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FMIS R*STARS Closing Fiscal Year 2015 Comptroller of Maryland Peter Franchot

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Deadline Dates Payroll accrual May 29 Budget amendments June 15 Cash/adjusting transactions July 15 / 24 Close August 3

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DBM Requirements Meet with DBM for encumbrance review Pay balance - objects 0152 and 0154 to SERHWBF HGeneral Fund and H Any Special and Higher Education Funds that do not retain funds at YE

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

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R*STARS Closing Checklist

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IT File No transactions Vouchers payable

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Budget Amendments Posted DBM Form Must list each BA separately Must provide fund total(s) for each BA Add fund totals for all BA's combined

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Receivables/Payables Recorded in accordance with policy

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Appropriations Can revert

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GAAP Accounts Payable Reported

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Fund Balances Transaction recorded to transfer funds Legal authority to retain OR

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

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No Negative Appropriations!

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Chargeback Clearing/Program 099 Cleared

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GAAP Trial Balance Reviewed

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Submitted by Financial Agency

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FMIS R*STARS Closing End of Part I