FMIS

FMISR*STARS ClosingFiscal Year 2014Comptroller of MarylandPeter Franchot

Deadline DatesPayroll accrual May 31Budget amendments June 13Cash/adjusting transactions July 15 / 25Close August 1

DBM RequirementsMeet with DBM for encumbrance reviewPay balance - objects 0152 and 0154 to SERHWBFGeneral Fund and Any Special and Higher Education Funds that do not retain funds at YE

DBM Requirements (Cont'd)Accrue Objects 0305 & 0322 based on DBM estimatesSubmit Agency Closing to DBM form

R*STARS Closing Checklist

IT FileNo transactionsVouchers payable

Budget Amendments PostedDBM FormMust list each BA separatelyMust provide fund total(s) for each BA Add fund totals for all BA's combined

Receivables/PayablesRecorded in accordance with policy

Appropriations Can revert

GAAP Accounts Payable Reported

Fund BalancesTransaction recorded to transfer funds Legal authority to retain

OR

Fixed Assets Post all new assets only thru the Fixed Assets Subsystem

No Negative Appropriations!

Chargeback Clearing/Program 099 Cleared

GAAP Trial Balance Reviewed

Submitted by Financial Agency

FMISR*STARS Closing

End of Part I