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Modified over 2 years ago
FMIS R*STARS Closing Fiscal Year 2015 Comptroller of Maryland Peter Franchot
Deadline Dates Payroll accrual – May 29 Budget amendments – June 15 Cash/adjusting transactions – July 15 / 24 Close – August 3
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
DBM Requirements (Cont'd) Accrue Objects 0305 & 0322 based on DBM estimates Submit Agency Closing to DBM form
R*STARS Closing Checklist
IT File No transactions Vouchers payable
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
Receivables/Payables Recorded in accordance with policy
Appropriations Can revert
GAAP Accounts Payable Reported
Fund Balances Transaction recorded to transfer funds Legal authority to retain OR
Fixed Assets Post all new assets only thru the Fixed Assets Subsystem
No Negative Appropriations!
Chargeback Clearing/Program 099 Cleared
GAAP Trial Balance Reviewed
Submitted by Financial Agency
FMIS R*STARS Closing End of Part I
FMIS R*STARS Closing Fiscal Year 2015 Part II GAD Form X-18 Submitted by each financial agency (may be at batch agency level) Provides contact information.
FMIS R*STARS Closing Fiscal Year 2013 Part II GAD Form X-18 Submitted by each financial agency (may be at batch agency level) Provides contact information.
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