Fiscal Close

The landscape for higher education remains challenging and dynamic. Fordham’s emphasis on sound financial management and strategic decision-making plays a critical role in navigating these conditions and positioning the University for sustainable growth.

Fordham’s fiscal year concludes on June 30, 2026. As we approach this date, the Finance team will focus on ensuring that all financial activity for the year is accurately recorded and complete. A smooth, timely year-end close depends on coordinated efforts across the University, particularly around key deadlines and required actions. We appreciate your cooperation.

Year-End Financial Stewardship
As you plan for the remainder of the fiscal year, please take time to carefully review your available budgets. We ask that discretionary or nonessential spending late in the year be minimized where possible. Thoughtful financial management during this period supports our shared goal of sustaining tuition affordability while maintaining the University’s financial strength.

Unspent funds enhance Fordham’s ability to address unexpected priorities, make strategic investments, and enter the new fiscal year with greater flexibility. Your responsible stewardship now plays an important role in supporting the University’s long-term mission and stability.

Action Items

  • Submit invoices and expense reports as soon as possible, especially for goods or services already received or expected soon. If you expect delayed invoices, contact vendors now.
  • Ensure salary and labor charges are accurate and submit any changes by June 9.
  • Place all FY 2026 purchase orders by June 15.
  • Enter all FY 2026 transactions by July 20.
  • Avoid non-essential, last-minute spending to support fiscal responsibility and tuition affordability.

Important Notes

  • Invoices for goods or services received by June 30 will be charged to FY 2026. 
  • FY 2027 budgets will be loaded by June 2026 (more details to come).
  • Request FY 2027 purchase orders beginning June 2026 (more details to come).

Thank you in advance for your cooperation and assistance in our year-end financial closing.  Further specific details and dates will be sent shortly from other members of the Finance team.

For questions, contact:


Anthony Grono
Senior Associate Vice President of Finance and Controller