long-term debt capital leases james d. moore senior accountant specialized accounting division...
TRANSCRIPT
Long-Term DebtLong-Term DebtCapital LeasesCapital Leases
James D. MooreSenior Accountant
Specialized Accounting DivisionAuditor-Controller’s Office
February 21, 2008
ObjectivesObjectives
Review departmental year-end responsibilities for capital leases.
Provide a checklist for convenient reference. Provide a useful tool for analyzing current
year lease activity.
Departments with County Debt Obligations & Capital LeasesDepartments with County Debt Obligations & Capital Leases
Departmental Year-end Departmental Year-end ResponsibilitiesResponsibilities
1. Maintain pertinent supporting documentation.
2. Update amortization (Excel worksheets) to reflect adjustments, deletions or additions.
3. Submit to the Auditor-Controller’s Office by May 16, 2008.
4. Submit appropriate documentation by fiscal year-end, June 30, 2008. No schedule Q. is needed any longer for your Capital Leases.
Capital Lease ObligationsCapital Lease Obligations
Checklist for your reference . . .Checklist for your reference . . .
Use the query to obtain principal and interest payments. You can create your query from the sample attached.
Reconcile the query to your Excel departmental amortization worksheet.
Compare and adjust as needed. If your Excel report (worksheet) does not equal the query, correct the amortization as needed.
Email query results and Excel lease amortization schedule to me by May 16, 2008.
Capital Lease Obligations Capital Lease Obligations
Let’s review how it was done in Let’s review how it was done in FY06-07.FY06-07.
County Capital Lease ObligationsCounty Capital Lease Obligations
The Tool (PeopleSoft Query) Con’t…The Tool (PeopleSoft Query) Con’t…
County Capital Lease ObligationsCounty Capital Lease Obligations
For principal, use range #532500-532680. For interest paid, use expense range #533700-533780.
Select your dept. here (see next slide) Use in-tree option.
The Tool (PeopleSoft Query) Con’t…The Tool (PeopleSoft Query) Con’t…
County Capital Lease ObligationsCounty Capital Lease Obligations
The Tool (PeopleSoft Query) Con’t…The Tool (PeopleSoft Query) Con’t…County Capital Lease ObligationsCounty Capital Lease Obligations
People-Soft Query Screens People-Soft Query Screens (version 8.8 FRP8 Environment)(version 8.8 FRP8 Environment)
Let’s review examples of what the new screen shots look like now (FY07-08)
Attached pages reflect version 8.8, People-Soft screenshots – to aid in running new queries for County Capital Leases (principal and interest payments for FY07-08)
Departments with County Debt Obligations & Capital LeasesDepartments with County Debt Obligations & Capital Leases
Departments with County Debt Obligations & Capital LeasesDepartments with County Debt Obligations & Capital Leases
Departments with County Debt Obligations & Capital LeasesDepartments with County Debt Obligations & Capital Leases
County Capital Lease ObligationsCounty Capital Lease Obligations
Departments with County Debt Obligations & Capital LeasesDepartments with County Debt Obligations & Capital Leases
County Capital Lease ObligationsCounty Capital Lease Obligations
County Capital Lease ObligationsCounty Capital Lease Obligations
County Capital Lease ObligationsCounty Capital Lease Obligations
County Capital Lease ObligationsCounty Capital Lease Obligations
Contact InformationContact InformationIf you require additional If you require additional assistance assistance
James D. Moore (951) 955-9462 [email protected]
Jerry Wood (951) 955-3574
County Capital Lease ObligationsCounty Capital Lease Obligations