Upload
magee
View
28
Download
1
Tags:
Embed Size (px)
DESCRIPTION
The Office of Planning and Budget and The State Accounting Office Presents Balancing BudgetNet to PeopleSoft (Reconciliation). 2008/09 FY. Agenda. Opening/Introductions Session Facilitators Why Are You Here? Tools Needed For Reconciliation Key Concepts for Basic Understanding - PowerPoint PPT Presentation
Citation preview
The Office of Planning and Budget and The State
Accounting Office
Presents
Balancing BudgetNet to PeopleSoft (Reconciliation)
2008/09 FY
I. Opening/Introductions• Session Facilitators• Why Are You Here?• Tools Needed For Reconciliation • Key Concepts for Basic Understanding
II. Taking the Plunge for the 3-Point Reconciliations
• New Policy/Procedure • Flow Diagram• Tools Needed For Reconciliation • Hands-On Session – Interactive
III. Summary and Wrap UpIV. Questions
Agenda
Why Are You Here?• Financial Management Process and
Procedures Project recognized need to develop training at the appropriate levels
• 2007 Audit Report Findings• New policy/procedure on Reconciliation of
BudgetNet to PeopleSoft• To understand what is required of the
agencies in order to be in compliance with procedures relative to program budgeting
Dive Deep into PeopleSoft Budgets
Tools Needed To BeginUser must:• Understand how the Appropriations Bill
translates in PeopleSoft• Understand the underlining concepts of
trees and their structures• Understand the various PeopleSoft Ledgers
(ORG, DeptSum, Class, Revest, Allot, Program)
• Understand how Trees and Ledgers work together
Key Concepts for Basic Understanding
•Appropriations Bill•Understand Trees and their Structures •Ledgers•Knowing the Health of Your System
within the Program Budget Structures•Understand Your Agency’s Business
Processes
Appropriation Bill
High Level Project Focus
Revenue Recognition
Expenditure Control
Reconciliations
Reporting
Appropriations Bill Translated in PeopleSoft HB 990 (FY09)
Program – Maps to KK_Program Tree
Fund Sources – Maps to BCM_FUND_SRC tree
Even though Agency and Other Funds are shown
separately in the Bill, they are mapped to Other
(OTH2) at the FS_TYPE level
Budgetary Compliance -Fund Sources in PeopleSoft
• For Federal Funds (FS_CAT = FED1)– There are 16 detail items in the bill (FS_TYPE)
• For Other Funds (FS_CAT = OTH1)– There are 10 detail items in the bill (FS_TYPE)
CFDA # Name FS_TYPE CFDA # Name FS_TYPE99.999 Federal not specifically ID FED2 93.958 Community Mental Health BG CMHSB93.558 Temporary Assistance BG TANF 93.959 Prev and Treat Subs Abuse BG PTSAB93.667 Social Services BG SSBG 20.205 Federal Highway Admin FHAHP93.575 Child Care and Development BG CCDBG 20.500 Federal Transit Admin FTACI93.658 Foster Care Title IV - E FCIVE 93.767 State Children’s Insurance SCIP93.994 Maternal and Child Health BG MCHSB 93.569 Community Services BG CSBG93.778 Medical Assistance Program MAP 93.568 Low-income Home Energy LIHEA93.991 Preventive Health Services BG PHHSB 93.558 TANF BG Unobligated TANFU
Name FS_TYPE Name FS_TYPEAgency Funds OTH2 Self Insurance Trust Fund SITFPOther Funds OTH2 Health Insurance Payments HIPResearch Funds RESRC Other Intra-State Governmet Transfers OISGPRecord Center Storage Fee RCSF Retirement Payments MSPOAIndigent Care Trust Fund ICTF Medical Services Pay –Other Agencies RP
•Trees are key!
•Know your trees and tree levels
BudgetNet and SAO Peoplesoft Financial Integration - Trees
Tree Chart
Fund Source Agency Agency/SAO Agency
Tree Owner Maintains Definitions
Account SAO SAO Statewide
Fund SAO SAO Statewide
Department Agency Agency/SAO Agency
Program OPB SAO/OPB Statewide
Project Agency Agency/SAO AgencyFund Source Agency Agency/SAO Agency
BudgetNet and SAO Peoplesoft Financial Integration - Trees
Program OPB SAO/OPB Statewide
BudgetNet and SAO Peoplesoft Financial Integration - Trees
•Two trees are critical for BudgetNet to PeopleSoft reconciliations:– Program Tree– Fund Source Trees
Appropriations Bill Translated in PeopleSoft HB 990 (FY09)
Program – Maps to KK_Program Tree
Fund Sources – Maps to BCM_FUND_SRC tree
Even though Agency and Other Funds are shown
separately in the Bill, they are mapped to Other
(OTH2) at the FS_TYPE level
Understanding PeopleSoft Ledgers
CLASSLedger
ORGLedger
DEPTSUMLedger
REVESTLedger
ALLOTMENTLedger
PROGRAMLedger
BudgetNetPeopleSoft
Application Ledgers
AOB/ Amendments
ALLOTMENT
Agency
ORG Ledger- PurposeTracks expenses against budget at the department
(ORG) levelHow it Works
Chartfield How Populated
Budgetary Control
• Account• Fund Code• Department• Program• Class• Project• Funding Source
• Budget Load (BUDJRNLX
Process)• Encumbrance,
Expense Transactions
• Track w/Budget
PeopleSoft Ledgers
DEPTSUM Ledger- PurposeTracks or Controls expenses against budget at the
department summary level by ClassHow it Works
Chartfield How Populated
Budgetary Control
• Fund Code• Department• Program• Class
• Budget Load (BUDJRNLX Process)• Encumbrance,
Expense Transactions
• Track or control at Agency/Business Unit discretion
• All are set as Control
PeopleSoft Ledgers
CLASS Ledger- PurposeTracks or Controls expenses against budget at the
Program level by ClassHow it Works
Chartfield How Populated
Budgetary Control
• Fund Code• Program• Class
• Budget Load (BUDJRNLX
Process)• Encumbrance,
Expense Transactions
• Track or control at Agency/Business Unit discretion
• All are set as Track w/Budget
PeopleSoft Ledgers
REVEST Ledger- PurposeTracks revenue against budget at the department level
How it WorksChartfield How
PopulatedBudgetary
Control• Account• Fund Code• Department• Program• Project• Funding Source
• Budget Load (BUDJRNLX
Process)• Budget Check
Revenue Transactions
• Track w/Budget
PeopleSoft Ledgers
CLASSLedger
ORGLedger
DEPTSUMLedger
REVESTLedger
ALLOTMENTLedger
PROGRAMLedger
BudgetNetPeopleSoft
Application Ledgers
AOB/ Amendments
ALLOTMENT
Approval ofAOB/Amendmenttriggers update
to Program LedgerAgency
PROGRAM Ledger- PurposeTracks expenses against Program/Funding Source
as identified in the Appropriations Act. BudgetNet interface into PeopleSoft is performed
nightly • Compliance with Program budgeting• New Program Chartfield and Program ledger eliminate need for
agencies to account for Program data in other Chartfields• PeopleSoft reporting now possible at Program level• OPB approved AOBs and amendments are in PeopleSoftHow it Works
Chartfield How Populated Budgetary Control
• Program• Fund Source
(FS_TYPE)
• BudgetNet• Encumbrance, Expense
Transactions• Track
w/Budget
PeopleSoft Ledgers
CLASSLedger
ORGLedger
DEPTSUMLedger
REVESTLedger
ALLOTMENTLedger
PROGRAMLedger
BudgetNetPeopleSoft
Application Ledgers
AOB/ Amendments
ALLOTMENT
Agency
Warrant approvaltriggers update to Allotment Ledger
ALLOTMENT Ledger- PurposeTracks expenses against Program/Funding Source as requested
through the Allotment process in BudgetNet. BudgetNet interface into PeopleSoft is performed
nightly.Allotment is the allocation of a portion of budget spending
authorityHow it Works
Chartfield How Populated
Budgetary Control
• Program • Fund Source
(FS_CAT)
• BudgetNet• Encumbrance,
Expense Transactions
• Track Federal and Other Funds
• Track State Funds• Control State Funds
as Agencies roll onto Streamlined Banking
PeopleSoft Ledgers
Maintaining the Health of the Commitment Control Module
Partial Posting of Amendments
• Whenever a partial post situations occurs, ALWAYS email [email protected]
• SAO will post the remainder for you. DO NOT attempt to make any changes on any of the Journals. After we post it for you, corrections can be made by creating a new amendment with reversing entries.
After Posting Budget Journals, always ensure
every Budget Journal posted
Partial post situations causeManagerial ledgers to be
Out of balance
Control Budget Balances Report
Use Control Budget Balances report to identify any ledgers that are out of balance
Navigate: Main Menu >
Commitment Control > Control Budget Balances
Use Control Budget Balances report to identify any ledgers that are out of balance
Input: Business Unit= 46200Budget Year = 2007
Click Run
Click Ok in the
Process Scheduler Request Page
Use Control Budget Balances report to identify any ledgers that are out of balance
Click on the Process Monitor link
Use Control Budget Balances report to identify any ledgers that are out of balance
Use Control Budget Balances report to identify any ledgers that are out of balance
If Run Status = SuccessClick Details link
Use Control Budget Balances report to identify any ledgers that are out of balance
Click on the View Log/Trace link
Use Control Budget Balances report to identify any ledgers that are out of balance
Click on the Trace File link to access the report
The Deptsum Ledger is not in balance with Org, Revest and Class Ledgers. Program Ledger, derived from BudgetNet, is not in balance either. (The Appropriation Ledger is no longer used, and the Allotment Ledger is always a portion of the budget until year end.Contact SAO.
Deptsum Ledger not in balance
with Org, Revest and Class Ledgers
Program Ledger not in balance
NAMING CONVENTIONS ARE CRITICAL
FOR AOB, AMENDMENTS, AND INTERNAL REVISIONS
Purposes Of the Naming Convention
• If you do not follow the naming conventions, many of your budget reports will be incorrect
– The Program Budget Comparison Summary and the Budget Comparison Report group by this naming convention, and populate the AOB column versus the Adjusted AOB column.
– The Amendment Impact report also uses this naming convention to populate each of its columns. If this report is utilized it can help agency reconcile their managerial / operational ledgers to BudgetNet.
Naming Convention for the Amend ID Field
Each Annual Operating Budget (AOB), Amendment, and Internal Revision will be tracked in the PeopleSoft System using the Amend ID field. Agencies must create a unique
Amend ID code for each type and occurrence. Description of
ConventionNaming Convention
Example Comment/Notes
AOB
AOByyyyx
AOB2009 ‘yyyy' is the full year and 'x' is the letter if needed
AOB2009A
AOB2009B
Amendment
Ayyxxx
A09001yy' is the Year and 'xxx' is the
amendment number and letter if needed
A09002
A09003
Internal Revision
IRyyxxx
IR090001‘yy’ is the Year and ‘xxx’ is the
revision number, followed by a letter if needed
IR090002
Plunge Right In – The Waters are N-I-C-E
Three- Point Reconciliations
Policy and Proceduresand
Flow Diagram
Policy/Procedures for Balancing BudgetNet to
PeopleSoft
3 Point Reconciliation must be performed at least quarterly
Suggested the reconciliations be performed after every budget event
Reconciliation Procedures
– Understanding the Overall Business Process Flow of Transactions from both BudgetNet and PeopleSoft is important
– The touch points on the business process flows are important to ensure where reconciliations need to be performed
Appropriation BillSigned by the Governor
Agency EntersAOB/Amendment
in BudgetNet
Agency EntersAOB into PSoft
OPB ApprovesAOB/Amendment
Program Data InBudgteNet
Interfaces toPSoft
Transactions Okay toEncumber Prior toJuly 1st, First Qtr
Allotments availableinto June after Budget
is approved byComptroller
OPB ApprovesAmendments &
ComptrollerIssues Warrant
Request any Program changes needed per Appropriation BillVerify Program changes have been made in PeopleSoft
Verify BCM/ KK Tree Changes have been made in PeopleSoft
Both Activities may bedone concurrently
Allotment Data InBudgteNet
Interfaces toPSoft
PeopleSoftProgram Ledger
PeopleSoftAllotment Ledger
Reconcile BudgetNet toPeopleSoft Program Ledger
Reconcile BudgetNet toPeopleSoft Allotment
Ledger
BudgetNet PeopleSoft
Agency EntersAllotment
Request intoBudgetNet
Reconcile PeopleSoftRevest Ledger to
PeopleSoft Program Ledger
3 Point Reconciliation
BudgetNet and PeopleSoft Process Flow Diagram
Tools Needed For Reconciliations
User must:•be familiar with Excel•have access to BudgetNet
and PeopleSoft applications to run queries and reports, etc.
1. BudgetNet AOB/Amendments to PeopleSoft Program Ledger
2. BudgetNet Allotments to PeopleSoft Allotment Ledger
3. PeopleSoft Financial Revest Ledger to PeopleSoft Program Ledger
PeopleSoft Reconciliations
1st Point Reconciliations – BudgetNet AOB/Amendments to PeopleSoft Program Ledger
Run Reconciliation Reports - PeopleSoft BudgetNet
OBD10 Query using Program Ledger or Program Budget Comparison Summary Report
Report 317 - AOB Amendment All Funds*Report 316 - AOB Amendments Federal and Other** Both reports show approved amendments only
Variance:Variances should only consist of amendments approved in BudgetNet during the day, that have not yet gone through the nightly interface process into PeopleSoft.
2nd Point Reconciliation – BudgetNet Allotments to PeopleSoft Allotment Ledger
Run Reconciliation ReportsPeopleSoft BudgetNet
OBD10 Query using Allotment Ledger
Report 301 - Budget Allocation of Funds Confirmation Report for the last allotment with the status of “Final”This report shows approved warrants only
Variance:Variances should only consist of allotments with warrants approved in BudgetNet during the day, that have not yet gone through the nightly interface process into PeopleSoft.
3rd Point Reconciliation – PeopleSoft Financial Org Budgets to PeopleSoft Program Ledger Budgets
Run Reconciliation ReportsPeopleSoft
Revest Ledger to Program Ledger Balancing Report (New- BDXXX0410 where ‘XXX’ is the Business Unit)•This report displays PROGRAM_BD Ledger data along with REVEST_BD Ledger data, which is summarized to the same level as the Program Ledger. The last column calculates the variance between the two.
Variance:Any variances may require running detail reports in both BudgetNet and PeopleSoft to identify potential adjusting entries.
Questions