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33 HB Fiscal Polices Et Procedures <br /> Period Target <br /> r <br /> 4. Review AIP and other payables <br /> for possible accruals, and post to Month 10 X <br /> GL. <br /> 5. File annual property taxes. Annual 30 X <br /> Payroll Activities <br /> 1. Enter payroll to GL via download Bi-weekly 2 Review 8t X <br /> from Accounting Software. approve <br /> 2. Perform payroll reconciliations. Month 3 Review it X <br /> approve <br /> 3. Record FSA withdrawals in Month 15 Review It X <br /> accounting software approve <br /> 4. Perform reconciliations of all Month 15 Review if <br /> benefit liabilities (401 K, FSA, approve X <br /> etc. <br /> 5. Perform reconciliation of payroll Review& <br /> taxes (Form 941). Quarter 3© approve X <br /> 6. Track employee vacation and <br /> other PTO and record accrued Annual 15 X <br /> leave balances in accounting <br /> software. <br /> 7. Perform reconciliation of gross Annual 30 Review a X <br /> salaries (W-2 Forms). approve <br /> 9.7 NOTES PAYABLE <br /> 1. If applicable, analyze notes <br /> payable accounts (e.g., notes <br /> payable for mortgages or lines of Month 15 Review X <br /> credit) and post any unrecorded <br /> interest and principal amounts. <br /> FORECASTING9.8 FINANCIAL REPORTING AND <br /> 1. Update cash flow forecast. Month 15 X <br /> 2. Run preliminary budget-to-actual <br /> expense reports. Quarter 20 X <br /> 3. Run preliminary balance sheet, Month 20 X <br /> including detail on AR and AP. <br /> 4. Perform necessary review and <br /> analysis of month-end financial Month 22 X <br /> data. <br /> 5. Review budget-to-actual reports, <br /> balance sheet, and AR and AP Bi <br /> aging prior to preparation of full Monthly 22 x <br /> financial report package. <br /> 6. Generate investment report. Quarter 22 X <br /> Last updated September 2022 <br />