•Adjust activity throughout the fiscal year
within/between GAAP funds
–Between
funds – convert to Transfers In/Out if appropriate
–Within the same fund – eliminate
revenues/expenditures if appropriate (i.e. eliminate double reporting)
•Reclassify FM12/13 JV’s, Transfers, and
IDT’s posted after 6/30 to Due To/From Other Funds, Interfund Receivables/Payables,
Advances From/To Other Funds
•Allocate investment purchases/sales
unsettled at 6/30 to GAAP funds participating in pooled accounts