Required SCO Reports Year End SCO Report Requirements from a CSU Perspective

Agenda  Required SCO Reports  Important Dates for Year End Files and Documents  Report Submission and Compliance  SCO and CSU Contacts and Resources  Discussion and Questions

Required SCO Reports List of Required SCO Reports for Year End  Report 1 - Report of Accruals to Controller’s Accounts  Report 2 - Accrual Worksheet  Report 3 - Adjustments to Controller’s Accounts  Report 4 - Statement of Revenue  Report 5 - Final Reconciliation of Controller’s Accounts with Final Budget Report  Report 7 - Pre-Closing Trial Balances  Report 8 - Post-Closing Trial Balances  Report 9 – Analysis of Change in Fund Balance (Statement of Operations)  Report 14 - Report of Bank/Savings and Loan Association Accounts Outside of the Treasury System  Report 15 - Reconciliation of Agency Accounts with Transactions per State Controller  Report 18 - Statement of Changes in General Fixed Assets  Report 19 - Statement of General Fixed Assets  Report 20 - Statement of Financial Condition  Report 22 - Statement of Contingent Liabilities

Required SCO Reports How Does the CSU meet the SCO’s Year End Report Requirements? –SAM 99 Electronic File  Created in PeopleSoft  FTP’d to the SCO when FIRMS submission is accepted by the CSU CO –Hardcopy Report Package  Created Manually  Templates and Forms are available on line  Mailed or Hand delivered to the SCO

Required SCO Reports SAM 99 File Satisfies these SCO Report Requirements for Governmental Cost Funds & Bond Funds  Report 1 - Report of Accruals to Controller’s Accounts  Report 2 - Accrual Worksheet  Report 4 - Statement of Revenue  Report 5 - Final Reconciliation of Controller’s Accounts with Final Budget Report  Report 7 - Pre-Closing Trial Balance  Report 8 - Post-Closing Trial Balance  Report 9 – Analysis of Change in Fund Balance (Statement of Operations)  Report 15 - Reconciliation of Agency Accounts with Transactions per State Controller  Report 20 - Statement of Financial Condition

Required SCO Reports SAM 99 File Created in PeopleSoft Each Campus has a unique File Name

Required SCO Reports SAM 99 File General Fund should have NO ACCRUALS

Required SCO Reports SAM 99 File General Fund should have NO ACCRUALS Operating Expenditures DR = Fund Balance Clearing CR

Required SCO Reports SAM 99 File FTP’d to Teale Data Center/SCO when FIRMS is accepted by the CSU CO

Required SCO Reports Hard Copy Report Package  Certification Letter  Report Table of Contents  Report 3 - Adjustments to Controller’s Accounts - if needed  Report 14 - Report of Bank/Savings and Loan Association Accounts Outside of the Treasury System  Report 18 - Statement of Changes in General Fixed Assets  Report 19 - Statement of General Fixed Assets  Report 22 - Statement of Contingent Liabilities - if needed For Campuses that have SCO Funds 0890 and 0942  Report 7 - Pre-Closing Trial Balances  same as SAM 7 Pre Close  Report 8 - Post-Closing Trial Balances  same as SAM 7 Post Close  Report 9 - Analysis of Change in Fund Balance (Statement of Operations)  Report 20 - Statement of Financial Condition

Required SCO Reports Report 3 Adjustments to Controller’s Accounts

Required SCO Reports Report 3  If needed, submit on Controller's special computer printout (State Form 576) which is mailed to campuses  A summary statement by appropriation and program must be prepared  The adjustments are to be numbered  These numbers will correspond to an attachment which gives a brief explanation of the reason for each adjustment  This explanation must disclose the reason or nature of the error; not just a restatement of the correction  Do not submit letters to the Controller's Office which have been written about these adjustments

Required SCO Reports Report 14 Report of Bank and/or Savings Accounts Outside of the State Treasury System

Required SCO Reports Report 14  Instructions are included on the form  Include campus agency number and name  Include Zero Balance Accounts  Report 14 is a summary of Reports 14B and 14C which are submitted to the CSU CO  Be sure to include Wells Fargo and Wachovia/Met West Investment accounts  “Authority” Column –Cite the specific State Code or DOF approval date –All citations will be verified/audited –Education Code Section  Most trusts, loan/scholarship program funds, facility use fees, services, etc. –WFB Authority - Title 5 Education Code Section  “Purpose” Column –Provide detailed information to support authority for account –WFB Purpose - Deposit and Disbursement

Required SCO Reports Report 18 Statement of Changes in General Fixed Assets

Required SCO Reports Report 18  A separate report must prepared for each fund  Beginning balances must agree with the previous year's ending balances  A footnote must be provided if an adjustment to the beginning balance is needed, refer to report instructions for further details  Ending asset balances are debit amounts and ending accumulated depreciation amounts are credit balances  Additional information regarding reports 18 and 19 are contained in the Year End Reporting Instructions section 5 part D

Required SCO Reports Report 19 Statement of General Fixed Assets

Required SCO Reports Report 19  Total of all general fixed assets of the agency must be reflected in the report  Ending balance must agree with the total ending balances on Report No. 18  Additional information regarding reports 18 and 19 are contained in the Year End Reporting Instructions section 5 part D

Required SCO Reports Reports 18 and 19 Additional Information Year End Reporting Instructions on CO SFSR Web Site

Required SCO Reports Report 22 Statement of Contingent Liabilities  Campuses must report contingencies for Federal audit exceptions, other audit exceptions and pending litigation  Amounts on this report are not reflected in any general ledger accounts

Required SCO Reports Changes for 06/07  CSU’s First Close under RMP Operations  We remain agencies of the State of California  We must still comply with Year End SCO Report Requirements  RMP’s Impact on SCO Reporting  SAM99 General Fund –There should be No Accruals in the General Fund –Prescribed BBA in 2005, 2004, 2003 as per Year End Checklist  Report 14 Report of Bank/Savings and Loan Association Accounts Outside of the Treasury System –Wells Fargo - Use standard Legal Authority and Purpose –Wachovia/Met West Investment Balances have Increased

Important Dates: SCO to CSU DateFile Mid May 2007Prior Year Accrual Summary Load into PS as soon as it’s available Check “Accr Rev Tape” box on SAM99 Run Control Run SAM99 with “Accr Rev Tape” box checked thru year end June 28, 2007 *June Pay File July 3, 2007 *June SAM99 File July 5, 2007 *June Paid Checks File * Anticipated Dates

Important Dates: CSU to SCO DateFiles/Documents June 15, 2007PFA’s and Claims RECEIVED by the SCO on or before this date will be processed for 06/07

Important Dates: CSU to SCO Year End Reports - SCO Due Dates  July 31, 2007  CSU Perspective SAM99 File  Submit your SAM99 file to the SCO when your FIRMS submission has been accepted by the CSU CO - on or before July 16, 2007 –Electronic Submission of your SAM99 File satisfies most reporting requirements for Governmental Funds –Files are considered “Received” by the SCO when they are readable and able to be downloaded into the SCO’s systems

Important Dates: CSU to SCO Year End Reports - SCO Due Dates  July 31, 2007  CSU Perspective Hardcopy Report Package  Submit your Hardcopy Report Package - before July 31, 2007  Recommended CSU Strategy…  Follow the CSU Year End Check List - Campus Management reviews this information before you submit your FIRMS file to the CO  Assemble the final package and submit shortly thereafter - ahead of SCO deadline

Report Submission SAM99 Electronic Submission FTP Setup - Each campus has its own UserID

Report Submission SAM99 Electronic Submission FTP Setup - Each campus has its own Remote Site Folder

Report Submission SAM99 Electronic Submission FTP Setup - site recfm=fb lrecl=202 blksize=20200 retpd=5

Report Submission SAM99 Electronic Submission When your SAM99 is FTP’d to the SCO/Teale Data Center, notify these individuals/entities via –Rod Renteria  –Esther Setser  –Sandi Rowland  –Martin Raygoza 

Report Submission SAM99 Electronic Submission Your message must include these elements:  Subject must state –SAM99 SUBMISSION FOR AGENCY #### Body of the must include  Agency Name and Number  Campus Contact Name, address and Phone Number  SAM99 File Data –Data File Name  In this format - FISCAL.MMDDYYA.AGYACR  MMDDYY represents the date you are sending the file to the SCO –Proof Total From the SAM99 printed report –Record Count From the SAM99 printed report

Report Submission SAM99 Electronic Submission Example - Notification

Report Submission Hardcopy Report Package Submission to SCO Mail to: State Controller’s Office Division of Accounting and Reporting State Government Reports PO Box Sacramento, CA Hand Deliver to: State Controller’s Office Division of Accounting and Reporting State Government Reporting 3301 C Street, Suite 700 Sacramento, CA

Report Submission Hardcopy Report Package Submission When you prepare your Hardcopy Report Package… Be sure to follow Report Package Guidelines  Report Binding  Table of Contents and Page Numbering  Certification Letter  Font Size  Prescribed presentation of transaction amounts, State GL’s and Debits and Credits

Report Submission Hardcopy Report Package Submission Report Package Guidelines, Detailed Instructions, Checklist, Certification Letter and Table of Contents templates as well as most Report Forms and prototypes can be found at… End.shtml

Compliance  If you cannot comply with due dates, contact: –Martin Raygoza –Sandi Rowland –Sedong John  Revisions to Y/E reports should be submitted by September 28, 2007 –After this date, please contact: –Jocelyn Roubique,  NOTE: Revisions should be sent on a hardcopy Report 1 or Report 3, not a new SAM99

SCO Contacts and Resources  Section Manager –Jocelyn Roubique    Other SCO-CSU Staff –Carlos Diaz, Supervisor   –Sandi Rowland   –Martin Raygoza   –

CSU Contacts and Resources  Chancellor’s Office –Sedong John    SAM99 FTP Issues  Lorissa Cheney –  Jan Earl – –  Finance User Group (FUG) Year End Conference Calls –Every Friday 11:00A to 1:00P Beginning June 1, 2007

Discussion and Questions  Discussion  Questions  Ideas Have a Great Year End!