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Campus Announcements
Finance system fix for negative IDC encumbrances
Department / Organization: Controller's Office
The Controller’s Office and ORA have corrected the negative encumbrance recording error that was occurring in the Finance System on sponsored projects.
The Controller’s Office and ORA have corrected the negative encumbrance recording error that was occurring in the Finance System on sponsored projects. The Finance System fix will be installed over the weekend and IDC encumbrances on all sponsored research projects should be correct Monday morning. As part of this correction, there were a significant number of older sponsored research projects that the Finance System was not recording an IDC encumbrance for unspent IDC funds. All of these older projects will now have an encumbrance recorded in the Finance System on the IDC expense line if there are unspent IDC funds.