End Dating of Function 42 - Deans & Provost as of 6/30/2020

The proposal to eliminate function 42-Deans and Provost was discussed at the RC-Strategy Group & the Accounting & Reporting Partner Group.  It was agreed that activity currently going through function 42 should be transitioned to function 40-Academic Support, starting now, so that function 42 can be end dated on 6/30/20.  It is not necessary to make any corrections to FY20 activity, but starting in FY21 you will no longer be able to charge to function 42. The rationale behind this decision is that function 42 is not being used as intended for internal management reporting and isn’t needed for external financial reporting since functions 40 & 42 both roll up to the same Academic Support parent.  Compensation costing – units may choose to change costing immediately OR over the next month.  Historical data will not be remapped to function 40.  At the end of June we will end date function 42.  Once the function is end dated, internal billings, journal entries, Concur, BobcatBUY transactions, etc. that use Function 42 will not work.  Units will have to utilize function 40. 

For questions, please contact your Planning Unit CFAO or Kris Sano, sanok@ohio.edu.