2. FMIS R*STARS Closing Fiscal Year 2015 Comptroller of Maryland Peter Franchot

3. Deadline Dates  Payroll accrual – May 29  Budget amendments – June 15  Cash/adjusting transactions – July 15 / 24  Close – August 3

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

5. DBM Requirements (Cont'd) Accrue Objects 0305 & 0322 based on DBM estimates Submit Agency Closing to DBM form

6. R*STARS Closing Checklist

7. IT File  No transactions  Vouchers payable

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

9. Receivables/Payables  Recorded in accordance with policy

10. Appropriations  Can revert

11. GAAP Accounts Payable  Reported

12. Fund Balances  Transaction recorded to transfer funds  Legal authority to retain OR

13. Fixed Assets  Post all new assets only thru the Fixed Assets Subsystem

14. No Negative Appropriations!

15. Chargeback Clearing/Program 099  Cleared

16. GAAP Trial Balance  Reviewed 

17. Submitted by Financial Agency

18. FMIS R*STARS Closing End of Part I