BFY19 Valid and Invalid Object and Revenue Tables

During the AFIS New Year Table Initialization (NYTI) job, the valid and invalid appropriation object and revenue tables (VAPPROBJ, VAPPRSRC, IAPPROBJ, IAPPRSRC) will not be populated. The GAO is working on a statewide effort in cleaning up these tables for the start of FY19. This effort will help alleviate common issues experienced by state agencies.

The Uniform Grant Guidance changed the single audit threshold, exemptions for reporting and use of cooperative audit resolution. In addition, there are new requirements for payroll costs, procurement support and subrecipient monitoring and reporting.

Plus, with federal agencies intending to use audits to recover $50 billion a year in unsupported costs, visits from both independent and government auditors could result in sanctions and remedies that have an ongoing impact on your access to federal funding.

Understanding internal controls is vital; it's a sure-fire way to prevent fraud, waste, and abuse within your organization.

The Office of Management and Budget (OMB) expects all non-Federal entities to have a documented system of controls that provides reasonable assurance that Federal awards are being managed in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. Is your system of controls up to par?

The GAO has made the following updates to Statewide Reports in infoAdvantage:

• FIN-AZ-AM-N599 Fixed Asset Acquisitions Report

This document replaces the AM-C049a and AM-C049b.  The report has various input controls on each report tab. The report is intended to fulfill two purposes: 

The April 2018 CFO Meeting Agenda has been posted to the GAO Website. 

If you are a State agency off the Capitol Mall and would like to join the meeting remotely, please email Tami Eckloff at [email protected] to inquire about joining the meeting via WebEx.  The WebEx Meeting is only being offered to agencies off the Capitol Mall.

The agenda can be found under Publications, CFO Meetings.

The Fiscal Year-End 2017-2018 (FYE18) Memo and Closing Instructions are available on the GAO Website. To view a copy of the memo and instructions, please visit the GAO website using the link https://gao.az.gov/afis/afis-information.