Financial Reporting

The following Accounting Policy Statements (APSs) have been updated:

• APS 001 – Sources of Revenue Required to Pay Benefit Cost
• APS 005 – Reimbursing Retirement Contributions and Insurance Premiums
• APS 007 – Revenue Deposits Intended to Increase Appropriation Authority
• APS 008 – Deposit of Sales Taxes Collected by State Agencies
• APS 013 – Refunding Deposits
• APS 014 – Interagency Payments and Receipts for Goods and Services
• APS 019 – Salary Benefit Appropriation Allocations
• APS 021 – Correcting Bookkeeping and Cost Allocation Entries
• APS 025 – Cost Allocation From Temporary Administrative and Support Appropriations
• APS 028 – Reporting of State Debts and Hold Offset Procedures
• APS 029 – Electronic Processing of Revenues and Expenditures

Review each APS to ensure compliance with the most current policies and procedures.

For recurring transaction indexes (RTIs) used during the interagency reconciliation process for the AFR, users should either leave the EFF END DATE field blank or enter a date of Sept. 27 or later in that field on the Recurring Transaction Profile (55) screen.

Interagency transaction vouchers (ITVs) must process successfully during the interagency reconciliation for the annual financial report (AFR). An RTI (receiving) agency that sets an effective end date on the 55 profile will prevent a transaction (paying) agency from processing any ITVs past that end date.

Agencies should leave the effective end dates on RTIs blank unless there is an explicit need to include one.

See RTI Tables for Interfund/Interagency Transactions and the ITV/RTI Process USAS FAQs for more information.