The State Aid Status Report is available on the Web at the SAAS Reports Website:
|
|
|
- Antonia Anderson
- 8 years ago
- Views:
Transcription
1 Chapter 9 RECONCILING STATE AID ACCOUNTS 9.1 RECONCILING ACCOUNTS TO STATE AID STATUS REPORTS NARRATIVE The State Aid Status Report is available on the Web at the SAAS Reports Website: Select Status Report from the menu presented on this screen. This report details the status of the State Aid Accounts, you can obtain your State Aid Accounts on a monthly basis. It is suggested that the county books are reconciled to and agree with these reports. The State Aid Accounts included in the State Aid Status Report are: 70- STATE AID County Regular Construction 71- STATE AID County Municipal Construction 72- County Turnback 73- State Park Construction 75- Special Town Bridge Construction 76- Town Bridge Construction 77- Town Road 80- CSAH County Regular Maintenance 81- CSAH County Municipal Maintenance 89- County Disaster Bridge Bonding Multiple Accounts A sample of the State Aid Status Report is shown on page 9.5. The following pages discuss the items on the report and offer some guidelines to reconciling accounts with this report. If the proper accounting procedures are being followed (as detailed in the previous sections of this manual), the State Aid Accounts from your accounting system should reconcile directly to the figures on this reports. The best way to track down a discrepancy is to walk through the State Aid Payment/Transfer Documents for the current year and post the entries on paper (using T-Accounts). Follow the rules and procedures as outlined in the previous sections of this manual for the various situations. Start by posting the beginning balances as of the beginning of the year (or from the last time the accounts were balanced to the State Aid Report) onto T-Accounts, for all the possible affected accounts. Then, as each payment/transfer document is gone through, make all entries to the appropriate T-Accounts on the projects which had activity since the accounts were last balanced with State Aid. Balance to the State Aid Status Report in this manual fashion, first. Then, trace the entries that were actually made to your accounting system, until the ones are found that don't agree with the T-Account entries which were made manually. If the discrepancy cannot be found in this manner, call the Mn/DOT State Aid Finance Office.
2 9.2 REGULAR MAINTENANCE - Transfers will generally be out of this account and into Regular Construction ONLY if the previous year's Maintenance Allotment was not fully used up. The amount transferred will be the amount unused for Regular Maintenance during the previous year. - Disbursements should always equal the cash received this year as reported on the State Aid Payment Documents. - Unexpended balance and balance available are equal. The amount shown here should equal the balance in the Regular Maintenance Allotment (asset) Account. - Encumbrances are always zero. - Balance available before July is usually 50% of the current year's allotment and 10% or $0.00 after July, depending on the state payment plan (50%, 40% and 10% or 50% / 50%). - If the county has a State Aid Bond Account, the payments are calculated after reducing the allotment by the bond interest paid that year. MUNICIPAL MAINTENANCE - Transfers will generally be out of this account and into Municipal Construction only if the previous year's Maintenance Allotment was not fully used up. The amount transferred will be the amount unused for Municipal Maintenance during the previous year. - Disbursements should always be equal to the cash received during the year as reported on the State Aid Payment sheets. - Unexpended balance and balance available are equal. The amount shown here should equal the balance in the Municipal Maintenance Allotment (asset) Account. - Encumbrances are always zero. - Balance available will be a percentage of the current year's allotment, each county may request a different percentage of Municipal Maintenance to be paid them during the year.
3 9.3 REGULAR CONSTRUCTION - Disbursements should always equal the cash received during the year as reported on the State Aid Payment Documents plus the amount transferred to the Agency Account. - Encumbrances represent monies the State has not yet released to the county for outstanding projects, an itemized listing may be obtained when the Status Report is reviewed online. The amount here should be equal to the balances in the Regular Construction - Receivable Account (asset). - Balance Available represents monies available in the allotment account but not yet requested. The amount here should be equal to the balance in the Regular Construction - Allotment (asset) Account. MUNICIPAL CONSTRUCTION - Follow the same guidelines as for Regular Construction. TOWN BRIDGE CONSTRUCTION - Follow the same guidelines as for Regular Construction. RECONCILING THE DEFERRED REVENUE ACCOUNTS NARRATIVE The county will be able to reconcile its Deferred Revenue Accounts to the Allocation amount (Regular and Municipal Maintenance) or the Balance Available (Regular, Municipal and Town Bridge Construction) on the State Aid Status Report. The following explanations should hold true for the Deferred Revenue Accounts if the correct Grant Accounting entries have been made throughout the year. Review the following to proof the Deferred Revenue Account Balances at year end. REGULAR MAINTENANCE Prior to completing the year-end sequence, making the necessary adjustments to recognize the amount of Regular Maintenance expenditures, and closing the year, the Regular Maintenance Deferred Revenue Account balance should be the same figure as the Regular Maintenance Allocation amount on the Status Report. (Note, however, that this figure will not be the same figure in the Regular Maintenance Allotment Account at this time since this account is reduced by State Aid Payments during the year).
4 9.4 MUNICIPAL MAINTENANCE Prior to completing the year-end sequence, making the necessary adjustments to recognize the amount of Municipal Maintenance expenditures, and closing the year, the Municipal Maintenance Deferred Revenue Account balance should be the same figure as the Municipal Maintenance Allocation amount on the Status Report. (Note, however, that this figure will not be the same figure in the Municipal Maintenance Allotment Account at this time since this account is reduced by State Aid Payments during the year). REGULAR, MUNICIPAL AND TOWN BRIDGE CONSTRUCTION Both State-Aid Construction Deferred Revenue Account balances should NEVER BE LESS THAN their corresponding Allotment Account balances UNLESS a project has overrun by a large amount and the overrun hasn't been released. Most often however, the Deferred Revenue Account balance WILL BE GREATER THAN the Allotment Account balance. The Deferred Revenue Account balance (either Regular, Municipal, or Town Bridge) can be calculated via the following formula: ADD: PLUS: ----> The Current Allotment Account Balance (after reconciliation with State Aid) ----> The Total Uncompleted Work on State-Aid Projects (All Years and State-Aid Obligation ONLY) MINUS: ----> Any State Aid Project Overruns that have NOT been requested TO EQUAL: ----> BALANCE IN STATE-AID DEFERRED REVENUE NOTE: Deferred Revenue Accounts are normally Credit Balance Accounts.
5 STATE AID STATUS REPORT 9.5
6 9.6
All Data Entry Forms may be downloaded from the State Aid Finance Website:
DATA ENTRY FORMS All Data Entry Forms may be downloaded from the State Aid Finance Website: http://www.dot.state.mn.us/safinance They are in Excel format, you must have Excel 97 or newer to use these forms.
5.9 SPECIAL CONSTRUCTION ACCOUNTS STATE TRANSPORTATION BONDS (OPTIONAL ENTRIES) NARRATIVE
5.9 STATE TRANSPORTATION BONDS (OPTIONAL ENTRIES) NARRATIVE When a State Bond Grant has been awarded, the county has the option to set up a State Bond Grant and State Bond Deferred Revenue Accounts. These
Accounting and Administrative Manual Section 100: Accounting and Finance
No.: G-03 Page: 1 of 6 General: The application of good financial management requires the prompt reconciliation of accounts. Since departmental revenue and expenditure accounts are scrutinized monthly
CHAPTER II GENERAL LEDGER ACCOUNTS
CHAPTER II GENERAL LEDGER ACCOUNTS A general ledger is basic to an accounting system. The General Ledger of a fund is a summary record containing the balance of assets, liabilities, deferred revenues,
Chapter 13 Bank Reconciliations
Chapter 13 Bank Reconciliations The Bank Reconciliation module of school cash allows Treasurers to quickly perform bank reconciliations and print month-end reports for the Principal s review and approval.
IV Accounting for Interfund Loans
. IV Accounting for Interfund Loans This chapter describes the accounting procedures for interfund loans in CALSTARS. An interfund loan may be defined as when a fund lends money to another fund. Accounting
Reconciling the Bank Statement
PrinciplesofAccounting HelpLesson #6 Reconciling the Bank Statement By Laurie L. Swanson Cash is one of the most important assets a business owns. Cash is the primary asset used to acquire other assets
FINANCIAL AND PURCHASING RECORDS. Includes records showing a summary of receipts, disbursements and other activity against each account.
FINANCIAL AND PURCHASING RECORDS FN-1 Account Distribution Summaries (Treasurer s Report) Includes records showing a summary of receipts, disbursements and other activity against each account. Weekly/Monthly-
dotgrants Annual Liquid Fuels Report Reference Manual
dotgrants Annual Liquid Fuels Report Reference Manual For assistance with completing the forms, call your District Municipal Services Rep. For assistance with dotgrants, please call (717) 783-2446 Annual
Important Disclaimer. Copyright Information
Important Disclaimer This checklist is provided to assist churches in fulfilling the requirement of Book of Order provision G-10.0400, 4, d. The Book of Order does not require that the annual review of
TOWN OF CARLYLE POLICY MANUAL
TOWN OF CARLYLE POLICY MANUAL POLICY DESCRIPTION: POLICY NUMBER: IAC 0010 Internal Accounting Controls DATE APPROVED: March 26, 2008 DATE REVISED: October 12, 2011 Purpose of Policy: To promote and protect
Chapter 18 Auditing Investments and Cash Balances
Chapter 18 Auditing Investments and Cash Balances General Considerations Cash balances include undeposited receipts on hand, cash in bank in unrestricted accounts, and imprest accounts such as petty cash
TABLE OF CONTENTS CHAPTER 9
TABLE OF CONTENTS CHAPTER 9 Purpose...1 Balance Sheet Accounts...1 Assets...1 Cash...1 Accounts Receivable...2 Accounts Receivable Allowances...4 Loans and Notes Receivable...4 Loans and Notes Allowances...5
Introduction to Governmental Accounting
Introduction to Governmental Accounting Karin Slater, CPFO Montrose County School District RE-1J February 25, 2016 Introductions Introduction to Governmental Accounting Name Entity or Government Position
Overview of Governmental Accounting, Budgeting, Contracts/Purchasing, Accounts Payable and Treasury
Overview of Governmental Accounting, Budgeting, Contracts/Purchasing, Accounts Payable and Treasury Course Instructors Al Friedrich, Office of the Auditor-Controller Paul Lewis, CAO Budget and Analysis
NAPERVILLE CENTRAL HIGH SCHOOL ATHLETIC BOOSTER CLUB FINANCIAL GUIDELINES
The following list of guidelines is meant to be a blueprint for good financial reporting for the Naperville Central High School Athletic Booster Club (the Club). It is not meant to be an all-inclusive
GRAP Implementation Guide for Municipalities
GRAP Implementation Guide for Municipalities TOPIC 2.3: BANK ACCOUNTS AND CASH This section of the manual sets out the FSOP s that need to be executed by the municipality regarding Bank Balances and Cash.
Table of Contents. Overview 82.1 What is the purpose of the program and financing schedule and how is it organized?
SECTION 82 PROGRAM AND FINANCING (SCHEDULE P) Table of Contents Overview 82.1 What is the purpose of the program and financing schedule and how is it organized? Detailed Guidance on the Program and Financing
V Accounting for Loan Principal Disbursements and Receipts
. V Accounting for Loan Principal Disbursements and Receipts Chapter V describes the accounting procedures for: Loan principal disbursements to other governmental or non-governmental entities Receipts
for Sage 100 ERP Bank Reconciliation Overview Document
for Sage 100 ERP Bank Reconciliation Document 2012 Sage Software, Inc. All rights reserved. Sage Software, Sage Software logos, and the Sage Software product and service names mentioned herein are registered
Under the Book Balance caption, enter the June 30, 2016 book balance (not bank balance) for each account.
A. AGENCY BANK ACCOUNTS AND INVESTMENTS Marina Verba - Division Chief Bank Reconciliation Phone: 212/669-7601 Fax: 212/815-8658 Room 200 South E-mail: agencybankaccount@comptroller.nyc.gov Critical Dates:
TOWN OF PROSPECT, CONNECTICUT
BASIC FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION FOR THE YEAR ENDED JUNE 30, 2015 ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2015 Table of Contents Independent Auditor's Report 4 Management's Discussion
Year End Close and balancing Ereporting AFR
Year End Close and balancing Ereporting AFR Preparing books for year end close Goal by August 1 close books and submit balanced Annual Financial Report (AFR) in Ereporting. Fiscal year remember the fiscal
Cash in bank checking account $22,500 U.S. treasury bills 5,000 Cash on hand 1,350 Undeposited customer checks 1,840 Total $30,690 Requirement 2
Chapter 7 Solutions EXERCISES Exercise 7 2 Cash and cash equivalents includes: Cash in bank checking account $22,500 U.S. treasury bills 5,000 Cash on hand 1,350 Undeposited customer checks 1,840 Total
How To Determine The Overrun/Underrun On A Tax Roll
INSTRUCTIONS TAX DISTRICT TREASURER'S SETTLEMENT SHEET The Tax District Treasurer s Settlement Sheet (PC-501) is due to the Department of Revenue (DOR) by March 15. The settlement sheet is available at:
Closing the Month for Cash Accounting
Contents About Closing the Month for Cash Accounting Producing General Ledgers Reconciling the General Bank Reconciling the Trust Bank Performing End of Month About Closing the Month for Cash Accounting
Fiscal Year-End Closing
Local Government Corporation General Overview Clean up and correct current fiscal year data Ensure all current year accounting activity has been processed Make entries in preparation for next fiscal year
= Debt Service = Sub-Imprest = Non City Trust = Pool & Satellite = Miscellaneous
A. DEPARTMENT BANK ACCOUNTS AND INVESTMENTS Katrina Stauffer Division Chief Accounting Compliance Phone: 212/669-7861 Fax: 212/815-8784 Room 200 South E-mail: agencybankaccount@comptroller.nyc.gov Critical
OFFICE OF THE STATE COMPTROLLER DIVISION OF LOCAL GOVERNMENT SERVICES
OFFICE OF THE STATE COMPTROLLER DIVISION OF LOCAL GOVERNMENT SERVICES AND ECONOMIC DEVELOPMENT TECHNICAL ASSISTANCE Comptroller OFFICE OF THE STATE COMPTROLLER DIVISION OF LOCAL GOVERNMENT SERVICES & ECONOMIC
Chapter 16 Accounting for Income Taxes
DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES Fundamental Concepts There are fundamental differences in the amount of income and expenses reported for GAAP and income tax purposes. The objective for
UNIVERSITY OF CALIFORNIA, RIVERSIDE ACCOUNTING SERVICES SELF SUPPORTING OPERATIONS FISCAL YEAR END CLOSING May 22, 2012
UNIVERSITY OF CALIFORNIA, RIVERSIDE ACCOUNTING SERVICES SELF SUPPORTING OPERATIONS FISCAL YEAR END CLOSING May 22, 2012 What is Fiscal Year Closing? At the department level it is the process of closing
BM3001 Accounts Payable Information Screen
BM3001 Accounts Payable Information Screen Required table. Use the Accounts Payable Information Screen (BM3001) to update the following accounts payable information: Beginning invoice numbers Beginning
Town of Saugeen Shores
Town of Saugeen Shores Façade Improvement Loan Program Guide for Applicants and Application Form Façade Improvement Loan Program Details Where a proposed project satisfies the Town s Façade Improvement
TOWN OF MANCHESTER, MARYLAND. FINANCIAL STATEMENTS June 30, 2015
FINANCIAL STATEMENTS TABLE OF CONTENTS PAGE INDEPENDENT AUDITORS REPORT... 1 MANAGEMENT S DISCUSSION AND ANALYSIS... 3 FINANCIAL STATEMENTS... 13 Government wide Financial Statements Statement of Net Position...14
Chapter 8. Internal Control. Chapter 8-1
8 Internal Control and Cash 8-1 Internal Control and Cash Internal Control Cash Controls Use of a Bank Reporting Cash The Sarbanes- Oxley Act Principles Limitations Control over cash receipts Control over
University System of Maryland Accounting Practice
University System of Maryland Accounting Practice Preparation of interim financial statements General This accounting practice document is a current guide for preparing internal-use, interim financial
CH 23 STATEMENT OF CASH FLOWS SELF-STUDY QUESTIONS
C H 2 3, P a g e 1 CH 23 STATEMENT OF CASH FLOWS SELF-STUDY QUESTIONS (note from Dr. N: I have deleted questions for you to omit, but did not renumber the remaining questions) 1. The primary purpose of
FISCAL POLICIES AND PROCEDURES
FISCAL POLICIES AND PROCEDURES SECTION 1.1 FINANCIAL RECORDS AND REPORTING Colorado Nonprofit Association's fiscal period begins January 1 and ends December 31. The financial records of the organization
HOW TO READ A FIVE-YEAR FORECAST. Tips and Explanations on Understanding a School District s Forecast
HOW TO READ A FIVE-YEAR FORECAST Tips and Explanations on Understanding a School District s Forecast INTRODUCTION Recognizing the importance of discussing school district finances, the Ohio Department
DEFINITIONS OF IOWA SCHOOL FINANCE TERMS
DEFINITIONS OF IOWA SCHOOL FINANCE TERMS Accounting Accrual year-end reporting required by the Department of Education on the certified annual financial report. A district may be operating on a cash accounting
Law Firm Self-Report Guidelines to Complete the Self-Report
Law Firm Self-Report Guidelines to Complete the Self-Report These guidelines are designed for the Law Firm Self-Report. A separate FAQ has been prepared for the accountants to assist in the completion
GREENUP COUNTY SCHOOL DISTRICT FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION
FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION TABLE OF CONTENTS Page Independent Auditors' Report 1 Management s Discussion and Analysis 4 Basic Financial Statements: Statement of Net Position 8 Statement
Chapter Quarterly Financial Report Instructions (Quarterly Format)
Chapter Quarterly Financial Report Instructions (Quarterly Format) Chapters are expected to maintain 100% compliance with reporting requirements to National. This is important because chapters are organized
Prince Hall Grand Chapter, Order of the Eastern Star, Rite of Adoption, Hawaii and its Jurisdictions Inc. Basic Audit Procedures for All Chapters
Prince Hall Grand Chapter, Order of the Eastern Star, Rite of Adoption, Hawaii and its Jurisdictions Inc. Basic Audit Procedures for All Chapters Audit Committee The Audit Committee requires three members
GUIDE FOR BASIC ACCOUNTING AND REPORTING FOR DIRECT LOAN PROGRAMS WITHOUT COLLATERAL IN FEDERAL CREDIT PROGRAM
GUIDE FOR BASIC ACCOUNTING AND REPORTING SEPTEMBER 2010 PREPARED BY: CREDIT REFORM SUBCOMMITTEE AND UNITED STATES STANDARD GENERAL LEDGER DIVISION ACCOUNTING SYSTEMS AND STANDARDS DIRECTORATE GOVERNMENTWIDE
FORM 31. (Rule 179) LAW SOCIETY OF YUKON LAW FIRM AND ACCOUNTANT S REPORT
FORM 31 (Rule 179) LAW SOCIETY OF YUKON LAW FIRM AND ACCOUNTANT S REPORT Instructions 1. This form must be filed within six months from the end of the law firm financial year. 2. If space is insufficient,
Vance County Schools Individual School Accounting
Individual School Accounting Internal Controls and Responsibilities Individual School Accounting Internal Controls and Responsibilities Contents Page Principal Statement of Understanding 3 Treasurer Statement
A Assets and Other Debits: Code and Definitions 2-A-1. B Liabilities and Other Credits: Code and Definitions 2-B-1
Section: Chapter Contents Date: June 006 Section Page A Assets and Other Debits: Code and Definitions -A-1 B Liabilities and Other Credits: Code and Definitions -B-1 NOTE 1: In order to maintain uniformity
Why is a budget important? I. What is a budget? II.
The State University of New York Fiscal and Accounting Procedures for Mandatory Student Activity Fee Programs require the custodial and disbursing agent (Sub-Board I) to establish and maintain budgetary
City of Amsterdam. Records and Reports. Report of Examination. Thomas P. DiNapoli. Period Covered: June 1, 2011 March 31, 2013 2013M-266
O FFICE OF THE NEW YORK STATE COMPTROLLER DIVISION OF LOCAL GOVERNMENT & SCHOOL ACCOUNTABILITY City of Amsterdam Records and Reports Report of Examination Period Covered: June 1, 2011 March 31, 2013 2013M-266
Audit Guidelines. The Annual Church Audit. by Dan Busby. Key Concepts. Idea! Use this document as a checklist for your annual audit.
The Annual Church Audit by Dan Busby Audit Guidelines Church board members have a long list of responsibilities. Among these is the responsibility for the money that flows through the church. Included
CHAPTER VIII ACCOUNTING POSTING RECORDS - SETTLEMENT WITH THE COUNTY - CLOSING THE BOOKS - RECONCILING DEPOSITORY BALANCES
8-1 CHAPTER VIII ACCOUNTING POSTING RECORDS - SETTLEMENT WITH THE COUNTY - CLOSING THE BOOKS - RECONCILING DEPOSITORY BALANCES RECONCILING CASH WITH RECEIPTS AT THE CLOSE OF THE DAY As soon as the office
Municipal Court Audit Report
Municipal Court Audit Report Issued by the February 28, 2006 EXECUTIVE SUMMARY The has concluded its audit of Municipal Court. Based on the results of the audit, five findings were identified to indicate
APPENDIX A DRAFT Policy DIE-1 School Funds: Audit & Financial Monitoring Procedures
APPENDIX A DRAFT Policy DIE-1 School Funds: Audit & Financial Monitoring Procedures Administrative Guidelines Financial Monitoring Procedures The following Administrative Guidelines support the Principal
STATEMENT OF CASH FLOWS AND WORKING CAPITAL ANALYSIS
C H A P T E R 1 0 STATEMENT OF CASH FLOWS AND WORKING CAPITAL ANALYSIS I N T R O D U C T I O N Historically, profit-oriented businesses have used the accrual basis of accounting in which the income statement,
To the Rector, Wardens and Vestry of (Church Name; Church Address; City and Zip)
Section B. Sample Audit Committee Certificate Date To the Rector, Wardens and Vestry of (Church Name; Church Address; City and Zip) Subject: (Audit Year) Audit of (Church Name) We have inspected the statement
CHAPTER 9 Information Unique to Each Fund
CHAPTER 9 Information Unique to Each Fund Table of Contents Section - Page INTRODUCTION 1 1 THE GENERAL FUND 2 1 ASSOCIATED STUDENT BODY FUND (ASB) 3 1 Introduction...1 Accounting Methods and Procedures...2
Definition of Capital Expenditures
Definition of Capital Expenditures Cost to buy fixed assets or add to the value of existing fixed assets Useful life of the asset more than a year Capital expenses not used for ordinary day-to-day operating
How To Measure A Charter School'S Financial Performance
DPI Charter School Financial Performance Framework Guide Charter School Financial Performance Framework and Guidance North Carolina Department of Public Instruction Division of School Business February
Financial Reporting & Analysis Chapter 17 Solutions Statement of Cash Flows Exercises
Financial Reporting & Analysis Chapter 17 Solutions Statement of Cash Flows Exercises Exercises E17-1. Determining cash flows from operations Using the indirect method, cash flow from operations is computed
Direct Loans 2015-2016
Direct Loans 2015-2016 All students who complete a valid FAFSA are offered Direct Loans as part of their Financial Aid package. The purpose of this document is to explain how Direct loans work and answer
Statement of Cash Flows
THE CONTENT AND VALUE OF THE STATEMENT OF CASH FLOWS The cash flow statement reconciles beginning and ending cash by presenting the cash receipts and cash disbursements of an enterprise for an accounting
Chapter 15: Accounts Payable and Purchases
Accounting Research Manager - Audit Private Accounting Research Manager Miller Interpretations and Other Resources Knowledge-Based Audit Procedures Chapter 15: Accounts Payable and Purchases Chapter 15:
Internal Control and Cash
Accounting Principles, 7 th Edition Weygandt Kieso Kimmel Chapter 8 Internal Control and Cash Prepared by Naomi Karolinski Monroe Community College and Marianne Bradford Bryant College John Wiley & Sons,
T e x a s D e p a r t m e n t o f C r i m i n a l J u s t i c e
T e x a s D e p a r t m e n t o f C r i m i n a l J u s t i c e Brad Livingston Executive Director September 19, 2014 TO: FROM: SUBJECT: Community Supervision and Corrections Department Directors Barbara
REDWOOD SOIL AND WATER CONSERVATION DISTRICT ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2009
ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2009 ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2009 TABLE OF CONTENTS: 1-7 Financial Highlights; and Using This Annual Report 1 Statement
II. THE LAW FIRM SELF-REPORT AND FILING REQUIREMENTS
These instructions are designed for the Law Firm Self-Report. A separate FAQ has been prepared for the accountants to assist in the completion of the Accountant s Report. A user guide has also been developed
VUNTUT GWITCHIN FIRST NATION NOTES TO THE NON-CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2005
1. Basis of presentation These financial statements have been prepared on a nonconsolidated basis and do not include the accounts of the First Nation's compensation fund or Vuntut Development Corporation,
Audit of Cash Balances
Audit of Cash Balances Chapter 23 2008 Prentice Hall Business Publishing, Auditing 12/e, Arens/Beasley/Elder 23-1 Learning Objective 1 Show the relationship of cash in the bank to the various transaction
BUDGET AND FINANCIAL PLAN SUMMARY FILE
REVENUE & FINANCING SOURCES Operating Revenues Charges for services Rental & financing income Last Year (Actual) 2014 Other operating revenues 0 Nonoperating Revenues Current Year (Estimated) 2015 Next
Section V Chapter 1 Monthly and Fiscal Year-end Closing Procedures
Page 1-1 I. GENERAL DESCRIPTION All bank accounts maintained by each school must be properly monitored and reconciled on a monthly basis. The school treasurer is responsible for preparing the bank reconciliations,
AUDIT REPORT of DUBOIS AREA SCHOOL DISTRICT. DuBois, Pennsylvania A.U.N. 1-06-17-200-3. For The Year Ended June 30, 2013
AUDIT REPORT of DUBOIS AREA SCHOOL DISTRICT DuBois, Pennsylvania A.U.N. 1-06-17-200-3 For The Year Ended June 30, 2013-1 - TABLE OF CONTENTS Page Number Independent Auditor's Report 4 Management's Discussion
town Treasurer's Checklist,Table of Period Year 2012
TOWN OF BURLINGTON, MASSACHUSETTS MANAGEMENT LETTER JUNE 30, 2012 To the Honorable Board of Selectmen Town of Burlington, Massachusetts In planning and performing our audit of the financial statements
A Municipal Checklist for Internal Control-Part I, Cash Controls
A Municipal Checklist for Internal Control-Part I, Cash Controls I. General Internal Control & Banking 1 Is a professional (independent) audit done annually? 2 If you have an annual audit was the most
Enterprise Funds: A Best Practice
Enterprise Funds: A Best Practice Purpose Introduction This guide will help you understand: The definition of Enterprise Fund. Why enterprise funds are important to your utility. How to implement enterprise
COMMUNITY CHEMICAL DEPENDENCE AND ABUSE FACILITIES
Office of Alcoholism and COMMUNITY CHEMICAL DEPENDENCE AND ABUSE FACILITIES Objective: Provides funds to public and private chemical dependence and abuse agencies for capital projects including construction,
BUDGET AND FINANCIAL PLAN SUMMARY FILE
BUDGET AND FINANCIAL PLAN SUMMARY FILE BUDGETED REVENUES, EXPENDITURES, AND CHANGES IN CURRENT NET ASSETS Last Year (Actual) 2013 Current Year (Estimated) 2014 Adopted 2015 Proposed 2016 Proposed 2017
Summary of the Fiscal Loan Fund Management Report for FY 2005
(Provisional Translation) July 26, 2006 Financial Bureau, Ministry of Finance Summary of the Fiscal Loan Fund Management Report for FY 2005 1. Allocation of the Fiscal Loan Fund in FY 2005 (1) Plan and
ACCOUNTING POLICY AND PROCEDURES (APP) MANUAL. TOPIC: Section 11 Institution Accounting 2.1 EFFECTIVE DATE: 06/01/1983
STATE OF WISCONSIN DEPARTMENT OF HEALTH SERVICES DIVISION OF ENTERPRISE SERVICES BUREAU OF FISCAL SERVICES ACCOUNTING POLICY AND PROCEDURES (APP) MANUAL TOPIC: EFFECTIVE DATE: 06/01/1983 TITLE: Store Inventory
SCHEDULE. ANNUAL TRUST ACCOUNT REPORT (Sections 14 and 15) PART 1
SCHEDULE TO: The Registrar The Real Estate Brokers Act ANNUAL TRUST ACCOUNT REPORT (Sections 14 and 15) PART 1 At the request of, being the authorized official of ("the "Broker"), I/we have reviewed the
Introductory Governmental Accounting Part I. For State and Local Governments
Introductory Governmental Accounting Part I For State and Local Governments FINANCIAL MANAGEMENT CERTIFICATE TRAINING PROGRAM INTRODUCTORY GOVERNMENTAL ACCOUNTING PART I COURSE OBJECTIVES Upon completion
Lewis County Collector and Property Tax System
Nicole R. Galloway, CPA Missouri State Auditor FOLLOW-UP REPORT ON AUDIT FINDINGS Lewis County Collector and Property Tax System June 2015 http://auditor.mo.gov Report No. 2015-040 Follow-Up Report on
2011-2012. FINANCIAL AID HANDBOOK for the PRACTICAL NURSING PROGRAM
2011-2012 FINANCIAL AID HANDBOOK for the CENTRAL PENNSYLVANIA INSTITUTE OF SCIENCE AND TECHNOLOGY 540 N Harrison Road Pleasant Gap, PA 16823 (814) 359-2582 TABLE OF CONTENTS SUBJECT Page # Financial Information
County Accounting Manual
Transfer Funds County Accounting Manual Contents: Before Creating Transfer Transfer from Checking to Existing Savings Transfer from Checking to New Savings Move Money Direct Bank Transfer Move Money Write
REPORT OF THE AUDITOR OF PUBLIC ACCOUNTS AGREED-UPON PROCEDURES ENGAGEMENT OF THE WHITLEY COUNTY PROPERTY VALUATION ADMINISTRATOR
REPORT OF THE AUDITOR OF PUBLIC ACCOUNTS AGREED-UPON PROCEDURES ENGAGEMENT OF THE WHITLEY COUNTY PROPERTY VALUATION ADMINISTRATOR For The Period July 1, 2011 Through June 30, 2012 ADAM H. EDELEN AUDITOR
S5: Bank Reconciliation Start to Finish
S5: Bank Reconciliation Start to Finish Welcome To Bank Reconciliation Introductions If you have questions not covered: Write them down on a Questions Form and drop in a Connections Box Ask them at Round
SBM Reconciling and Closing Accounts
Administrative Data SBM Reconciling and Closing Accounts Course Information Course Title - SBM Reconciling and Closing Accounts Number - SBMT2135 Total Credits - 2 Course Description Units This course
What are the elements of an accounting system?
What are the elements of an accounting system? An accounting system is comprised of accounting records (checkbooks, journals, ledgers, etc.) and a series of processes and procedures assigned to staff,
Publication No. 140 Revised July 2015. Sample Financial Statements. for a Charter School. in North Carolina
Publication No. 140 Revised July 2015 Sample Financial Statements for a Charter School in North Carolina State and Local Government Finance Division North Carolina Department of State Treasurer 35-H-1
Pitt County Schools Individual School Accounting. Internal Controls and Responsibilities Fiscal Year 2009-10
Individual School Accounting Internal Controls and Responsibilities Fiscal Year 2009-10 Individual School Accounting Internal Controls and Responsibilities Fiscal Year 2009-10 Contents Page Principal Statement
Office of the State Controller. Self-Assessment of Internal Controls. Purchasing/Accounts Payable Cycle. Objectives and Risks
Office of the State Controller Self-Assessment of Internal Controls Purchasing/Accounts Payable Cycle Objectives and Risks Agency Year-End Objectives All requests for goods and services are initiated and
Financial Reporting and Analysis Chapter 13 Solutions Income Tax Reporting Exercises
Financial Reporting and Analysis Chapter 13 Solutions Income Tax Reporting Exercises Exercises E13-1. Determining current taxes payable (AICPA adapted) The amount of current income tax liability that would
Accounting 408 Test 3b Section Row
Accounting 408 Test 3b Name Section Row Multiple Choice. (2 points each) Read the following questions carefully and indicate the one best answer to each question by placing an X (do not circle) over the
PAWNEE COUNTY, KANSAS PUBLIC BUILDING COMMISSION FINANCIAL STATEMENT
PAWNEE COUNTY, KANSAS PUBLIC BUILDING COMMISSION FINANCIAL STATEMENT For the Year Ended December 31, 2013 VONFELDT, BAUER & VONFELDT, CHTD. Certified Public Accountants Larned, Kansas 67550 PAWNEE COUNTY,
OPERATIONAL AND CONSUMABLE INVENTORY POLICY
OPERATIONAL AND CONSUMABLE INVENTORY POLICY PURPOSE The purpose of this policy is to establish guidelines for the management of inventory as a key institutional resource. This policy lays the foundation
10-1. Auditing Business Process. Objectives Understand the Auditing of the Enteties Business. Process
10-1 Auditing Business Process Auditing Business Process Objectives Understand the Auditing of the Enteties Business Process Identify the types of transactions in different Business Process Asses Control
CHECKLIST FOR YEAR-END CLOSING ENTRIES
DEPARTMENT OF ADMINISTRATION LOCAL GOVERNMENT SERVICES CHECKLIST FOR YEAR-END CLOSING ENTRIES Don t run from year-end entries Conquer them! Here s some simple steps.. PRESENTED BY: MAGDA NELSON & DARLA
FINANCIAL POLICIES INDEX
FINANCIAL POLICIES INDEX Page Accounts Payable 2 Cash Receipts 6 Credit Cards 9 General Ledger Adjustments 10 Fixed Asset 11 Payroll Tax Reporting 13 Travel Reimbursement 14 Handling Mail 15 1 Accounts
MCDONOUGH COUNTY, ILLINOIS MANAGEMENT LETTER. For the Year Ended November 30, 2014
MCDONOUGH COUNTY, ILLINOIS MANAGEMENT LETTER For the Year Ended November 30, 2014 July 23, 2015 To the Members of the County Board, the Circuit Clerk and Management McDonough County, Illinois One Courthouse