KDE Changes Chart of Accounts
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KDE Changes Chart of Accounts KASBO, Spring 2009
description
KDE Changes Chart of Accounts. KASBO, Spring 2009. What did not change. Funds Units Balance Sheet Object Codes Expenditure Objects for 0100s-Salaries and 0200s-Benefits (except for adding 0216 earlier this year and a description change for 0293). - PowerPoint PPT Presentation
Transcript of KDE Changes Chart of Accounts
KDE Changes Chart of AccountsKASBO, Spring 2009
What did not change..
• Funds
• Units
• Balance Sheet Object Codes
• Expenditure Objects for 0100s-Salaries and 0200s-Benefits (except for adding 0216 earlier this year and a description change for 0293)
What type of basic changes will districts see
• Description Changes
• Moves
• Added segments
• Deletions
Highlights• Function– biggest changes are the 2600’s
– Applied the SBDM regulation to the 1100 & 1900 function
• 1100 Function changed to Instruction SBDM
• 1900 Function changed to Other Instruction Non-SBDM (considered board paid)
• Program– Each program level has a board paid program code
– 0910 Food Service changed to 470
Highlights, continued• Expenditure objects with the biggest changes
are:–Most of 0330’s moved to 0340’s
– 0590’s content changed
– 0830’s no longer Interest now Debt-related Expenditures/Expense
– 0900’s no longer Other Uses of Funds now Other Items
• Revenue Objects no longer will have a 2000s of Revenue from Intermediate Sources/None in Kentucky
New Features• Validation Utility for payroll and Chart of
Accounts
• Web based submission of the Tentative Budget
• Interactive COA Web document that will be searchable with descriptions in PDF and also in Excel
• Account definitions
Utilities
• Chart of Account Clean Up Utility
• Chart of Account Change Utility
• GL Account Mass Change
• Account Compliance Utility
(Brian Pelletier, a MUNIS employee is giving a presentation that details each one.)
Once a district’s report is submitted to KDE with the new Chart of Accountstructure, all future reports must also contain the new Chart of Account data.
START DATES & IMPLEMENTATION OPTIONS
REPORTS REPORT DUE DATE
2010-11 Tentative Budget 5/30/10
2009-10 Un Audited AFR 7/25/10
The 2008-2009 Audited AFR (Due November 2009) must be approved by KDE before districts can make changes to their Chart of Accounts.
A District Perspective
Sheila Miller from Owen County
Questions & Answers
Email address: [email protected].
gov
“ORGS”
• ORGS will change
• Stay tuned for presentation at the Fall 2009 KASBO
Change does not change tradition. It strengthens it.
Change is a challenge and an opportunity; not a threat.
--Prince Phillip of England
