Systemwide GAAP Timeline Su Chen, Analyst, Financial Services / SFSR Chancellor’s Office April 24, 2015

Learning Objectives Know the new reporting deliverables and deadlines and changes from previous year. Deliver by key due dates for the following reporting groups: Systemwide Budget Office CSU Consolidated Systemwide Revenue Bonds (SRB stand-alone) NCAA AUP Reporting Able to locate the master timeline for GAAP reporting April 2015Year-End GAAP Training2

New Deliverables and Due Dates Legal to GAAP Ledger Reconciliation Process (by CSU Fund) (Ref No. G-166) 04/30/2015 – To complete the reconciliation for all CSU funds in State Fund Legal to GAAP Data Derivation (Ref No. G-162) 07/20/2015 – GAAP data must be derived by the third business day after legal close. Preliminary GAAP FIRMS submission ( Ref No. G-161 ) 08/26/2015 – To test the quality of FIRMS GAAP Data and to reconcile FIRMS data to TM1 input. April 2015Year-End GAAP Training3

Key Dates: Systemwide Budget Office April 2015 Year-End GAAP Training 4 07/15/2015 to 07/31/2015 – FIRMS Activity Period 07 adjustments (Ref No. B-002) 07/27/2015 to 08/14/2015 – FIRMS Final Budget Submittal (Ref No. B-001) July 2015 SUNMONTUEWEDTHURFRISAT B B-001

Key Dates: CSU Consolidated August 2015 SUNMONTUEWEDTHURFRISAT G G-066 G April 2015 Year-End GAAP Training 5 8/6/2015 – Start of weekly GAAP calls (Ref No. G-051) 8/24/2015 – Submit reporting package version 1 (Ref No. G-066) 8/25/2015 – 1 st day of audit fieldwork (8 campuses) and final PBCs are due ( Ref No. G-069)

Key Dates: CSU Consolidated (continued) April 2015 Year-End GAAP Training 6 9/8/2015 – Submit reporting package version 2 (Ref No. G-081) 9/10/2015 – Submit GAAP Data Integrity Form (Ref No. G-158) 9/18/2015 – Submit audited financial statements and GAAP financial reporting checklists of component units into PBC SharePoint (PBC #18) (Ref No. G-097) 9/23/2015 – Submit FINAL reporting package (Ref No. G-100) September 2015 SUNMONTUEWEDTHURFRISAT G-081 G G G

Key Dates: CSU Consolidated (continued) April 2015Year-End GAAP Training7 10/9/2015 – Notify SFSR for any major subsequent events (Ref No. G-133) 10/15/2015 – CSU to issue audited F/S (Ref No. G-137) October 2015 SUNMONTUEWEDTHURFRISAT G G

Key Dates: SRB Reporting August 2015 SUNMONTUEWEDTHURFRISAT G-150 G April 2015 Year-End GAAP Training 8 8/25/ Submit unaudited SRB required format lead sheets via SharePoint (Ref No. G-150) - Campus to complete TM1Q&A legal fluctuation analysis (Ref No. G-080)

Key Date: NCAA AUP Reporting April 2015Year-End GAAP Training9 January 2016 SUNMONTUEWEDTHURFRISAT G /15/2016 – Submit copy of Agreed-Upon-Procedures issued in compliance with NCAA Rules and Regulations, if applicable (Ref No. G-157)

Master Timeline Location Available in the SFSR website (GAAP drop down menu) April 2015Year-End GAAP Training10

Quiz

Q1. What is the due day of final reporting package? April 2015Year-End GAAP Training12

Q2. What is the date that the CSU will issue audited consolidated financial statements? April 2015Year-End GAAP Training13

April 2015Year-End GAAP Training14