year end close workshop - sfcontroller.org · city and county of san francisco controller’s...

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Year End Close Workshop

Presented By:Controller’s Office &

Office of Contract AdministrationMay 15, 2017

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Introduction by Controller

Ben RosenfieldController’s Office

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Agenda9:00 Introduction by the Controller

9:05-9:40 Logging Into SF Employee PortalDress RehearsalBlack Out DatesFile Submissions & ConversionsData Validation & General LedgerRole MappingUsing the Incident Command Center

9:40-9:50 Questions

9:50-10:00 Break

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Agenda10:00-11:30 City Preparedness for the New Accounting System

Processing Transactions in Two Accounting SystemsFY 17 Year End CloseDual ProcessingYE Reconciliations, Financial Statements & FY 18 BudgetsGrantsFixed Assets

11:30-11:50 Office of Contract Administration

11:50-12:00 Questions

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Update by F$P

Jack Wood/Julie Ansell

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It’s Official!

We’re Going Live Monday, July 3rd

Logging Into the SF Employee Portal – Get Started

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Be Ready for Go-Live

Verify Your Access

Locate Your Training

Schedule Time for Training

Identify Your Super Users

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Be Ready for Go-Live

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Save Pain at the Finish Line—Verify IAM• New Messaging

Next Week at Navigation Sneak Peek

• Users should verify they can get to Employee Portal

• Super Users have been instructed how to help

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Identity and Access Management (cont.)

• This page is accessed by the Home link on the IAM login page

• Allows you to complete:– Password Changes– Security Questions– Enhanced Protection

Registration

• Close this window when tasks completed

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SF Employee Portal12

• After IAM login, arrive at…

• SF Employee Portal

• Self-servicebegins here

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SF Employee Portal13

Use Work Links to access:

• Learning

• Financials

• Procurement

• Reports & Analytics

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Learning – My Learning Page14

FSP online training will be available in the Learning system

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Online Learning15

• Online Learning tool: UPK (User Productivity Kit)

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Expense Reimbursements16

Expense Reimbursement made available in the SF Employee Portal

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FSP TRAINING ROLL OUT

Key Statistics

4750 50 70 246Internal Users

May 1 - 15 May 15 - 31 June 1 - 15 June 15 - 30 July 1 - 15 July 15 - 31 August 1 - 15 Aug 15 - 31 Sept 1 - 15 Sept 15 - 30

Sneak Peek Sessions

Instructor Led ClassesPrior to Go-Live

E-Learning Courses

Days of Open Lab

E-Learning Courses

Instructor Led Classes

Open Labs

Sneak Peeks Knowledge Base

175Knowledge

Base Articles

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Sneak Peeks

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SF Employee Support Portal

Functional Team

Technical Team

Password Reset

Policy Questions

25,000 Vendors

4750 City Employees

Incidents can be reported via--email--telephone--support ticket

600 Super Users

Tier 2 Issues

Tier 3 Issues

HELP DESK

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Starting June 5 for F$P

Bookmark this Page

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Vendor Portal: sfcitypartner.sfgov.org

Vendor website hits: 70,779

POC Total Updates:8,478

ACH POC Updates:1,813

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ACH/Paymode Vendors • In next phase, we are targeting

Paymode Vendors to update their POC

• Follow up email to ACH Vendors • ACH will take one to two weeks

to conduct the “pre-note process”

• We’ve issued a spreadsheet of ACH Vendors who have not responded to date.

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Additional F$P Topics…

• Expense Reimbursement – Submitters & Approvers

• Critical July payments

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Dress Rehearsal

Jerry Wong

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What’s Dress Rehearsal?

• Dress Rehearsal – a practice of production deployment. • Follow schedule as planned deployment

• Hold checkpoint/status meetings

• Task execution are planned during working hours during the work week where possible

• Task Owners will validate task timings

Practice

Execute

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What to Expect Deployment moves

quickly Your Departmental

Checklist will help ensure success

Flexibility may be required You will not always know

the answer Expect the unexpected! Have fun!!!

We’re Going Live!!!

CommunicationsClear • Honest • Open • Timely

CollaborationAgile • Team Oriented •

Relationship Focused • Helpful

FunHumor • Joy • Balance Minded• Can- Do Attitude • After Hours

PatienceCourtesy • Flexibility

• Perseverance • Compromise

RespectConsideration• Civility • Self-Reliance • Proactive • Polite

Stakeholder DelightExceed Expectations • Seek

Quality • Customer Oriented

Roger that!

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Dress Rehearsal – Pre Cutover Schedule Activities Dates Primary Team Refresh Configuration (FSPRD from FSCFG)

5/3/2017 Tech Team

Functional Team Environment Shakeout

Starting 5/5 Application Team

Early Submission Conversion Files Received

5/11 Conversion and Application Team

Early Submission Conversion FileExecution

5/ 15-17 Conversion and Application Team

eMerge notification to proceed Midday 5/17 Project Leadership, eMerge Team

eMerge Full Sync & Workforce Sync 5/18 – 19,5/22-23

eMerge Team

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Dress Rehearsal - Cutover Schedule Activities Dates Primary Team

Master Data Conversion Files Received 5/15 Conversion and Application Team

Master Data Conversion File Execution 5/19-22 Conversion and Application Team

Transaction Data Conversion Files Received 5/17 Conversion and Application Team

End User Security Load 5/20-23 Security Team

Transaction Data Conversion File Execution 5/23-26 Conversion and Application team

Flashback and Smoke Testing 5/26 Tech Team and Application team

BI Full Sync 5/26 BI Team

“Go-Live Date” 5/30

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Meeting Schedule

• Cutover Command Center – 1155 Market Street (Jack’s Office)– 5/11 through 5/26

• Daily Dress Rehearsal Status Emails are sent to:– Project Leadership– Team Leads– Task Owners

• Deployment Status Meetings 10am – eMerge Check In – PeopleSoft Conversion Updates– Invitation out already– Attendees

• Conversion Departments • F$P Team• AOSD Team• OCA Team• Departments

• Dial In – Web Ex invitation out already

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Dress Rehearsal – File Submission

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Cutover

HaShawn Epps/Keith DeMartini

Blackout Dates

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Blackout DatesTransaction Guidance

FY16-17 System Blackout Starting

at 5pm

Conversion File Submittal

Begin Processing FY 17/18 in F$P

Supplier - New Add new Supplier Entry in FAMIS by end of day 5/19/2017 6/23/2017 7/3/2017Supplier - Existing Make changes to Existing in FAMIS by end of day 5/19/2017 6/23/2017 7/3/2017Supplier Point of Contact Work with your Suppliers to ensure they register

prior to Go Live https://sfcitypartner.sfgov.org 6/16/2017 N/A N/A

12B/14B Certifications All activity will freeze in Elations 6/1/2017 6/23/2017 7/3/2017Requisitions Processed and transitioned to approved POs

before the PO cutoff 6/23/2017 N/A 7/3/2017

Purchase Orders (approved)

Ensure POs are in an approved status before 5pm 6/28/2017 6/28/2017 7/3/2017

Inventory Balances Finalized by end of day 6/28/2017 6/28/2017 7/3/2017Chartfield/Index codes/Projects

Finalized by end of day 5/8/2017 6/9/2017 7/3/2017

Voucher Approval - Final FAMIS cycle

Ensure the Pay date is not greater than 6/30 and all system approvals are completed before 5pm 6/28/2017 N/A 7/3/2017

Employee Reimbursements

Ensure the Pay date is not greater than 6/30 and all system approvals are completed before 5pm. This includes Travel Advance liquidation

6/28/2017 N/A 7/3/2017

Payment Processing (FAMIS)

Pay run will include all approved vouchers and Employee Reimbursements to be paid thru 6/30 6/28/2017 N/A 7/3/2017

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Blackout DatesTransaction Guidance

FY16-17 System Blackout Starting at

Conversion File Submittal

Begin Processing FY 17/18 in F$P

Budget Journals FY 17 from FAMIS Finalized by end of day 6/28/2017 6/28/2017 7/3/2017

Budget Journals FY 18 from the Budget System Finalized by end of day 6/28/2017 6/28/2017 7/3/2017

GL Journals Finalized by end of day 6/28/2017 6/28/2017 7/3/2017Customers Final date for Grant Sponsors 5/31/2017 6/9/2017 7/3/2017

Customers Final date for non-grant customers (i.e. PORT, Airport, MTA, Library) 6/19/2017 6/23/2017 7/3/2017

Open Receivables All grant and non-grant and receivables will need to be finalized by end of day 6/28/2017 6/28/2017 7/3/2017

Deposits Finalized by end of day 6/28/2017 N/A 7/3/2017Work Orders Finalized by end of day 6/28/2017 N/A 7/3/2017

Fixed Assets System will be unavailable but the cutoff date for Assets isn't until August N/A N/A

Late July/early August (pending

conversion)

File Submissions & Conversions

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Conversion Expectations

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Conversion File Requirements• To comply with data validation audit requirements• Record and report data extraction time• Take backup/snapshot at the time of data extraction• Inform F$P if not possible• Regular system backups should suffice• Retention 30 days for Dress Rehearsal• Different file submission schedule for different

conversions

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Final Deploy File Submission Due Dates

FAMIS to PeopleSoft Conversion:General Ledger & Commitment Control

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Conversion Key PointsFor both General Ledger (GL) and Commitment Control (KK) conversions:o Converting the following data sets from EIS to compute the

Annual and Life to Date Amounts for Actuals and Budgets in PeopleSoft: FAMIS Periods Calculated

FM0 + FM1-13 (Annual) = Life to Date AmountFAMIS Data:

GL GLOperating Operating OperatingBudgets Budgets Budgets

o The budgets here are the “full” budgets, not the remaining balance and doesn’t include pre-encumbrances and encumbrances

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Conversion Key Points• To obtain the Remaining Balance Budget Figures:

o Budget conversion – General Ledger conversion = Remaining Budget Balance

o Once the Purchase order conversion is done, it will do budget checking against the remaining balance.

• The index code crosswalks are used to produce PeopleSoft ChartFields of Fund, Dept, Authority, Project, Activity, Agency Use, TRIO, and Account.o These files are at the summary level for each ChartField

string (every combination of Fund, Dept, Authority, Project, Activity, Agency Use, TRIO, and Account) and not at the transaction detail level.

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Data Validation

Peter Yee

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Data Validation

• AOSD & CSA are working together on data validation project. Compare converted data to FAMIS/ADPICS Limited assurance that data is mapped and converted properly.

• Department to validate their external subsystem data converted to PeopleSoft. Accounts Receivable (Port, MTA) Inventory (DPH) Project Life to Date (MTA) Fixed Assets (non-FAACS)

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Role Mapping

Michael Rottmayer

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Role Mapping• Due by May 19

– Revised roles• Contact Diane.mai-tran@sfgov.org for your department’s FAMIS

User security report.– Role conflict forms

• For pre go-live, send completed conflict forms to Raymond.Liu@sfgov.org and CC Michael.Rottmayer@sfgov.org

• AOSD will review roles and conflicts– Conflict exceptions will be based on need– Especially for small departments

• Sign-off by department once final

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Using the Incident Command Center (ICS)

Todd Rydstrom

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Using ICS at Go LiveGo Live is a Special Event!

Controller’s Office will use our Incident Command Structure (ICS), like with other Big Events.

o Ensures clear communications and timely updates.o Dress Rehearsal ICS already underway.

What’s Next…o Go-Live Cutover is June 28th to July 3rd

o Call Invites will be sent to CFOs, Change Agents and Key Leads.

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Using ICS at Go LiveGo Live is a Special Event!

Report Outs will include:o Cutover Goals and Targets for the Dayo Tasks Updates and Deployment Impacts &

Impediments o Business Impact Updates from AOSD & OCA o Change Management & User Support Updates o Next Steps & the Day Ahead

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Questions

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City Preparedness for the New Accounting System

Jocelyn Quintos

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The City’s New Financial System• How did the City prepare for PeopleSoft?

– Go Live Date: July 3, 2017• Citywide Account Reconciliations & Data Cleanup• Updated Policies & Procedures• Accounting Task Force• Change Management

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Citywide Reconciliations

Funds and Projects:

• Aligned balances from General Ledger File (GLF) and Operating File (OPF)

• Reviewed inactive and close out abnormal balances at GL account (subsidiary), lowest project and grant detail, sub-fund and document file level.

• Closed out Inactive Projects

• Worked with departments to address nonsufficient funding

To get FAMIS/FAACS files ready for PeopleSoft Interface.

Fixed Assets:

• Identified and confirmed fully depreciated fleet assets that are still “In Use”.

• Reviewed status of fleet assets and adjusted FAACS accordingly.

• Standardized asset non financial data for fleet, building and land.

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Projects & Funds Reconciliations

BEFORECount

Inactive GL 60,733

Abnormal GL 50,279

AFTERCount

Inactive GL 4,842

Abnormal GL 24,314

CLEAN UP

BEFORE AFTERCLEAN UP

Count Out-of-sync 30,272

Document Fi le 1,926

Source: General Ledger and Operating FilesScope: Citywide

Count% of Items

Cleaned UpInactive GL 55,909 92.03%

Abnormal GL 25,965 51.64%

Count% of Items

Cleaned UpOut-of-sync 29,931 98.87%

Document Fi le 1,058 54.93%

Count Out-of-sync 341

Document Fi le 868

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BEFORE AFTERCLEAN UP

Projects & Funds ReconciliationsSource: General Ledger and Operating FilesScope: Citywide

Count Project

Closeout 28,020

NSF 3,731

Subs idiary 5,039

Count% of Items

Cleaned UpProject

Closeout 23,923 85.38%

NSF 1,646 44.12%

Count Project

Closeout 4,097

NSF 2,085

Subs idiary 277 5.50%

Subs idiary 4,762

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Data Cleanup“GARBAGE IN, GARBAGE OUT“

This principal applies to Data Conversion.

The quality of converted data is only as good as the source the data is imported from. Steps taken to clean up FAMIS data prior to conversion:

Standardized data Identified missing or duplicate records Purged unnecessary data Reformatted data if necessary Evaluated data for accuracy Compiled supporting documentation if needed for audit

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Vendor Clean Up

Duplicate Vendor Cleanup

Active Criteria Cleanup

Inactive Cleanup

Active Criteria Cleanup

Expiration Dates for Vendors with Blanket Agreements

Vendors with Balance greater than Zero

Vendors with Active Status and Current Business Tax

Vendors with Unapproved Suppliers

Others (12B, 14B, 1099, Item, HCM)

BEFOREVendor ID Count

1.4 Million

AFTERVendor ID Count

50,309

CLEAN UP

Source: Vendor Table as of June 30, 2016Scope: Citywide

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Disposals Criteria Cleanup

Sold/Turned-in Duplicate Entries Transfers to other

departments Major/Minor

Class Adjustments

CLEAN UP

Fleet Clean Up

Sold/Turned-in92%

Duplicate Entries

Transfers to other

departments2%

Major/Minor Class

Adjustments2%

BEFOREFleet Count: 3,650

Original Cost $184.5MAcc. Depr. ($154.4M)Net Book Value $30.1M

AFTERFleet Count: 2,455

Original Cost $147.1MAcc. Depr. ($117.6M)Net Book Value $29.5M

Source: FAACS Data as of June 30, 2016Scope: 37 Departments

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Building & Land Clean Up

BEFORE

CLEAN UP

Source: FAACS Data as of June 30, 2016Scope: 37 Departments

Correct APN Allocated

Building 1276Land 561

Description Scrubbed

Building 1442Land 568

CountBuilding 1442Land 568

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Accounting Policies, Procedures & Task Force Updated Accounting Policies

& Procedures Worked through Policies with

Departments through Task Force Groups

Met with Departments on Detailed Procedures through Super User Groups

Communicated with Grantors and Community Based Organizations (CBOs)

Participated in Dress Rehearsals

Working with Departments & F$P on the Transition

Subject Sent out Taskforce Final Draft Before Go-Live

Expenses Dec 2016 Completed June 2017

Vendor Mgmt Dec 2016 Completed June 2017

Payables Dec 2016 Completed June 2017

Grants Dec 2016 Completed June 2017

Fixed Assets Dec 2016 Completed June 2017

Debt Jan 2017 Completed June 2017

Work Order Jan 2017 Completed June 2017

Chap 6 Payables Apr 2017 Completed June 2017

Project Costing Jan 2017 Completed June 2017

Cash Mgmt Mar 2017 5/30/17 June 2017

Allocation/ Abatement

Mar 2017 TBD June 2017

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Accounting Policies & Procedures (PnP)

• The Accounting Policies & Procedures have been updated with the input from the various taskforces held.

• Various drafts have been sent to taskforce participants and CFOs for review.

• Final version of the PnPs will be emailed by 2nd week of June 2017.

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Processing Transactions in Two Accounting Systems

Carmen LeFranc

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Assumptions

• FAMIS is the system of record for FY 16-17.• FY 16-17 CAFR is published out of FAMIS.• FY 17 Ending Balances per CAFR (FAMIS)

agree to the FY 18 Opening Balances in PS.

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Converted Data• Budgets will be converted into the PS Commitment

Control Module and allocated:o AAO budgetso Supplementalo Transfers & Adjustments

• All Year View for Continuing Funds & Current Year View for Annual Funds

• Through the grant and project life to date balances, the maximum billing limit amount will be established in the Contract Module.

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Purchase Orders

• After all FY17 payments are done by July 31:o PO in continuing funds will close in FY17

and rollover to FY18. o PO in annual funds will close and not roll

into FY18 unless manually carried forward.

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After the Blackout Date

• FAMIS will remain open for posting until Sept. 8.• FY 17 Expenditure and Revenue Transactions associated

with PS Accounts Payable and Accounts Receivable after cutover will go through “dual processing”.

• All other FY 17 transactions originating in FAMIS after the cutover will be “pushed” to PS using the GL incremental conversion program.

FY 17 Year End Key Dates – FAMIS

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FY 16-17 Key Dates• Fiscal Month 12 & 13:

o Fiscal Month 12 Close – July 31 (includes all abatements, adjustments, and allocations)

o Fiscal Month 13 Open - July 3Close - September 8

• Work Orders:o Carryforward request must be supported by the corresponding source

budget by May 31.o Performing departments complete billings by June 9.o Requesting departments complete approvals by June 15. o Controller’s Office process unresolved work orders by June 16.o Departments submit carryforward request of appropriation to

Controller’s Office by September 11.

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FY 16-17 Key Dates• Manual Appropriations Carryforwards:

o Departments submit requests to Fund Accountants by September 11o Mayor’s Office and Controller’s Review, September 11 to 21o Carryforwards are approved by September 22o Approved Carryforward budgets will be processed in Peoplesoft.

• Grants:o May 15: Year End Work shop & Single Audit Entrance Conferenceo May 16: 1090 Grants closeout for inactive grantso July 31: Year End Reconciliation Report dueo July 31: Accrual of unpaid expenditures for goods & services providedo August 11: Accrual of revenue receivableso September 8: 3-Column Grant Reconciliation dueo January 26, 2018: Issuance of Single Audit

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FY 16-17 Key Dates • Last Day to Post FY 17 Financial Statement Transactions

o Capitalized Interest for enterprise fixed assets – August 4o Depreciation – August 20o Debt Related – September 8o GAAP and other CAFR adjustments – September 8

• Separately audited financial statements due October 20

• CAFR submission date – November 20

FY 17 Year End Close Details

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Union Related Employee Reimbursements

– DHR must receive all reimbursements requests by Friday, June 2, 2017. Any incomplete, pending or new requests after June 2 will need to be entered and submitted in Peoplesoftafter July 3.

• The new process will be in place

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Employee Reimbursement Workflow

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What is Fiscal Month 13 Used For?• Fiscal Year adjusting entries• GAAP and Balance Sheet Adjustments• Significant Adjusting Entries• Auditor Required Entries• Expenditure Accruals• Revenue Accruals• GASB 45, 65 and 68 Entries Estimates

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Fiscal Month 13 – Accruals & Estimates in FAMIS• Expenditure Accruals - Invoices received but not

processed for Goods or Services received on or before June 30.

• Expenditure Estimates – Develop these when invoices are not available or processed but goods or services have been received as of June 30.

• Revenue Estimates – In general, departments should not be booking increase to revenues based on estimates.

• Please contact your Fund Accountant to discuss this topic before making entries

Encumbrances & Carryforwards

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Manual Appropriation Carryforward

• Carryforwards of Annual & Non-Salary Funds only• Must be used for same purpose in the next fiscal year• Carryforward amount must not exceed unexpended

balance, attach FAMIS print screen with request to confirm available balance

• Must submit request to the Controller’s Office Fund Accountants before due date

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PO Encumbrance Carryforward

•Do not close encumbrances with activity in new fiscal year

•Encumbrances with negative balances will automatically close out

•Encumbrances older than one year require strong justification to keep open

•Provide date and amount of accrual if justification is “waiting on invoice”

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Encumbrance Closeout/Carryforward• Departments receive listing of outstanding

encumbrances on 6/2• Request to keep open with justification due to

CON on 6/16• Encumbrance balance for FY17 will be converted to

PS and available for FY17 expenditure on 7/3• Encumbrance carryforwards to FY18 will be posted

by 9/5

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Dual Processing

Min Fang

Accounts Payable Voucher Posting

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FAMIS - Voucher PostingREPORT OF OPEN VOUCHER WITH DUE DATES BEYOND 6/30

• Departments review report of open voucher with due dates beyond 6/30:1. Request AOSD to change due date to 6/30 or earlier for FY 17 vouchers,

or2. Departments will reprocess in PS.

• AOSD sends report to departments two weeks before black out date (6/16)

KEY DATES:6/27/2017 Last interface file for voucher payments with due dates <= 6/306/28/2017 Last day to process and post payment voucher in FAMIS6/28/2017 Last check run and ACH run for vouchers due by 6/306/28/2017 Clear errors by 5 pm

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PS - Voucher PostingINVOICE VOUCHERS RECEIVED AFTER JUNE 30, 2017

Dual processing (FAMIS & PS) from 7/3 onward for FY 17 related transactions is required for the following:

o All invoices that are related to a grant funding sourceo All PO related paymentso Non-PO related payments greater than $25,000 for the following types:

o Departments will complete an Excel Template for each invoice voucher requiring dual processing.

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John GeeDepartment AExcellent City

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Year End AP Processing

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Where to Process WhatPayments (vouchers from converted POs, direct payments,

etc.) StaffFAMIS PS

FY17 FY17 FY18

1 FY 17 vouchers post with due date <= 6/30 for last FAMIS Check/ACH run, i.e. 6/28

Dept. X

2 Accounting Date >=‘7/1/2017’ for: i) FY 18 vouchers & ii)FY 17 vouchers: non-grant, non PO & <$25K

Dept. X

3a FY 17 vouchers Accounting Date =’6/30/2017’. Threshold of invoice >= $25K, apply to non-grant and non PO payment only

Dept. X

3b Post reversal entry against Accounts Payable (200002) in GL Module (see step 3d)

F$P/ CON (X)

3c JE to record Accounts Payable GL 202 (AP Accrual Form & Hostbridge Process)

Dept./ CON X

3d FAMIS to PS Incremental GL conversion – Accounts Payable (200002)

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Date Received: July 16, 2017

Accounts Receivables Receipts Posting

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Year End AR Processing

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Where to Process What?Cash Receipts (Deposits, wires, ACH,

etc.)Staff

FAMIS PSFY17 FY17 FY18

1 Bank transactions up to 6/30 TTX/ Dept. X2 Bank transactions after 6/30 for FY 18 TTX/ Dept. X

3a Bank transactions after 6/30 for FY 17: Apply receipts to Accounts Receivable

TTX/ Dept. X

3b Bank transactions after 6/30 for FY 17: process JE to record Accounts Receivable (AR Accrual Form & Hostbridge process)

Dept./CON X

3c FAMIS to PS Incremental GL conversion –Accounts Receivable

Net Accounting Impact of steps 3a – 3c (revenue related)

AR/Rev AR/Rev Cash/ AR

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For further instruction, please attend the Dual Process Training in the afternoon session.

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Year End Reconciliations, Financial Statements & FY 18 Budgets

Peter Yee

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Year End Reconciliation • Follow all year-end closing guidelines, procedures and take

other steps to ensure:– Revenues and expenditures are properly reconciled: budget-

actual and GAAP basis– All entries (assets, liabilities, budget, actual, etc.) are posted – General ledger accounts (at subsidiary level) with abnormal

balance or have no change from last year are analyzed and adjusted as needed

– This year over last year variance is reasonable and accurately reflect current year’s operation results. Check if there are any unusual, probable fraudulent activities or errors?

– Completed project and grants are reconciled and have no outstanding balances in FAMIS

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Fiscal Year 17 CAFR Tasks and Key Dates• May to August – Interim audit begins for selected

departments depending on external audit firm and department schedule

• September 22– Draft Financial Statements for separately audited departments due to the Controller’s Office and Auditors

• October 20 – Final printed Financial Statements for separately audited departments due to the Controller’s Office

• November 20 – Submit CAFR to the Board

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Deferred Inflow for Govt. FundsEntries to record as deferred inflow of resources, if cash for governmental fund revenues not received by August 31.

– No “Auto-Reverse” AR entries in FAMIS

– Deferred inflow T/C 671R (GL224) entries to be posted by 9/8/17 to FM13 in FAMIS

– GL converter to post incremental balance in PS– Deferred inflow analysis file

• Send to departments 9/18/17• Receive confirmation from departments by 9/22/17

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Fiscal Year 2017-18 Budget• Interim Budget will be loaded in PeopleSoft

during the blackout dates.• The interim budget is not available for capital

and equipment expenditures or new positions that were not on the Mayor’s Interim Exceptions list.

• Budget will be fully available after adoption of Budget Ordinance by Board of Supervisors and Mayor.

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GASB UpdateReminder of significant GASB:

• Statement No. 68, Accounting and Financial Reporting forPensions – Is here to stay. Net pension liability, deferred inflowsand outflows, and pension expense will be reflected on financialstatements.

• Statement No. 72, Fair Value Measurement and Application -Provides guidance for applying fair value to certain investmentsand disclosures related to all fair value measurements.

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GASB Update

• Statement No. 74, Financial Reporting for Postemployment Benefit – Revises andestablishes new accounting and financial reporting requirements forpostemployment benefit plans other than pensions (OPEB). This applies to theplan and not the participating governments but only impacts our retireehealthcare trust fund.

• Statement No. 77 (GASB) Tax Abatement Disclosures - This Statement requiresdisclosure of tax abatement information about (1) a reporting government’s owntax abatement agreements and (2) those that are entered into by othergovernments and that reduce the reporting government’s tax revenues. We willcontact you if it impacts your department.

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Grants Year End Close

Lourdes Nicomedes

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Grants Year End – Key Dates• Monday, May 15 – Year End Work shop & Single Audit Entrance

Conference

• Tuesday, May 16 - 1090 Grants closeout for inactive grants with no asset or liability account balances based on 3rd Quarter reconciliation

• Monday, July 31 – Year End Reconciliation Report due

• July 3 – Sept 8 – Accrual of unpaid expenditures for goods & services provided or revenue receivables

• Friday, September 8 - 3-Column Grant Reconciliation due

• January 26, 2018 – Issuance of Single Audit

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Grant FY17 Year End CloseAfter the Cutover Date:FAMIS remains open for posting in FY 17 for payroll, abatements, adjustments, allocations and interfaces.

o Last day to post expenditure related transactions is Monday, July 31.

o For Q4 FY 17 grant billing, post a revenue accrual in FAMIS and send the corresponding bill to the grantor. Last day to post revenue related transactions in FAMIS is Friday, August 11.

o Grant related FY 17 transactions will be uploaded to or from FAMIS through Hostbridge or the GL Incremental Conversions.

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FY16 Single Audit Findings• Procurement

– The City did not ensure open and full competition, or otherwise obtain proper approval for awarding the contract under limited competition.

• Special Tests and Provisions– The City did not follow the maximum per unit subsidy amount

requirement under a federal program.

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Fixed Assets

Andrea Gremer

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CCSF Fixed Assets Group• FAACS on-line departments:

– Governmental funds: DPW, DPH, Emergency Management, Police

– Enterprise funds: PUC, MTA, Laguna Honda Hospital

• FAACS off-line departments:– The rest of the governmental fund departments.

• Non-FAACS departments:– Airport, Port, SF General Hospital, Internal service

fund Depts., e.g. Central Shop, Reproduction.

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Key Fixed Asset Dates• Project Summary will run weekly every Sunday:

– July 9 to August 6– Confirmation that charges have cleared the Hold

File should be done on the August 6 Run.

• Last Day to clear Hold File:– On-line Departments:

• Governmental funds: August 4, 2017• Enterprise funds: August 4, 2017

– Off-line Departments Return all FAACS documents by July 31, 2017

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Key Fixed Asset Dates

• Last Day to Post in FAACS for On-Line Departments is August 4:o Disposals & Retirements o Capitalized Interesto CIP

• Final FY 17 Depreciation Run is August 20.

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Rollforward Schedule• Beginning Balance: Agree to prior year audited ending balance• Additions: Clear the Hold File & consider additional transactions (Software, Land,

Donated assets)• Disposals: Assets not in use should be disposed

GOVERNMENTAL ACTIVITIES(In Thousands)

Reflected as the Ending Balance of Capital Assets in CAFR 2016

Beginning Balance 7/1/16 Additions Disposals

Ending Balance 6/30/17

Land 334, 261 334, 261

Construction in Progress 456, 093 456, 093

Facilities and Improvements 3,372,183 3,372,183

Equipment & machinery 201,333 201,333

Infrastructure 686,365 686,365

Intangible asset 75,117 75,117

5,125,352 5,125,352

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Best Practices

• IT Equipment• Networks and stand-alone items

• Internally Developed Software• 3 Phases – only one phase is capital

• Land or Donated Assets • Skim Board of Supervisor resolutions

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Best Practices

• Construction in Progress• Demolition or Hazmat costs expensed in the period

incurred• Review June 2017 Schedule of Values • Estimated date of substantial completion

• Date asset is ready for intended use• Vehicles still in Central Shops at 6/30/17 are not ready for

intended use

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Certification of ComplianceGASB 34 – Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments• State & Local governments must begin to recognize capital assets

GASB 42 – Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries• Fixed assets that are still depreciating, but no longer being used as expected

GASB 49 – Pollution Remediation Obligations• Once there is an obligation to address existing pollution, it must be accounted for.

GASB 51 – Accounting and Financial Reporting for Intangible AssetsAre we creating or customizing software? (Also consider easements, water or air rights, patents, or trademarks.)

GASB 70 – Accounting and Financial Reporting for Nonexchange Financial Guarantees• Debt guaranteed by construction of capital assets

GASB 72 – Fair Value Measurements• Donated assets should be measured at Acquisition Value (previously fair value) on a prospective basis

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PS Asset Management Module• FAACS Data conversion sneak peak:

• 100% Load rate for Mock 3

• Data that will need to be manually input after go-live:• Location• Asset Custodian• PeopleSoft project for CIP Assets

Vendor Setup (Exception)

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Vendor Exception Setup - Post Blackout Date

• Blackout Date: May 19th

– The only exception is for new vendors that need to be paid on or before June 27th

• Please contact vendor.file.support@sfgov.org• June 12th is the last day to set up these exception

vendors.

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