| Legislative
Change (210 kb PDF) |
i |
Other Changes/Updates
for 2003-2004 (210 kb PDF) |
i |
Introduction (210
kb PDF) |
iv |
Outline for
Comprehensive Annual Financial Report (CAFR) (210 kb
PDF) |
vii |
Section
I: General Compliance (538 kb PDF) |
|
Chapter 1 – Appointment, Scope
and Declaration
|
I-1.1 |
|
Chapter 2 – Meetings and Minutes
|
I-2.1 |
|
Chapter 3 – ASSA & 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 (901 kb PDF) |
II-i |
|
Governmental Funds
|
|
Fund 10 (General Fund):
|
|
Board Secretary and Treasurer
Reports
|
II-10.1 |
|
Cash Reconciliation
|
II-10.1 |
|
Petty Cash Funds
|
II-10.1 |
|
SAS #70 Reports
|
II-10.1 |
|
Third Party Disbursements
|
II-10.2 |
|
Investments
|
II-10.2 |
|
Revenues and Receipts
|
II-10.3 |
|
Extraordinary Aid
|
II-10.4 |
|
District Taxes
|
II-10.4 |
|
Tuition (N.J.A.C. 6A:23-3)
|
II-10.5 |
|
Reporting On-Behalf Payments
|
II-10.5 |
|
Refunds
|
II-10.6 |
|
Telecommunications Act of 1996
(E-rate)
|
II-10.6 |
|
Cancellations
|
II-10.6 |
|
Abbott Parity Remedy Aid
|
II-10.6 |
|
Health Insurance Policies
|
II-10.6 |
|
Sale and Lease-back Contracts
|
II-10.8 |
|
Required Maintenance
|
II-10.8 |
|
Schedule of Required Maintenance
Expenditures
|
II-10.9 |
|
Restricted Appropriations/Balances
|
II-10.11 |
|
Capital Reserve Account – General
Fund
|
II-10.12 |
|
Excess Surplus
|
II-10.15 |
|
Fund Balance Classifications
|
II-10.19 |
|
Fund 20 (Special Revenue Fund):
|
|
TPAF Reimbursement
|
II-20.1 |
|
Demonstrably Effective Program
Aid (DEPA)
|
II-20.2 |
|
Preparing the DEPA Restricted
Aid Schedule
|
II-20.4 |
|
Early Childhood Program Aid
|
II-20.12 |
|
Capital Reserve Account Procedures
(ECPA)
|
II-20.12 |
|
Preparing the ECPA Restricted
Aid Schedule
|
II-20.12 |
|
Distance Learning Network Aid
and Instructional Supplement Aid
|
II-20.15 |
|
Preparing the Distance Learning
Network Aid Schedule
|
II-20.15 |
|
Preparing the Instructional
Supplement Aid Schedule
|
II-20.18 |
Section II:
Specific Compliance - Continued (338 kb PDF) |
|
Fund
30 (Capital Projects Fund):
|
|
Bond and Note Authorizations
|
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-30.3 |
|
Unexpended Bond Proceeds
|
II-30.4 |
|
Unexpended Project Funds – Other
Funding Sources
|
II-30.5 |
|
Economic Development Authority
(EDA) Grants under EFCFA
|
II-30.5 |
|
Overexpenditures
|
II-30.6 |
|
Rebatable Arbitrage
|
II-30.6 |
|
Secondary Market Disclosure
|
II-30.7 |
|
Lease Purchase Agreements
|
II-30.7 |
|
Fund 40 (Debt Service Fund):
|
|
District Taxes
|
II-40.1 |
|
Debt Service Aid
|
II-40.1 |
|
Rebatable Arbitrage
|
II-40.1 |
|
Budget Transfers
|
II-40.1 |
|
Permanent Fund
|
|
GASB 34 Model for Permanent
Funds.
|
II-GF-Perm.1 |
|
Proprietary Funds
|
|
Fund 50 (Proprietary Fund):
|
|
Proprietary Funds
|
II-50.1 |
|
Food Service – Enterprise
Fund
|
II-50.1 |
|
SAS #70 Reports
|
II-50.3 |
|
Sample Food Service Invoices
and Allocations
|
II-50.4 |
|
Child Nutrition Program Requirements
|
II-50.9 |
|
National School Lunch Rate Schedule
|
II-50.13 |
|
Internal Service Funds
|
II-50.14 |
|
Fiduciary Funds
|
|
Fund 60 (Fiduciary Fund):
|
|
Trust Fund Reporting
|
II-60.1 |
|
Unemployment Trust Fund
|
II-60.1 |
|
Agency Funds
|
II-60.2 |
|
Student Activity
|
II-60.2 |
|
Organizations Under the Auspices
of the School
|
II-60.2 |
|
Fund Raising in Schools by Outside
Organizations
|
II-60.3 |
|
Funds of Teacher Organizations
and Parent/Teacher Organizations
|
II-60.4 |
Funds Collected by Teachers
from
Pupils for Immediate Purchase of Items
|
II-60.4 |
|
Capital Assets
|
|
Overview
|
II-CA.1 |
|
Reporting Capital Assets
|
II-CA.1 |
|
Capital Leases
|
II-CA.1 |
|
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.2 |
|
Long-Term Liabilities
|
|
Overview
|
II-LT.1 |
|
Compensated Absences
|
II-LT.1 |
|
Early Retirement Incentive Program
|
II-LT.2 |
|
Arbitrage Requirements
|
II-LT.3 |
|
Single Audit (307
kb PDF):
|
|
Federal and State Audit Requirements
|
II-SA.1 |
|
Notes Regarding the Schedule of
Expenditures of Federal Awards and State Financial Assistance
|
II-SA.2 |
|
Preparing the Schedules of Expenditures
of Federal Awards and State Financial Assistance
|
II-SA.4 |
|
Federal (CFDA) Numbers
|
II-SA.8 |
|
State Grant Account Numbers
|
II-SA.10 |
|
Sample Schedule
A (Federal Award)
|
II-SA.12 |
|
Sample Schedule
B (State Financial Assistance)
|
II-SA.13 |
|
Sample Schedules of Findings and
Questioned Costs
|
II-SA.14 |
|
Sample Summary Schedule of Prior
Audit Findings
|
II-SA.19 |
Federal OMB Circular No. A-133 -
Refer
to Circular on web site http://www.omb.gov
|
State Circular Letter No.
04-04-OMB –
Refer to Circular which can be access at
the NJOMB web site
http://www.state.nj.us/treasury/omb/
|
Section III:
Reporting (360 kb PDF) |
|
Chapter 1 -- Audit Criterion
and Submission
|
III-1.1 |
|
Chapter 2 – Sample Opinion
Reports
|
|
Directives for Auditor’s
Reports
|
III-2.1 |
|
Component Units
|
III-2.1 |
|
Independent Auditor’s Report
|
III-2.2 |
Report on Compliance and on Internal
Control Over Financial Reporting Based on an Audit of
Financial
Statements Performed in Accordance with Government Auditing
Standards
|
III-2.5 |
Report on Compliance with Requirements
Applicable to Each Major Program and on Internal
Control
over Compliance in Accordance With OMB Circular A-133 and
New
Jersey OMB OMB Circular 04-04
|
III-2.7 |
|
Chapter 3 – Note Disclosures
|
|
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 |
|
Chapter 4 – Auditor’s
Management Report (AMR)
|
III-4.1 |
|
Chapter 5 – Audit Summary Worksheet
Diskette
|
III-5.1 |
|
Chapter 6 – Audit Checklist & Questionnaire
|
III-6.1 |
|
Chapter 7 – Synopsis and Corrective
Action Plan
- Revised November 2004
|
III-7.1 |
|
Chapter 8 – Quality Assessment
Review Checklist
|
III-8.1 |
