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FAQs:

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titleQ. I made a deposit in the prior fiscal year (Account 5xxxx), how come I do not see it in our budget in the next fiscal year?

A. The income statement (5xxxx-8xxxx) does not roll forward each year. The income statement flows into the balance sheet and gets carried forward to the next fiscal year. If you expenses are higher than revenue, you have already spent that money and it is not carried forward via balance sheet. If your Revenue is higher than expenses, you will find the deposit in the beginning balance of 10197 unless the fund is budgeted.

(check the GL & Excel tips training below for detailed explanation)

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titleQ. How do I get a document notarized? Does your office have any notary publics?

A. If you have a University business document that requires a notary signature or have questions regarding notarization, contact the Office of Financial Affairs at 206-281-2532 to set up an appointment. The notary assistance is not for personal documents, only for items pertaining to the University. 

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titleQ. Do contracts have to be approved by Financial AffairsFinance?

A. The University Contract Review and Approval process can be found HERE. 

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