Accounting, Auditing, and Budgeting Committee

The Accounting, Auditing, and Budgeting Committee enhances understanding of school entity accounting, auditing, and budgeting which will improve planning, communication, and accountability between school business officials and the public. The committee is composed of ASBO members who are experienced and knowledgeable in financial reporting, auditing, budgeting, and accounting.

Mission:
Enhance members' understanding and proficiency in education, school system accounting, auditing, and budgeting, and to improve communication, planning and accountability between school business officials and the community. The community includes students, school board members, employees, vendors, bond-holders, media, and all other interested parties.


Additional Resources:

 Conduct a self-assessment of your skills in financial resource management.

Volunteer for this Committee

Committee Members: To conduct committee business and use your group's private Web forums, log in to go to your Community in the Members Only section of the Website.

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Committee Chair: Susan Legutko, RSBO
Vice Chair(s): 
Neil A. Sullivan, RSBO
Committee Members: 
Bert Nuehring
Charlotte D. Placide, MPA, RSBA
Debra J. Jacoby
Dennis L. Younkin, RSBO
Elvis E. Asea-Ariko
Erin Mavrides
Gary Heinfeld, CPA
Gayle D. Isaac
John A. Green
Lisa Braiterman
Mary Ann Brown
Melissa Fettkether
Phillip W. Saurman, CPA
Ramona Thurman
Randy L. Brown
Raymond Cerrone
Ricardo D. Hernandez
Roger J. Dickson, RSBA
Samuel A. Rippin, CPA
Shelly J. Clifford
Thomas E. Delaney, CPA, RSBA
Thomas R. Momphard, RSBO
Board Rep: Randy C. Evans, RSBO
Staff Liasons: 
Jay Snyder

Alpine School District Template for GASB 34

The Alpine School District in American Fork, Utah, and Squire & Co., CPAs, have prepared a Microsoft Excel template to help school districts prepare financial statements for the first time under the Government Accounting Standards Board’s Statement No. 34 (GASB 34).

To find a download of a copy of the template for 2005 statements, click here for the CAFR page on the Alpine School District Web site: www.alpine.k12.ut.us/depts/accounting/cafr/cafrindex.html

This template allows users to enter their own fund statements and post the conversion entries; then the government-wide statements are created by formula along with the reconciliation statements.

The adjusting journal entries are organized as follows:
1. Identify beginning balances of governmental full-accrual accounts
2. Convert data in the governmental funds from the modified-accrual basis of accounting to the full-accrual basis of accounting
3. Incorporate data from internal service funds into governmental activities
4. Eliminate certain interfund balances and activities

The template has been created with conditional formatting built into proofs on the Excel "input tab" to alert the user in red for out-of-balance conditions throughout the document. Formulas that show the source of data, which allows the user to trace all amounts used to create the government-wide statements, are listed in blue.

The template also allows the user to enter the name of their district, year-end date, and ECT on the input, which will place the name of their own district throughout the document. The creators of this template believe that it could save users two weeks of development time.


Click here for additional sample CAFRS and information on ASBO's Certificate of Excellence in Financial Reporting program.





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