Comparative Report Advisory Group _____________________________________ October 19, 2012 Page 1.

Slides:

Advertisements

Similar presentations

1 The Comprehensive Annual Financial Report Department of Administration Division of Executive Budget and Finance State Controller’s Office April 2003.

Advertisements

Slide 1 Eurostat Unit B3 – Statistical Information Technology GLC 13 on October 2004 Electronic Data Reporting for European Statistics.

1 The Comprehensive Annual Financial Report Wisconsin Legislative Audit Bureau April 2003.

Local Government Mandate Review _____________________________________ July 30, 2012 Staci Henshaw, CPA, Director Page 1.

Indirect Cost Rate Proposal Region 11 Education Service Center January 28, 2015.

 M EETING A GENDA ◦ Introductions ◦ Review of Section , Florida Statutes ◦ Summary of Activities to Date ◦ Review of Current DRAFT ◦ Unresolved.

Understanding Financial Statements Prepared for Delaware Valley Grantmakers 11/2011 Katherine Reilly, CMA

1 Issues Involving Public Pension Funds: Accounting and Financial Reporting Karl Johnson Project Manager Governmental Accounting Standards Board Norwalk,

Welcome to the Year-End GAAP Reporting Workshop June 9, 2004.

AB 86: Adult Education K-12 Adult Education Expenditure Reporting Survey for Fiscal Year

What do we hope to learn? What are the characteristics of a corporation? What are the four basic financial statements? What information does each statement.

Yearend Reporting Errors to Avoid. SCO Reporting Errors Reporting Errors Identified by the SCO for FY2005/ /0498/0574: Prior year accruals were.

Completing Your Reporting Package and Stand-Alone Financial Statements Presented by Elisa Stilwell Senior Manager - KPMG LLP KPMG LLP.

Chapter 1 Financial Reporting for Governmental and Not-for-Profit Entities.

Financial Accounting: Tools for Business Decision Making

Department of Accounts Financial Statements Directives Training Commonwealth of Virginia Fiscal Fundamentals Department of Accounts.

8 th Annual Managers’ and Law Enforcement Seminar IFTA Funds Netting Information.

NSAA IT Conference Outsourcing Audit Services: Virginia’s Privatization Study _____________________________________ October.

Basic Cost Concepts COST ACCOUNTING Chapter One. LEARNING OBJECTIVES  To understand the meaning of different costing terms  To understand different.

“Keeping your money in your pocket, where it belongs.” Chart of Accounts Update Florida Court Clerks & Comptrollers - New Clerk Academy March 13, 2014.

Water Supply Planning Initiative State Water Commission November 22, 2004.

The What and Why of Fund Accounting May 15, 2014 GFOAz 1.

1 REGIONAL SERVICE PLANNING WEBSITE

The Government and Not-for-Profit Environment

Module #3 Budgeting. What is Budgeting? Budgeting is the process of allocating resources to the prioritized needs of a school district. Budgeting is the.

Chart of Accounts Functional Categories ALASBO Power Lunch February 19, 2008 Presented by Elwin Blackwell, Internal Auditor Department of Education & Early.

School Budget (Draft)

Fiscal Monitoring and Oversight Tecumseh Local School District January 8, 2013 Roger Hardin, Assistant Director Finance Program Services (614)

The GAAP Accounting principles board (APB) was set up accounting principles. Every business enterprise prepares its financial statement in accordance with.

 M EETING A GENDA ◦ Introductions ◦ Review of Section , Florida Statutes ◦ Summary of Activities to Date ◦ Review of First DRAFT ◦ Unresolved Issues.

Sheldon Independent School District Annual Financial and Compliance Audit Board of Trustees Presentation January 19, 2010.

Form 100 LAC* Course Specific Fee Request *Legislative Audit Commission.

Governmental Financial Reporting The Reporting Entity.

UNAUDITED ACTUALS FINANCIAL REPORT Fiscal Year Prepared by: Tim Hern Maria Fong.

New Markets - New Opportunities?. MONEY ADVICE SCOTLAND ANNUAL CONFERENCE Changes in Credit Card Practices Paul McCarron 23 June 2011.

1 Financial Indicator Graphs for the Year Ended December 31, 2010 Prepared by Financial Advisory Services Local Government Services Division.

Gov: OpenUpIowa Design Funding Request IOWAccess Advisory Council Meeting January 9 th, 2008.

C-DERL is an application designed to be a Federal- wide, online repository for data standards, definitions, and context. It was authorized jointly by the.

Thank you to our Major Underwriter.

Spiceland | Thomas | Herrmann Financial Accounting Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without.

Annual Financial and Compliance Audit Board of Trustees Presentation January 18, 2016 Clear Creek Independent School District.

Funding Proposal Basics April Nigh Rotaract Meeting, November 9, 2009.

Audit Responsibilities and Objectives

Estimates Training Financial Analysis & Accountability Branch May 2012.

Prepared for Auditor’s Report to the Board of Education June 30, 2015.

Dream It, Be It MARSHA MCGRATH – REGION CHAIR MICHELLE G. STRAWSER - PRESENTING.

Annual Financial and Compliance Audit Board of Trustees Presentation January 21, 2014 Sheldon Independent School District.

PSYCH 500 Week 3 Individual Outline for week 6 Paper Prepare a two-page outline of your topic of choice for the paper due in Week Six. Your outline should.

ACC 548 Week 4 Individual Assignment Comprehensive Annual Financial Report Presentation To purchase this material click on below link

Cowlitz County, WA Accounting Function Review

Non-Assurance Services

Accounting for Governmental & Nonprofit Entities

Government and Non-Profit Accounting

Chapter 2 State and Local Government Accounting and Financial Reporting Model: The Foundation ACCT 4313 Rahma Alkhuder

Governmental Accounting GOALS

Government and Non-Profit Accounting

Fiscal Monitoring in eGrants Management System (eGMS) July 26, 2018

January 31, 2018 Martha S. Mavredes, CPA Auditor of Public Accounts.

PAFR Popular Annual Financial Report

Unaudited Actuals Financial Report

MODULE 8 Financial Statements Lecturer: Peter Moreira, MBA, CGA.

EPS Chapter Activity Report

County of Riverside Auditor-Controller’s Office

Understanding Principles of Accounting

Introduction to Business Lecture 43

ACCOUNTING: The Language of Business

Unaudited Actuals Financial Report

Virginia Sheriffs’ Institute New Sheriff Orientation

APHA Regional Club Advisory Committee

EPS Student Chapter Activity Report

Presentation transcript:

Comparative Report Advisory Group _____________________________________ October 19, 2012 Page 1

Comparative Report Advisory Group Agenda Introduction Background on Initiative –Governor’s Mandate Task Force –Presentation to Task Force Comparative Report Survey Results Transmittal Data Details –Form 100 Data (Difficulties and Benefits –Use of Automation and Other Best Practices Next Meeting Date Page 2http://

Comparative Report Advisory Group Objectives To promote continuing dialogue among preparers and users of the Comparative Report of Local Government Revenues and Expenditures to determine the following: Possible preparation process improvements by sharing best practices for accumulating the transmittal data by both the APA and the localities. Whether the current data collected and presented is beneficial to users of the report including exploring potential eliminations and additions of data elements. If some elements of the Comparative Report data are available to users from other sources. To provide an opportunity to discuss ways the data in the report is used and how to best promote to other potential users the availability of the data and how it may be beneficial. Page 3http://

Comparative Report Advisory Group Background on Initiative Presentation to Governor’s Task Force Page 4http://

Comparative Report Advisory Group Comparative Report Survey Sent Request to 700 –Localities, School Boards, State Agencies, Local Auditors, Other Users 39 Responses Page 5http://

Comparative Report Advisory Group Survey Results Page 6http://

Comparative Report Advisory Group Survey Results Page 7http://

Comparative Report Advisory Group Survey Results Page 8http://

Comparative Report Advisory Group Survey Results Page 9http://

Comparative Report Advisory Group Survey Results Page 10http://

Comparative Report Advisory Group Page 11http://

Comparative Report Advisory Group Survey Results Are some of the current transmittal data elements available from other sources? Locality CAFR and basic financial statements already prepared in accordance with GAAP Other annual reports submitted to the General Assembly for public School systems Superintendent’s Annual School Report Page 12http://

Comparative Report Advisory Group Survey Results Page 13

Comparative Report Advisory Group Survey Results Most Difficult Part of the Forms to Complete Form 100 (object codes; different category than local accounts; data elements not linked to accts) Balancing/Reconciling to CAFR Forms 300 & 400 when no separate Capital Projects or Debt Service Funds in Financial Report Intergovermental Revenue – detail by function when summarized in CAFR Page 14http://

Comparative Report Advisory Group Discussion –Form 100 Data – difficulties and benefits –Use of Automation –Other Best Practices Page 15http://

Comparative Report Advisory Group Next Meeting Page 16http://