State Software Discussion
Don’t forget that NEOnet is hosting a demo of the Tyler Munis Accounting Software June 17th.  If you have not already seen the demonstration this is the perfect opportunity to do so.  Lunch will be provided for those that stay the entire day.  The day begins at 8:30 and will end after a 3:30 Q&A session.  Please RSVP with bowers[at]neonet[dot]org if you plan to attend.    

NEOnet Property Tax Exemption
On May 22nd NEOnet received the final determination from Tax Commissioner Joseph Testa on MRSC’s application for exemption from real property taxes.  The Commissioner has approved the exemption, orders that the property be listed as property exempt from taxation for tax year 2013, any penalties and interest paid for this tax year be remitted and that the property will remain on the list until either the County Auditor or Tax Commissioner places the property back on the list.  NEOnet elected to not pay any taxes or interest while this determination was being made so there is no need to apply for a refund.  This was a pleasant surprise as rumor had it that it could take up to three years for a final determination.   

Expenditure Coding
If you have not already done so, please run a VALACT and begin working on any fatal expenditure coding errors.  You will not be able to close the fiscal year end with fatal errors.  Members of the fiscal team are keeping as up to date on this situation as possible and will help you through changes.  The following are some helpful links with regards to expenditure coding. 

  • SSDT Q&A on Expenditure Coding  - This link will take you to the State Software Development Team’s ongoing discussion on the implementation of changes by ODE to expenditure coding.
  • Auditor of State Publications - USAS Manual  - This link takes you to the Auditor of State webpage that contains a link to the USAS manual.  It can be found in the bottom right hand corner of the page.
  • ODE Subject Code Manual  - This link takes you to the Ohio Department of Education’s webpage that contains a link to their Subject code manual.  It is item 4.7 under course records. 

EMIS Period H Submission
Period 14H is currently open for submission of financial data.  Period 14H opened on 5/2/2014 and closes on 8/20/2014.  ODE released new USAS validations recently that will test your current financial data, even though it is not complete yet.  ODE is recommending that the districts start doing submissions now to validate their financial data.  Any VALACT fatal errors should be cleaned up before doing a period H submission.  It is also necessary to update the USAEMSEDT Cash Reconciliation record to balance with the current FINSUMM cash total, and to update the Federal Summary record to fiscal year 2014.  Please email the fiscal team at fiscal[at]neonet[dot]org if you would like assistance in the preliminary Period H submission process.

Meeting Reminders
The next NEOnet Board of Directors meeting is Tuesday July 8th at 9:00. 
The next Treasurers Operating Committee meeting is Thursday, August 21st from 12:00 to 2:00.

 

June
2014
Fiscal Update