2023-24 Fiscal Year End Close Calendar

Dear School Business Professionals,
In support of our districts, the SBCEO Team would like to keep you informed of the Fiscal Year-End (June 30) process and how it may impact various aspects of our regular procedures. Please review the following key reminders below:
Fiscal Year-End Calendar
* Please carefully review the Fiscal Year-End Close Calendar posted here<sbas.sbceo.org/Escape/FiscalYearEndCloseCalendar20232024.pdf> on our SBAS website to verify that all your year-end processing deadlines are met.
Year-End Close Manual
* The Fiscal Year-End Close Manual <sbas.sbceo.org/Escape/DistrictFiscalYearEndCloseManual202324.pdf> is available to assist with the closing process on the Year-end close<www.sbceo.org/domain/293> website.
Accounts Payable (A/P)
* Warrant Cancels and Cancel/Reissues – The last day for warrant cancel requests is June 24th at 5 p.m. No straight cancels will be processed between June 25th through the closing of your district’s 2023-24 general ledger. Note: Regular cancel/reissue requests will still be processed after this date.
* Next Fiscal Year A/P Processing – Please note that your District’s AP Schedule may shift due to the July 4th Holiday. Be sure to review your district’s currently posted AP calendar here<sbasweb.sbceo.org/purchasing/accounts-payable-processing> and the impact the July 4th Holiday may have on your AP submission and delivery schedule. We anticipate posting the new District AP Calendars for next year by June 30 (an email reminder will be sent when these are posted on the website).
Accounts Receivable (A/R)
* Deposits – Treasury deposits for the current (2023-24) fiscal year are due to our office no later than 8 a.m. on June 26th. Any deposits received by our office after that date and time will be posted in the next fiscal year (2024-25). Note: The County Treasurer’s Office will accept deposits at their locations in Santa Maria and Santa Barbara until 10 a.m. on June 28th. If you choose to make a deposit during the June 26-28 window, we advise that you re-confirm with the County Treasurer’s office directly to verify their deposit procedures and cutoff times.
If you have any questions or concerns, please feel free to contact any one of our finance team members for further clarification and/or guidance.
Alejandro Baeza – ext. 5372 Daisy Lazaer – ext. 5295 Chris Rhodes – ext. 5226 Lydia Barcos – ext. 5357 Kaylyn Fierro – ext. 5260
Regards, School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
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