Financial Reporting is responsible for the preparation and production of the Annual Comprehensive Financial Report including implementation of new Government Accounting Standards Board Statements and other financial reports (such as monthly financial report, reserve requirement supplement), filing of certain annual compliance reports, and ensure compliance with generally accepted accounting principles and applicable federal and state laws and regulations. Financial Reporting is also responsible in coordinating a) external audits and managing audit requests, b) business performance plan and c) departmental budget including the preparation of periodic forecast.
General Ledger Maintenance is responsible for managing a) requests for creating and closing funds, accounts and departments, and b) activation/inactivation of the chart of accounts in various financial systems.