Master Article - Non standard fiscal year funds NSFY
- Knowledge Assistant
Functionality of nsfy funds
NSFY Funds
Non standard fiscal year funds
Non standard fiscal year funds do not follow the typically sites fiscal year in GL Settings, they have their own year set up on the Fund itself.
- Account Detail History- NSFY report must be run between prior year 3 and next year- Funds included in report are not NSFY
- Account monthly data is showing incorrect balances for NSFY accounts when items are unposted
- Actuals displaying incorrectly for NSFY funds in Central Budget Entry
- Error Period 13 entries not allowed for NSFY journals
- Errors entering a NSFY Prior Year General Journal Entry
- Incorrect fund out of balance errors on table validation report for NSFY Funds
- Invalid Budget Check error for NSFY Fund that starts before Standard Fiscal Year
- Journal Reversal allows period 13 for journals with NSFY accounts
- NSFY Account Trial Balance report for NY incorrectly displays the account beginning balances
- NSFY Prior Year General Journal Entry error - Standard fiscal year account not allowed
- NSFY Non standard fiscal year funds with table validation errors
- NSFY Fund Account Trial Balance Report and Balance Sheet Report
- Period 0 Journals for NSFY Funds
- Requisition showing in wrong fiscal year when allocated to NSFY fund
- Setting the BudgetFiscalYear for NSFY Funds adds a space in the field and results in display issues
- Type 5 NY Budget Comparison Report is showing incorrect amounts for NSFY Funds
- The budget year must be within the report year range when run for NSFY funds - Flexible period report
NSFY Funds have their own Account Trial Balance and Balance sheet report in MUNIS. They should NOT be using the typical ones that are used for Standard Fiscal year and Multiyear funds.
NSFY Funds should not have period 0 or period 13 journals posted to the manually at the site. Those periods should not be used for NSFY Funds although MUNIS will update those periods appropriately when the Standard Fiscal Year is closed.
Instead, Journals should be created and posted to the periods that are out of balance by using either General Journal Entry Proof for the current year or prior year journals should be posted in MUNIS > General Ledger Menu > End of Period > Fiscal Year End Processing > NSFY Prior Year General Journal Entry