Systemwide Revenue Bonds Terri Williams, Manager, FS / SRB & Capital Projects Alyssa Kanzaki, Accountant, FS / SRB & Capital Projects Chancellor’s Office.

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Presentation transcript:

Systemwide Revenue Bonds Terri Williams, Manager, FS / SRB & Capital Projects Alyssa Kanzaki, Accountant, FS / SRB & Capital Projects Chancellor’s Office April 24, 2015

Learning Objectives Understand the SRB Audit process Differentiate between SRB Legal and GAAP Reporting Review SRB PBCs Clarify CSU Fund 537 April 2015Year-End GAAP Training2

SRB Audit Process SRB starts with Legal Differences between Legal and GAAP Capital Assets/CSU Fund 501 Expenditure vs. Capitalization Debt Auxiliary Lease/Loan Activity April 2015Year-End GAAP Training3

SRB Audit Process Legal to GAAP Reconciliation SRB GAAP to GAAP Comparison April 2015Year-End GAAP Training4

Review PBCs PBC 55 – Investments Legal to GAAP Rollforward (Exhibit 32) PBC 81 – Capital Asset Additions PBC 145 – SRB Liability Leadsheet (Exhibit 45) April 2015Year-End GAAP Training5

PBC 55 – Investments Legal to GAAP Rollforward (Exhibit 32) April 2015Year-End GAAP Training6

PBC 81 – Capital Asset Additions CSU Fund is a new requirement SRB will use to record reclasses between Repair & Maintenance and Construction April 2015Year-End GAAP Training7

PBC 145 – SRB Liability Leadsheet (Exhibit 45) April 2015Year-End GAAP Training8

PBC 145 – SRB Liability Leadsheet (Exhibit 45) PY Reversal should not be included April 2015Year-End GAAP Training9

CSU Fund 537 Now Auxiliary Organization SRB activity only CSU Funds for Non-SRB Auxiliary activity Agency Transactions Non Agency, Non SRB transactions should be reviewed to determine the appropriate CSU Fund (When in doubt, please consult with Chancellor’s Office, Systemwide Financial Standards & Reporting department) April 2015Year-End GAAP Training10

What Will Help Inclusion of Keywords in GAAP Entry description SRB Passdown Reversing vs. Non Reversing Capital Asset/CWIP April 2015Year-End GAAP Training11

SRB Variance Flux Analysis TM1 Q & A Variance Form Chapter 16 – GAAP Manual TM1 SRB Q & A Training Video Resources/training/financial-services- training/Pages/tm1.aspx Resources/training/financial-services- training/Pages/tm1.aspx April 2015Year-End GAAP Training12

SRB Variance Flux Analysis April 2015Year-End GAAP Training13

Key Dates to Remember April 20 – Detail of Transfers sent to campuses August 3 - Fluctuation Analysis available in TM1 August 25 - All PBCs and Flux Analysis due September 8 - Audited PBCs due (revisions only) April 2015Year-End GAAP Training14

April 2015Year-End GAAP Training15

April 2015Year-End GAAP Training16

April 2015Year-End GAAP Training17