FMIS R*STARS Closing Fiscal Year 2015 Comptroller of Maryland Peter Franchot.
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FMIS R*STARS Closing Fiscal Year 2015 Comptroller of Maryland Peter Franchot
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Transcript of FMIS R*STARS Closing Fiscal Year 2015 Comptroller of Maryland Peter Franchot.
- Slide 1
- Slide 2
- FMIS R*STARS Closing Fiscal Year 2015 Comptroller of Maryland Peter Franchot
- Slide 3
- Deadline Dates Payroll accrual May 29 Budget amendments June 15 Cash/adjusting transactions July 15 / 24 Close August 3
- Slide 4
- DBM Requirements Meet with DBM for encumbrance review Pay balance - objects 0152 and 0154 to SERHWBF HGeneral Fund and H Any Special and Higher Education Funds that do not retain funds at YE
- Slide 5
- DBM Requirements (Cont'd) Accrue Objects 0305 & 0322 based on DBM estimates Submit Agency Closing to DBM form
- Slide 6
- R*STARS Closing Checklist
- Slide 7
- IT File No transactions Vouchers payable
- Slide 8
- Budget Amendments Posted DBM Form Must list each BA separately Must provide fund total(s) for each BA Add fund totals for all BA's combined
- Slide 9
- Receivables/Payables Recorded in accordance with policy
- Slide 10
- Appropriations Can revert
- Slide 11
- GAAP Accounts Payable Reported
- Slide 12
- Fund Balances Transaction recorded to transfer funds Legal authority to retain OR
- Slide 13
- Fixed Assets Post all new assets only thru the Fixed Assets Subsystem
- Slide 14
- No Negative Appropriations!
- Slide 15
- Chargeback Clearing/Program 099 Cleared
- Slide 16
- GAAP Trial Balance Reviewed
- Slide 17
- Submitted by Financial Agency
- Slide 18
- FMIS R*STARS Closing End of Part I