Some Key Accounting Dates

Description

Date

Year-End Closing Schedule distributed to agencies

June 3, 2002

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

April 1, 2002

Preliminary Chart of Accounts distributed to agencies

June 13, 2002

GAAP forms and manual revisions made available at http:www.cg.state.sc.us/: Agencies:

June 28, 2002


Universities:

July 19, 2002

Agencies that have problems accessing closing package forms or update pages for Agency GAAP Closing Package Manual should call Annette Conner at 734-2618

June 28, 2002

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

July 15, 2002
5:00 PM

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

July 19, 2002

Date appropriations with no carry-forward provisions will lapse

July 31, 2002

Deadline for completed forms for the following closing packages to be received by Financial Reporting Division:
  • Cash and Investments
  • Compensated Absences

July 31, 2002
5:00 PM

Deadline for completed forms for the following closing packages to be received by Financial Reporting Division:
  • Litigation
  • Grant Disallowances

August 1, 2002
5:00 PM

Deadline to submit data for the Out-Of-State Travel Report

Suspended for
FY 2002

Deadline for completed Miscellaneous Loss Liabilities and Loss Contingencies Closing Package forms to be received by Financial Reporting Division

August 15, 2002
5:00 PM

Date FM13 and FM01 STARS Reports will be distributed

August 20, 2002

Release of Fiscal Year 2001 - 2002 End of Year Financial Information

August 20, 2002
 10:00 AM

Deadline for completed forms for the following closing packages to be received by Financial Reporting Division:
  • Tax Revenues
  • Miscellaneous Revenues
  • Loan Receivables and Refund Receivables
  • Inventory
  • Operating Leases
  • Operating Leases-Lessor

September 3, 2002
5:00 PM

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

September 6, 2002

Deadline for completed forms for the following closing packages to be received by Financial Reporting Division:
  • Accounts Payable
  • Interfund Transactions

September 16, 2002
5:00 PM

Audit Verifications for local governments provided to accounting firms

September 13, 2002

Deadline for completed forms for the following closing packages to be received by Financial Reporting Division:
  • Grant/Contributions Revenues
  • Capital Assets Overview
  • Capital Assets and Accumulated Depreciation
  • Capital Assets Additions
  • Capital Assets Intra-State Transfers
  •  Claims

     

September 30, 2002
5:00 PM

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

October 1, 2002

Deadline to submit data for the Nonprofit Funds Report

Suspended for
FY 2002