Some Key Accounting Dates

Description

Date

Year-End Closing Schedule distributed to agencies

June 1, 2009

Deadline for agencies to submit information on contact person for GAAP closing packages to Statewide Financial Reporting

June 5, 2009

Preliminary Chart of Accounts distributed to agencies

June 12, 2009

GAAP forms and updated manuals for agencies that prepare closing packages and for agencies that submit audited financial statements are made available at http:www.cg.sc.gov

June 12, 2009

Agencies that have problems accessing closing package forms or GAAP manuals should call John Morgan at 734-2608

June 30, 2009

Deadline for completed Master Closing Package forms to be received by Statewide Financial Reporting

July 15, 2009
5:00 PM

Last day to accept FM13 Disbursement Vouchers, IDT's and Journal Vouchers

July 16, 2009

Date appropriations with no carry-forward provisions will lapse

July 31, 2009

Deadline for completed forms for the following closing packages to be received by Statewide Financial Reporting:

  1. Cash and Investments
  2. Compensated Absences 
  3. Litigation
  4. Grant Disallowances
  5. Loans Receivable

July 31, 2009
5:00 PM

Date FM13 STARS Reports will be distributed

August 7, 2009

Date FM01 STARS Reports will be distributed 

August 10, 2009

Release of Fiscal Year 2008 - 2009 End of Year Financial Information

To Be Determined

Deadline for completed forms for the following closing packages to be received by Statewide Financial Reporting: 

  1. Miscellaneous Revenues
  2. Inventory 
  3. Miscellaneous Loss Liabilities, Loss Contingencies, and Commitments Closing Package 
  4. Claims

August 14, 2009

5:00 PM

Deadline for completed forms for the following closing packages to be received by Statewide Financial Reporting:

  1. Tax Revenues
  2. Refunds Receivables
  3. Operating Leases
  4. Operating Leases-Lessor 

August 31, 2009
5:00 PM

Deadline to submit data for the Travel Report

September 4, 2009

Deadline for completed forms for the following closing packages to be received by Statewide Financial Reporting:

  1. Accounts Payable
  2. Interfund Payables

September 10, 2009
5:00 PM

Audit Verifications for local governments provided to accounting firms

September 11, 2009

Deadline for completed forms for the following closing packages to be received by Statewide Financial Reporting: 

  1. Capital Assets Overview

September 15, 2009
5:00 PM 

 

Deadline for completed forms for the following closing packages to be received by Statewide Financial Reporting:

  1. Grant/Contribution Revenues
  2. Capital Assets and Accumulated Depreciation
  3. Capital Assets Additions
  4. Capital Assets Intra-State Transfers

September 18, 2009
5:00 PM

Policies and Procedures (STARS) Manual revisions made available at http:www.cg.sc.gov

September 30, 2009

Deadline for Higher Education institutions to submit data for the Dual Employment Report

October 2, 2009