DOE A to Z: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #
Print or View the Entire Audit Program
Introduction | |
Significant Changes | i |
Other Changes/Updates for 2011-2012 | ii |
Overview | ix |
Outline for Comprehensive Annual Financial Report (CAFR) | xiii |
Section I: General Compliance | |
Chapter 1 Appointment, Scope and Declaration | I-1.1 |
Chapter 2 Meetings and Minutes | I-2.1 |
Chapter 3 ASSA & SEMI & DRTRS | I-3.1 |
Chapter 4 Budget & Transfers | I-4.1 |
Chapter 5 Bids & Contracts/Purchasing | I-5.1 |
Chapter 6 Chart of Accounts / Expenditure Classification | I-6.1 |
Chapter 7 Reserved | I-7.1 |
Chapter 8 Year End Procedures Closing Out for GAAP | I-8.1 |
Section II: Specific Compliance | II-i |
Governmental Funds | |
Fund 10 (General Fund): | |
Board Secretary and Treasurer Reports | II-10.1 |
Cash Reconciliation | II-10.2 |
Petty Cash Funds | II-10.2 |
Summer Payment Plans | II-10.2 |
SSAE No. 16 Reports | II-10.2 |
Third Party Disbursements | II-10.3 |
Investments | II-10.3 |
Revenues and Receipts | II-10.5 |
Extraordinary Aid | II-10.5 |
District Taxes | II-10.6 |
Tuition (N.J.A.C. 6A:23A-17) | II-10.6 |
Reporting On-Behalf Payments | II-10.8 |
Compensation Reporting | II-10.8 |
Pensionable Wages | II-10.9 |
Refunds | II-10.10 |
Telecommunications Act of 1996 (E-rate) | II-10.10 |
Cancellations | II-10.10 |
Travel Expenditures | II-10.10 |
Health Insurance Policies | II-10.10 |
Sale and Lease-back Contracts | II-10.12 |
Required Maintenance | II-10.12 |
Restricted Appropriations/Balances | II-10.13 |
Capital Reserve Account General Fund | II-10.14 |
Excess Surplus | II-10.17 |
Excess Surplus for Districts Required to Use School-Based Budgeting (SBB) | II-10.21 |
Excess Surplus 6% Calculation Vocational Districts | II-10.26 |
Fund Balance Classifications | II-10.27 |
Deficit Due to Delay of One or More June State Aid Payments | II-10.34 |
Fund 20 (Special Revenue Fund): | |
TPAF Reimbursement | II-20.1 |
TPAF Reimbursement for Districts Required to Use SBB | II-20.1 |
Restricted State Aid | II-20.4 |
ARRA Special Revenue Awards | II-20.4 |
Preschool Education Aid | II-20.4 |
Preparing the Preschool Restricted Aid Schedule | II-20.5 |
Capital Projects, Debt Service, & Permanent Funds: | |
Fund 30 (Capital Projects Fund): | |
Bond and Note Authorizations | II-30.1 |
Bond Anticipation Notes | II-30.1 |
General Borrowing Authority | II-30.1 |
Bond Sales and Capital Projects Fund Activities | II-30.3 |
Capital Project Approval under EFCFA | II-30.4 |
Unexpended Bond Proceeds | II-30.4 |
Unexpended Project Funds Other Funding Sources | II-30.5 |
School Development Authority (SDA) Grants under EFCFA | II-30.5 |
Overexpenditures | II-30.6 |
Rebatable Arbitrage | II-30.6 |
Secondary Market Disclosures | II-30.7 |
Lease Purchase Agreements | II-30.7 |
Financial Reporting | II-30.8 |
Capital Projects Fund Sample Schedules | II-30.10 |
Fund 40 (Debt Service Fund): | |
District Taxes | II-40.1 |
Debt Service Aid | II-40.1 |
Reporting | II-40.1 |
Transfers | II-40.1 |
Rebatable Arbitrage | II-40.2 |
Fund 50 (Permanent Fund) | |
GASB 34 Model for Permanent Funds | .II-50.1 |
Proprietary & Fiduciary Funds: | |
Fund 60 (Proprietary Fund): | |
Enterprise Funds | II-60.1 |
Food Service Enterprise Fund | II-60.1 |
SSAE No. 16 Reports | II-60.3 |
Sample Food Service Invoices and Allocations | II-60.4 |
Child Nutrition Program Requirements | II-60.9 |
National School Lunch Rate Schedule | II-60.15 |
Internal Service, Trust, and Agency Funds/Capital Assets and Long Term Debt: | |
Fund 70 (Internal Service Funds) | II-70.1 |
Self Insurance (Self Financing) | II-70.1 |
Fund 80 (Trust Funds): | |
Trust Fund Reporting | II-80.1 |
Unemployment Trust Fund | II-80.1 |
Section 457 Deferred Compensation Plan | II-80.2 |
Fund 90 (Agency Fund) | |
Payroll Funds | II-90.1 |
Health Insurance Withholding | II-90.1 |
Section 125 Flexible Spending Accounts | II-90.2 |
Student Activity | II-90.2 |
Oganizations Under the Auspices of the School | II-90.1 |
Fund Raising in Schools by Outside Organizations | II-90.3 |
Funds of Teacher Organizations and Parent/Teacher Organizations | II-90.3 |
Funds Collected by Teachers from Pupils for Immediate Purchase of Items | II-90.3 |
Capital Assets | |
Overview | II-CA.1 |
Reporting Capital Assets | II-CA.1 |
Capital Leases | II-CA.2 |
Construction in Progress | II-CA.2 |
Reporting Capital Assets Acquired Through Non-cash Grants | II-CA.2 |
Sample Format Capital Asset Subsidiary Ledger | II-CA.2 |
Depreciation Expense | II-CA.3 |
Long-Term Liabilities | |
Overview | II-LT.1 |
Compensated Absences | II-LT.1 |
Other Postemployment Benefits (OPEB) | II-LT.2 |
Early Retirement Incentive Program | II-LT.2 |
Termination Benefits | II-LT.3 |
Arbitrage Requirements | II-LT.3 |
Single Audit: | |
Federal Audit Requirements | II-SA.1 |
State Audit Requirements | II-SA.3 |
AICPA Single Audit Guidance | II-SA.3 |
Risk Based Approach | II-SA.3 |
Schedules of Expenditures of Federal Awards and State Financial Assistance | II-SA.5 |
Fedral Awards: Carryover/Deferred Revenue/Due to Grantor | II-SA.5 |
Title I-Schoolwide and Blended Resource Requirements | II-SA.7 |
Fund 15 – GAAP Basis Expenditure Testing | II-SA.8 |
Fund 15 – Blended Resource Testing | II-SA.8 |
Fund 15- Budgetary Basis Encumbrance Testing | II-SA.9 |
State Awards: Carryover/Deferred Revenue/Due Back to Grantor | II-SA.10 |
Preparing the Schedules of Expenditures of Federal Awards and State Financial Assistance | II-SA.11 |
Federal (CFDA) Numbers | II-SA.17 |
State Grant Account Numbers | II-SA.20 |
Sample Schedule A (Federal Award) | II-SA.21 |
Sample Schedule B (State Financial Assistance) | II-SA.22 |
Sample Schedules of Findings and Questioned Costs | II-SA.25 |
Sample Summary Schedule of Prior Audit Findings | II-SA.28 |
Federal OMB Circular No. A-133 - Refer to Circular on web site: http://www.whitehouse.gov/sites/default/files/omb/assets/a133/a133_revised_2007.pdf |
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State Circular Letter No. 04-04-OMB Refer to Circular at the NJOMB web site: http://www.state.nj.us/infobank/circular/cir0404b.htm | |
Section III: Reporting | |
Chapters 1-3 | |
Chapter 1 --Audit Criterion and Submission | III-1.1 |
Chapter 2 Sample Opinion Reports | |
Directives for Auditors Reports | III-2.1 |
Component Units | III-2.1 |
Independent Auditors Report | III-2.2 |
Chapter 3 Note Disclosures and Statistical Section | |
Sample Notes for Schedules of Expenditures of Awards and Financial Assistance | III-3.2 |
Financial Statement Disclosures Overview and Sample Notes | III-3.4 |
GASB 34 Model Illustration of Reconciliation - Notes to Required Supplementary Information | III-3.6 |
Statistical Section | III-3.11 |
Outline of NJ Statistical Section (GASB 44) | III-3.12 |
Chapters 4 & 5 | |
Chapter 4 Auditors Management Report (AMR) | III-4.1 |
Schedule of Audited Enrollments (ASSA) | III-4.22 |
Chapter 5 Audit Summary Worksheet | III-5.1 |
Chapters 6 & 7 | |
Chapter 6 Audit Checklist & Questionnaire | III-6.1 |
Chapter 7 Synopsis and Corrective Action Plan | III-7.1 |
Chapter 8 Quality Assessment Review Checklist | III-8.1 |