[CAFR-Contacts-News] Backdating Balanced Transfers in Month 13

[ROSS Kathryn * SCD SARS]

Good Afternoon CAFR Accountants,

 

Reminder: Please do not backdate interagency Balanced Transactions (BTs)
during Month 13. Interagency transfers impact cash at Treasury, which
can cause reconciling problems for the receiving agency and result in
audit comments or findings. The effective date for both sides of this
transaction type should always be equal to the current system date.

 

An adjustment affecting cash is acceptable in Month 13 only if all of
the following conditions are met:

 

*       The adjustment affects D23 funds within the same agency;

 

*       The affected D23 funds are in the same GAAP fund; and

 

*       The affected D23 funds are tied to the same Treasury Fund.

Accruals may be necessary to accurately reflect FY2009 activity. 

For more information on T-codes that should not be used during Month 13,
please refer to the Agency Guide to Year End Closing, Chapter D, Section
D.2 at http://www.oregon.gov/DAS/SCD/SARS/docs/YEC_Manual.pdf.

Another helpful resource is the SFMS Desk Manual: Central Processing
Cent. 4 at
http://egov.oregon.gov/DAS/SCD/SFMS/docs/publications/desk_manual/cent4.
pdf.

Thanks,

Kathy

Kathryn Ross

Statewide Accounting & Reporting Manager

Oregon State Controller's Division

155 Cottage Street NE, U-50

Salem, OR 97301

Phone:  (503) 373-7277, ext 253

Fax:  (503) 378-3514

http://oregon.gov/DAS/SCD/SARS

 

 

 

 

 

 

 

 

 

 

 

 

Kathryn Ross

Statewide Accounting & Reporting Manager

Oregon State Controller's Division

155 Cottage Street NE, U-50

Salem, OR 97301

Phone:  (503) 373-7277, ext 253

Fax:  (503) 378-3514

http://oregon.gov/DAS/SCD/SARS

 

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