If you’re responsible for reviewing payroll encumbrances on Fund 34/35 SpeedTypes, please note that these may have been overstated on last month’s financial reports.

HCM calculated the January encumbrances through the funding end date (for Fund 34) or through the project end date (for Fund 35), as opposed to through the end of the fiscal year.

These have been corrected in HCM and your reports will now reflect the corrected amounts.

Questions? Contact your campus controller/finance team.