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2024/2025 Lapsing Funds Calendar
Transaction Cutoff Dates for Fiscal Year Ending June 30, 2025
All transactions must be received by the business offices by the cutoff dates. There are NO exceptions on cutoff dates.ON THIS PAGE:
All Purchases
Cutoff Dates for State-funded Purchases
| Type of Transaction | Refer Questions To | Cutoff Date |
|---|---|---|
| Procurements of Commodities and Services of $75,000 or more. (Not on State Contracts) ** |
Mary La Corte |
April 11, 2025* |
| Commodities and Services requisitions between $50,000 and $74,999. Procurements requiring competitive advertising and solicitation of quotes. |
Linda Santos |
April 25, 2025* |
| Commodities and Services requisitions between $0 and $49,999. |
Jill McCahill |
May 30, 2025* |
- Expected delivery date must be no later than 6/30/2025 in order to use 2024/2025 funds.
- Goods received or services completed on 7/1/2025 or later must be paid with 2025/2026 funds. NO EXCEPTIONS.
- Competitve advertising and solicitation of quotations required.
* To ensure orders are charged to the 2024/2025 fiscal year, you must receive your
goods or services no later than 6/30/2025
** OSC has 75 days to review all orders of $75K or more
Cutoff Dates for State-funded eProcurement Transactions
| Type of Transaction | Refer Questions To | Cutoff Date |
|---|---|---|
| eProcurement Transactions • Wolfmart Punchouts (WB Mason, Intivity/Grainger, Fisher, VWR) |
Lynn Meyer |
June 24, 2025* |
- Punchouts will remain open, but all reqs will go into a State Hold folder following this cutoff and departments will be contacted to confirm if they want the reqs moved to Fiscal Year 2025/2026.
*eProcurement orders need to be received by 6/30/2025
VP Submissions
Cutoff Dates for VP-related Submissions
| Type of Transaction | Refer Questions To | Cutoff Date |
|---|---|---|
| Rollover Identification* | Office of Budget, Financial Planning, & Analysis | May 20, 2025 |
| Budget Transfer Submission** Journal Transfer Submission** Transfer Processing (Excluding Accounting)** |
Office of Budget, Financial Planning, & Analysis | August 4, 2025 |
| Budget Transfer Submission (All funds other than State) Journal Transfer Submission (All funds other than State) Transfer Processing (Excluding Accounting, all funds other than State) |
Office of Budget, Financial Planning, & Analysis | September 5, 2025 |
*Your department's internal cutoff date will be earlier than 5/20/2025. Check with
your VP coordinator.
**Your department's internal cutoff date will be earlier than 8/4/2025. Check with
your VP coordinator.
Cutoff Dates for Contracts
| Type of Transaction | Refer Questions To | Cutoff Date |
|---|---|---|
| Contract Encumbrance Increases (AC340 transactions) | Mary La Corte 631-632-9849 Mary.LaCorte@stonybrook.edu |
August 4, 2025 |
| Contract Payments* | Al DiVenuto 631-632-9838 Alfred.DiVenuto@stonybrook.edu |
August 22, 2025 |
*Last date for AP to process Contract invoices for services completed by 6/30/2025
Invoice Processing
Cutoff Dates for Invoice Processing
| Type of Transaction | Refer Questions To | Cutoff Date |
|---|---|---|
| Invoice Submission to Procurement for Processing |
Al DiVenuto |
July 25, 2025 |
| Lapsed Procurement Activity* |
Al DiVenuto |
August 22, 2025 |
-
All goods and services must be received or completed by 6/30/2025 in order to be paid with 2024/2025 funds.
-
Goods received and services completed after 6/30/2025 will be paid with 2025/2026 funds. NO EXCEPTIONS
*Last date for AP to process PO invoices for goods or services received by 6/30/2025
using 2024/2025 funds
Encumbrances
Cutoff Dates for Encumbrances
| Type of Transaction | Refer Questions To | Cutoff Date |
|---|---|---|
| Cancellation of Encumbrances by SUNY | Mary La Corte 631-632-9849 Mary.LaCorte@stonybrook.edu |
September 5, 2025 |
Reimbursements
Cutoff Dates for Reimbursement Requisitions
| Type of Transaction | Refer Questions To | Cutoff Date |
|---|---|---|
| Non Travel Expenses* | Al DiVenuto 631-632-9838 Alfred.DiVenuto@stonybrook.edu |
July 25, 2025 |
| Travel Expenses** | Gerardina Paduano 631-632-6017 Gerardina.Paduano@stonybrook.edu |
July 25, 2025 |
-
All Travel and Non Travel expenses must be accrued by 6/30/2025 in order to be paid with 2024/2025 funds.
*Last day to submit all Non Travel reimbursable expenses to Procurement for processing
**Last day to submit all Employee Travel reimbursable expenses in Concur and all Non-Employee
Travel reimbursable expenses to Procurement for processing