Year-End Close

  • Year-End Close is the process of reviewing and adjusting all accounts to ensure that they accurately reflect the activities for the fiscal year.  Through this process, districts will review current year's activity for accuracy and completeness, close categorical programs, and post accruals to identify the district’s ending balance as of June 30.

    To assist districts, our office coordinates deposits, posts JEs, performs property tax reconciliation, reconciles account balances between fiscal years, and performs review of the district’s preliminary year-end close checklist.  We will also check and verify ending and beginning balances before completing the final year-end close. On this webpage, we have provided a calendar, checklist, manual, and other helpful information.

    If you have any questions related to the topics below during the year-end close process, you may contact any of the following individuals:

    Topics

    Daisy
    Ext. 5295

    Chris
    Ext. 5226

    Todd
    Ext. 5372

    DFAs

    Accruals (set-up)

     

     

    Balance Resources
    (that do not allow ending balances)

     

    Clearing PAYX

     

     

    Closing Categoricals

     

     

    Due To/Due From

     

    Journal Entries
    (general, cash, IFT, stores adjustments, etc.)

     

     

    Property Tax

     

     

     

    Reversing A/R & A/P Accruals

     

     

    Unearned Revenue (9650)

     

     

    Unaudited Actuals

     

     

     

    Year-End Closing Screen Questions

     

    Year-End Closing Checklist Questions

     

Calendars

  • 2022-2023

Toolbox

  • LCFF Apportionment

    For the June LCFF apportionment, our office received a negative apportionment from the CDE.  A short-term loan was prepared and posted for those districts receiving it [CT22-01504].  This loan will be reversed with the July LCFF Apportionment.  If you have questions regarding these transactions, please contact your Financial Analyst.


  • Accrual Information

    • 2nd Quarter Interest  [CT23-00046]  Posted on 7/20/2022 
    • Q3 Lottery  [CT22-01493]  Posted on 6/28/2022
    • Q4 Lottery  [________]  Expected to be posted 9/30/2022

Forms & Templates