Introduction |
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Significant Changes |
i |
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Other Changes/Updates for 2008-2009 |
v |
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Overview |
ix |
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Outline for Comprehensive Annual Financial Report (CAFR) |
xii |
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Section I: General Compliance |
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Chapter 1 - Appointment, Scope and Declaration |
I-1.1 |
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Chapter 2 - Meetings and Minutes |
I-2.1 |
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Chapter 3 - ASSA & DRTRS |
I-3.1 |
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Chapter 4 - Budget & Transfers |
I-4.1 |
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Chapter 5 - Bids & Contracts/Purchasing |
I-5.1 |
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Chapter 6 - Chart of Accounts/Expenditure Classification |
I-6.1 |
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Chapter 7 – Reserved |
I-7.1 |
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Chapter 8 - Year End Procedures - Closing Out for GAAP |
I-8.1 |
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Section II: Specific Compliance |
II-i |
Governmental Funds |
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General Fund |
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Fund 10 (General Fund): |
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Board Secretary and Treasurer Reports |
II-10.1 |
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Cash Reconciliation |
II-10.1 |
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Petty Cash Funds |
II-10.1 |
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SAS #70 Reports |
II-10.2 |
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Third Party Disbursements |
II-10.2 |
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Investments |
II-10.2 |
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Revenues and Receipts |
II-10.3 |
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Extraordinary Aid |
II-10.4 |
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District Taxes |
II-10.4 |
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Tuition (N.J.A.C. 6A:23-3) |
II-10.5 |
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Reporting On-Behalf Payments |
II-10.6 |
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Compensation Reporting |
II-10.6 |
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Pensionable Wages |
II-10.7 |
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Refunds |
II-10.8 |
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Telecommunications Act of 1996 (E-rate) |
II-10.8 |
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Cancellations |
II-10.8 |
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Travel Expenditures |
II-10.8 |
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Health Insurance Policies |
II-10.12 |
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Sale and Lease-back Contracts |
II-10.13 |
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Required Maintenance |
II-10.14 |
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Schedule of Required Maintenance Expenditures |
II-10.14 |
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Restricted Appropriations/Balances |
II-10.14 |
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Capital Reserve Account - General Fund |
II-10.16 |
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Excess Surplus |
II-10.18 |
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Fund Balance Classifications |
II-10.22 |
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Fund 20 (Special Revenue Fund): |
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TPAF Reimbursement |
II-20.1 |
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Preschool Education Aid |
II-20.11 |
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Preparing the Preschool Education Restricted Aid Schedule |
II-20.11 |
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Capital Projects, Debt Service, & Permanent Funds |
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Fund 30 (Capital Projects Fund): |
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Bond and Note Authorizations |
II-30.1 |
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General Borrowing Authority |
II-30.1 |
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Bond Sales and Capital Projects Fund Activities |
II-30.3 |
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Capital Project Approval under EFCFA |
II-30.3 |
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Unexpended Bond Proceeds |
II-30.4 |
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Unexpended Project Funds - Other Funding Sources |
II-30.4 |
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School Construction Corporation (SDA) Grants under EFCFA |
II-30.5 |
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Overexpenditures |
II-30.5 |
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Rebatable Arbitrage |
II-30.6 |
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Secondary Market Disclosure |
II-30.6 |
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Lease Purchase Agreements |
II-30.6 |
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Financial Reporting |
II-30.7 |
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Fund 40 (Debt Service Fund): |
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District Taxes |
II-40.1 |
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Debt Service Aid |
II-40.1 |
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Reporting |
II-40.1 |
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Budget Transfers |
II-40.1 |
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Fund 50 (Permanent Fund): |
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GASB 34 Model for Permanent Funds |
II-50.1 |
Proprietary & Fiduciary Funds/Capital Assets & Long-Term Debt |
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Fund 60 (Proprietary Fund): |
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Proprietary Funds |
II-60.1 |
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Food Service - Enterprise Fund |
II-60.1 |
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SAS #70 Reports |
II-60.3 |
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Sample Food Service Invoices and Allocations |
II-60.4 |
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Child Nutrition Program Requirements |
II-60.9 |
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National School Lunch Rate Schedule |
II-60.15 |
Internal Service, Trust, and Agency Funds/Capital Assets & Long-Term Debt |
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Fund 70 (Internal Service Funds): |
II-70.1 |
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Fund 80 (Trust Funds): |
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Trust Fund Reporting |
II-80.1 |
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Unemployment Trust Fund |
II-80.1 |
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Section 457 Deferred Compensation Plan |
II-80.2 |
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Fund 90 (Agency Fund): |
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Agency Funds |
II-90.1 |
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Student Activity |
II-90.1 |
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Organizations Under the Auspices of the School |
II-90.1 |
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Fund Raising in Schools by Outside Organizations |
II-90.2 |
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Funds of Teacher Organizations and Parent/Teacher Organizations |
II-90.2 |
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Funds Collected by Teachers from Pupils for Immediate Purchase of Items |
II-90.2 |
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Capital Assets |
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Overview |
II-CA.1 |
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Reporting on Capital Assets |
II-CA.1 |
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Capital Leases |
II-CA.2 |
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Construction In Progress |
II-CA.2 |
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Reporting Capital Assets Acquired Through Non-cash Grants |
II-CA.2 |
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Sample Format - Capital Asset Subsidiary Ledger |
II-CA.2 |
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Depreciation Expense |
II-CA.3 |
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Long-Term Liabilities |
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Overview |
II-LT.1 |
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Compensated Absences |
II-LT.1 |
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Other Postemployment Benefits (OPEB) |
II-LT.2 |
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Early Retirement Incentive Program |
II-LT.2 |
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Termination Benefits |
II-LT.3 |
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Arbitrage Requirements |
II-LT.3 |
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SINGLE AUDIT: |
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Federal and State Audit Requirements |
II-SA.1 |
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Risk Based Approach |
II-SA.2 |
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Schedule of Expenditures of Federal Awards and State Financial Assistance |
II-SA.4 |
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Preparing the Schedule of Expenditures of Federal Awards and State |
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Financial Assistance |
II-SA.5 |
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Federal (CFDA) Numbers |
II-SA.10 |
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State Grant Account Numbers |
II-SA.12 |
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Sample Schedule A (Federal Award) |
II-SA.14 |
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Sample Schedule B (State Financial Assistance) |
II-SA.15 |
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Sample Schedules of Findings and Questioned Costs |
II-SA.16 |
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Sample Summary Schedule of Prior Audit Findings |
II-SA.21 |
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Federal OMB Circular No A-133 - Refer to Circular on web site |
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http://www.omb.gov |
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State Circular Letter No. 04-04-OMB - Refer to Circular at the NJOMB web site http://www.state.nj.us/treasury/omb/ |
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Section III: Reporting |
Chapters 1 - 3 |
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Chapter 1 - Audit Criterion and Submission |
III-1.1 |
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Chapter 2 - Sample Opinion Reports |
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Directives for Auditor's Reports |
III-2.1 |
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Component Units |
III-2.1 |
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Independent Auditor's Report |
III-2.3 |
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Report on Internal Control over Financial Reporting and on Compliance and on Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards |
III-2.5 |
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Report on Compliance with Requirements Applicable to Each Major Program |
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and on Internal Control over Compliance in Accordance with OMB |
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Circular A-133 and New Jersey OMB Circular 04-04 |
III-2.7 |
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Chapter 3 - Note Disclosures and Statistical Section |
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Sample Notes for Schedules of Expenditures of Awards and Financial Assistance |
III-3.2 |
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Financial Statement Disclosures - Overview and Sample Notes |
III-3.4 |
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GASB 34 Model Illustration of Reconciliation - Notes to Required Supplementary Information |
III-3.6 |
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Statistical Section |
III-3.11 |
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Outline of NJ Statistical Section (GASB 44) |
III-3.12 |
Chapters 4 & 5 |
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Chapter 4 - Auditor's Management Report (AMR) |
III-4.1 |
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Schedule of Audited Enrollments (ASSA) |
III-4.22 |
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Chapter 5 - Audit Summary Worksheet Diskette |
III-5.1 |
Chapters 6 & 7 |
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Chapter 6 - Audit Checklist & Questionnaire |
III-6.1 |
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Chapter 7 - Synopsis and Corrective Action Plan |
III-7.1 |
Chapter 8 - Quality Assessment Review Checklist |
III-8.1 |
