usas fye closing procedures
DESCRIPTION
USAS FYE Closing Procedures. North Coast Council June 13, 2013. Pre-Closing Procedures. The following steps must be completed prior to closing for fiscal year-end. EMIS-R/Data Collector. - PowerPoint PPT PresentationTRANSCRIPT
USAS USAS FYE Closing ProceduresFYE Closing Procedures
North Coast CouncilJune 13, 2013
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Pre-Closing ProceduresPre-Closing Procedures
The following steps must be completed prior to closing for
fiscal year-end.
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EMIS-R/Data CollectorEMIS-R/Data Collector
•The financial data submission process will be done through EMIS-R and will be under district control rather than ITC control. An authorized person in the district (EMIS Coordinator, Treasurer, etc.) will need to upload the flat file, run the data collection process, and submit the data to ODE. (7/1 – 9/30)
•Must be sent to ODE before period 13H closes
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District/Building Financial District/Building Financial DataData
• The District Financial General Information and Building Financial information must be entered through USAEMSDB. This data will be reported under Financial Reporting Period H for FY13.
The Building General Information• Building General Information– Financial (DM) • District General Information—Financial (DD)
are no longer reported to ODE. All elements on these records have been reorganized for inclusion in the Organization General Information (DN) record
Note:
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USAEMSDB - DSTMNTUSAEMSDB - DSTMNT
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Central Office Square Footage and ITC IRN are found in the USAEMSDB program option 1 - DSTMNT
USAEMSDB - BLDMNT USAEMSDB - BLDMNT
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The transportation and lunchroom percentages and correct square footage fields are found on the USAEMSDB program option 2.
111111 46,280 10.04 9.27 111112 56,600 11.66 12.56 111113 69,535 12.50 11.27 111114 218,770 30.36 30.19 111115 100,610 24.79 22.34 111116 67,360 10.65 14.37
USAEMSDB - BLDRPTUSAEMSDB - BLDRPT
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A report can be generated for the transportation, lunchroom percentages and building square footage under USAEMSDB option 3 - BLDRPT
VALACTVALACT Should be run to check for any invalid accounts that may
need to be fixed prior to closing for the fiscal year.
All Fatal errors must be corrected prior to closing
Use ACTCHG to possibly correct to valid accounts. ACTCHG should be run in batch and overnight so all users are OUT. NCC should be notified when a batch is created and will be run overnight. Batch time should be 11:00 PM
This program creates a report of invalid accounts with an explanation as to why the accounts are considered invalid◦ WARNING messages will not cause any problems when
trying to run year-end programs like USAEMSEDT or USAEMS
◦ FATAL messages will prevent the USAEMS sequential file from being created
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Possible VALACT Possible VALACT messagesmessages
“Invalid Fund Per Current Blue Book Standards”◦ The Fund is no longer valid in USAS.
WARNING will precede the message if there was no activity against the fund; you can choose to ignore the warning.
FATAL will precede it if there is any activity against the fund; it will cause errors when running USAEMS
Invalid Fund messages are mainly associated with grant funds so if AOS does not assign a new fund number to replace the invalid one, you can FNDCHG it to a miscellaneous account (499/599 with a unique SCC)
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Possible VALACT Possible VALACT MessagesMessages
“Function must be defined at a higher level of detail”◦ The same applies for receipt or object codes◦ The dimension (function, receipt or object
code) is no longer valid in USAS; AOS has defined it to a higher level of detail WARNING will precede the message if no
activity against this code; you can choose to ignore the warning.
FATAL will precede it if there is any activity against the code; need to use ACTCHG to make the necessary updates
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Possible VALACT Possible VALACT MessagesMessages
“Invalid object per the current blue book standards. “
◦ The same applies for function or receipts codes◦ The dimension (function, receipt or object
code) is no longer valid in USAS WARNING will precede the message if no
activity against this code; you can choose to ignore the warning.
FATAL will precede it if there is any activity against the code; need to use ACTCHG to make the necessary updates
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Possible VALACT Possible VALACT MessagesMessages
“ODE requires SUBJ or IL to be entered for this func/obj in most cases”
◦ according to EMIS requirements (chapter 4 of ODE's EMIS Guide), ODE wants a subject or instructional level on certain types of accounts. Rule of thumb: if it’s a high school or middle/junior high class where teachers teach specific courses, a subject code should be provided. If it’s an elementary, then an instructional level should be provided. However, ODE states that there are cases where this doesn't apply and it is okay in those cases not to provide the subject or IL code. So since it is not enforced, it will display in VALACT as a warning.
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Possible VALACT Possible VALACT messagesmessages
◦ “A Valid EMIS category should be entered for this fund” WARNING will precede this message if “*” entered in the EMIS
Fund Category for a fund that requires an EMIS Category code. Intended for you to verify (double-check) that there isn’t an existing code that should be used. If no proper code exists, the * should be used.
WARNING will also precede message if EMIS Fund Category is blank for a fund that requires an EMIS Category code and there is no activity against this code; Even though a warning, strongly advise to enter a fund category (or an *) to that cash account.
FATAL will precede this message if the EMIS Fund Category is blank for a fund that requires a fund category code and there is activity against this fund. Must enter a fund category to the cash account
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EMIS Fund CategoriesEMIS Fund Categories
Check cash account for EMIS Fund Categories ◦ EMISCAT Report
List all funds and associated fund categories
VALACT◦ Lists errors for invalid fund categories◦ Lists warnings for funds that should have an
EMIS category but don’tEnter (*) if no appropriate code existsMake changes in ACTSCN or USASWeb
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EMIS Fund CategoriesEMIS Fund Categories
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EMIS Fund CategoriesEMIS Fund Categories
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EFM REPORTING – OPU’sEFM REPORTING – OPU’sCheck Operational Units
◦Check IRN and Entity Type◦All OPU’s must be an IRN within your
district◦Use OPUEDT to change; OPULST for
report
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Operational UnitsOperational Units
Check Operational Units◦ Check IRN and Entity Type◦ Use USASWeb/ Operational Units to query all
the OPUS; and make modifications if needed
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EFM_LOCALEFM_LOCAL• Due to the New Expenditure
Standards. SSDT removed the EFM from the Fiscal Year End Procedures.
• EFM has also been removed from the FiscalCD.
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AppropriationsAppropriationsNext Year estimated budgets and
revenues may be entered into the Next Year Proposed fields through APPROP prior to running Fiscal Year-end ADJUST.
Note: Alternatively, IABMASS, IABMNT, or IABLOAD (also part of APPROP) may be used after closing the fiscal year
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AppropriationsAppropriations
NYPINI…NYPINI…clears out anything currently in the next year proposed fields
NYPMASS…NYPMASS…allows ranges of accounts to be mass updated based on the calculation method chosen
NYPMNT…NYPMNT…enter next year proposed amounts individually
NYPLOAD…NYPLOAD…upload next year proposed amounts via a spreadsheet file
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Accounts Payable Accounts Payable TrackingTracking
Provides ability to track items received this fiscal year but not paid for until after July 1 in the next fiscal year.
The track accounts payable flag in USASDAT/USACON should be set to “Y” if you are using APE
Enter “Received Date” when invoicingWill default to invoice date if not entered
PAYABL report is usually run during the month of August
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Accounts Payable Tracking in Accounts Payable Tracking in USASWebUSASWeb
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Month-end ClosingMonth-end Closing
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Month-end ClosingMonth-end Closing
Follow normal process of closing out for the month◦ After all transactions have been entered, reconcile
USAS with the bank◦ BALCHK totals should be in balance
Ensures all underlying accounts are in balance with the associated cash account
◦ Current encumbered from BALCHK should balance with PODETL
◦ Cash Reconciliation from USAEMSEDT should balance with FINSUMM
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Month-end ClosingMonth-end Closing◦FINSUMM needs to balance with FINDET
Figures are coming from 2 completely different areas FINSUMM pulls amounts from the account file FINDET pulls amounts from the detailed transaction
files
If the 2 do not balance, means something did not get completely updated during processing
◦Run SM2 CALC option if tracking SM2 figures Review report for accuracy Optional – also runs automatically as part of
ADJUST
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Month-end ClosingMonth-end Closing
◦ Generate any month-end reports desired◦ Minimum reports recommended are:
BUDSUM, APPSUM, and REVSUM Detailed PODETL FINSUMM & FINDET RECLED Detailed CHEKPY Cash Reconciliation (USAEMSEDT)
◦ May be generated via MONTHLYCD Generates standard set of monthly reports Can be made available via secure web site Can be archived to CDRom
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Fiscal Year-end ClosingFiscal Year-end Closing
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June 2013
Fiscal Year-end ClosingFiscal Year-end Closing
Complete rest of USAEMSEDT options◦Each option must at least be entered
and exited even if there is nothing to enter
◦Each data entry option has the ability to generate a report Can be very useful to generate the report to
see what has been carried over from the prior year for each option
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USAEMSEDT ProcessingUSAEMSEDT Processing*** Main Menu ***
1 - Cash Reconciliation 2 - Federal Assistance Programs - Summary 3 - Federal Assistance Programs - Detail 4 - Civil Proceedings 5 - Exit Program
***System Manager Only*** 6 - Change flags
Enter option < 5>: _
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Option 1 - Cash Option 1 - Cash ReconciliationReconciliation
Enter all Bank and ending balances
Enter any deposits in transit
Enter outstanding checks
Enter any adjusting entries
List investments◦ Bonds & notes◦ CD’s◦ Securities◦ Other investments
List cash on hand (ex: petty cash)
Output file = CSHREC.TXT
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Option 1 - Cash Option 1 - Cash ReconciliationReconciliationFigures entered must balance with the
Current Fund Balance as reported on the FINSUMM◦ Not in balance if the following is displayed
when exiting option 1
◦ USAEMS will generate error if not in balance
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Total entered in option 1Total entered in option 1
Total on the account fileTotal on the account file
Option 2 – Summary Federal Option 2 – Summary Federal Assistance ProgramsAssistance Programs
FEDSUM.TXT Federal Assistance Summary Asks the following information:
Source Document – FINSUMM for federal funds only, plus any other federal assistance received
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Option 3 – Detail Federal Option 3 – Detail Federal Assistance ProgramsAssistance Programs
FEDDET.TXTContains an initialization option
◦ Deletes prior year information for 5xx funds◦ Creates new records based on current year
figures found on the account file for 5xx funds◦ CFDA # for each record created will need to be
entered◦ Records for any funds other than 5xx will also
need to be manually entered or updated
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Option 3 – Detail Federal Option 3 – Detail Federal Assistance ProgramsAssistance ProgramsSuggested Source Documents
◦ODE Web site summary report of amount of Federal Contributions received from ODE
◦CFDA #’s are listed on the printout from the ODE website and are in AOS USAS Manual
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Option 4 – Civil Option 4 – Civil ProceedingsProceedings
CVLPRC.TXT
Enter data for any law suits during reporting period
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USAEMSUSAEMS
◦Extracts data from the USAEMSEDT and USAEMSDB programs and stores it in a flat-file layout that can be loaded into EMIS-R
Will check that all necessary funds are coded with a valid EMIS Fund Category
Checks that Cash Reconciliation balances Output data will be stored on a
USAEMS_EMISR.SEQ file Fiscal agents for ITC’s… waiting to hear back
from ODE regarding possible changes…
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USAEMSUSAEMS
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USAEMS - Extract financial data into EMIS-R detail file format.
Are you extracting for an Information Technology Center? (Y,N,?) <N> _ District IRN: 999999District Name: SAMPLEVILLE SCHOOLS
Is this correct? (Y,N,?) <Y> _ Enter Fiscal Year: <2013> ____ Continue, Re-enter, or Exit? (C,R,E,?) <C> _ Processing, please wait!
EMIS-R output file is USAEMS_EMISR.SEQ
Processing Completed!
USASAUDUSASAUD
Run the USAS Auditor Extraction program◦ Extracts information from the account, vendor, check,
and receipt data files for auditing purposes Creates ACCTAUD.SEQ, VENDAUD.SEQ, & TRANAUD.SEQ files Also creates FINSUMM report by fund
◦ Answer “Y” to “Send data to AOS now”; Sends above files electronically to AOS via email
◦ Also creates ACCTAUD, VENDAUD, TRANAUD text files Details information sent to AOS via the sequential files
◦ Send email to other entities
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USASAUDUSASAUD
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Fiscal Year-end ReportsFiscal Year-end ReportsGenerate all fiscal year end reports:
This is a list of the minimum report listings recommended for retention on a fiscal basis for USAS users:
USARPT/BUDSUM using YTD (or split) Budget Summary – All funds
USARPT/APPSUM using YTD (or split) Appropriation Summary – All funds
USARPT/REVSUM using YTD option Revenue Summary – All funds
Detailed PODETL – Purchase Order Detail Report for Outstanding PO
FINSUMM and FINDET reports RECLED Reports – all funds, all options Detailed Check Register for the Month Cash Reconciliation Report using the cash rec (option 1) of the
USAEMSEDT.41
Fiscal Year EndFiscal Year EndOnce USAEMSEDT and USAEMSDB data
is entered and verified, run USAEMS
USAEMS must be run before you ADJUST
Email NCC when routine is completed◦Wait for verification before continuing
◦Don’ forget – you will need upload the USAEMS file into the EMIS-R Data Collector (cover in post processing)
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ADJUST ProcessingADJUST ProcessingBefore you run ADJUST
No other programs should be running and all users should be logged off the system or at a menu prompt
Do not run in backgroundMYUSERS will display users in USAS
and USASWeb
Run ADJUST twiceMonth Ending JuneYear End(choose F for fiscal year)
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ADJUSTADJUSTWhat routines run during adjust?
Fiscweb Monthly Files Copy,Monthly Web Reports Copy -
Wait for email that reports copied before continuing
Month-End AdjustUSASAUD CompletesFiscal Files Copy into History
Email NCC when this completesWait until you receive acknowledgement from
financial before continuing
FISCAL CD CopyWait for email that reports copied before
continuing
◦Fiscal Year End Adjust44
Fiscal Yearend ADJUSTFiscal Yearend ADJUSTAccounts
◦ Amounts moved to USAHIST file◦ Current fund balance moved to July 1st Cash Balance◦ Future Year Encumbered added to Future
Encumbered then cleared◦ Future Year Requisitioned added to Requisitioned Amt
then cleared◦ Next Year Proposed moved to Initial Budget/Rev. and
then cleared◦ Current encumbrances moved to Carryover
Encumbrances◦ Fiscal-to-date amounts cleared◦ Calculated fields recalculated◦ GAAP Original fields set to new expendable/receivable
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Fiscal Yearend ADJUSTFiscal Yearend ADJUST
Vendors◦ Fiscal-to-date amount cleared
USASDAT/USACON◦ Current Fiscal Year updated◦ SM2/ADJUST monthly access flags cleared◦ IF you have run SM2CALC prior to running
ADJUST, and changes are made, be sure to re-calculate so that the correct amounts are on the Web Reports. Once the calculate option is run, Adjust will not re-calculate the SM2
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Post-Closing ProceduresPost-Closing Procedures
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EMIS-REMIS-R
The financial data submission process will be done through EMIS-R and will be under district control rather than ITC control. An authorized person in the district (EMIS Coordinator, Treasurer, etc.) will need to upload the flat file, run the data collection process, and submit the data to ODE.
Must be sent to ODE before period 13H closes
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Capital AssetsCapital Assets
Compile your capital assets information◦ EIS DISTRICTS
Follow the “EIS Closing Procedures” handout through running EISEMS and uploading the data into EMIS-R
◦ NON-EIS DISTRICTS Enter your capital asset information into EMIS-FFE and upload
file to EMIS-R https://ssdt.esu.k12.oh.us/emisffe/ffeUser/login
Must be to ODE before 13H period closes
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Not using EIS (Inventory)Not using EIS (Inventory) For districts who DO NOT use EIS for their capital
assets, information will be entered into EMISFFE (EMIS Flat File Editor)
Please refer to the “Capital Asset Reporting for Non-EIS Districts” handout for more information
Procedure ◦ Add new capital assets records◦ Export your data file and upload into the Data Collection◦ Process and Submit for EMIS
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GAAP ConversionGAAP Conversion
Run USAEXP/GAAP_EXP option to create necessary files for GAAP reporting◦ Can be run either before or after closing
out
◦ Creates file (GAAPEXP.TXT) to be uploaded into WebGAAP
◦ Emails GAAPEXP.TXT to specified email address for uploading into WebGAAP
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USAEXP/GAAP_EXPUSAEXP/GAAP_EXP
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Access to Web-GAAP Access to Web-GAAP (handout)(handout)Notify fiscal support to set up
district or auditor access◦Access now assigned by FISCAL YEAR
Update (9 month) or Read-Only Access
◦Auditor must currently have AOS account for us to assign access to your district files. If they do not currently have an account: AOS staff will need to contact AOS Independent Auditor – Notify NCC to have
SSDT create an account
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WEB – GAAP Cash Legacy Reports
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•Legacy Cash Reports
To Create Reports :•Contact NCC to obtain Web-GAAP account •Reference Legacy Reports on Web Documents•Run USAEXP Data Export and load into Web-GAAP•Documentation on GAAP WIKI
WEBGAAPWEBGAAP
GAAP URL
https://gasb34sys.auditor.state.oh.us/gaap
GAAP Wiki
http://gaapwiki.oecn.k12.oh.us/index.php?title=Main_Page
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