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academy:calendar:january:julyfy

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academy:calendar:january:julyfy [2019/03/27 20:54] – emorenoacademy:calendar:january:julyfy [2021/04/08 16:40] (current) – emoreno
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 ======January====== ======January======
  
-[[academy:calendar:year|Homepage]]+<div #no-print>  
 +[[academy:calendar:year:julystarts|Business Year-at-a-Glance Homepage]] 
 + 
 +<WRAP box #no-print>{{:images:printer2.jpg|printer icon}}[[academy:calendar:january:julyfy?do=export_pdf&toclevels=1-3&book_title=Business Year-at-a-Glance (January)| Click here to generate a PDF of this page (January)]]. 
 +</WRAP> 
  
 <WRAP tabs> <WRAP tabs>
Line 16: Line 21:
   *[[academy:calendar:May:julyfy|May]]   *[[academy:calendar:May:julyfy|May]]
   *[[academy:calendar:June:julyfy|Jun]]   *[[academy:calendar:June:julyfy|Jun]]
 +  *[[academy:calendar:monthlyactivities|Monthly]]
 +  *[[academy:calendar:quarterlyactivities|Quarterly]]  
 </WRAP> </WRAP>
 +</div> 
  
  
-{{monthcal:align=right,month=1,year=2020,mark_today=yes,create_links=local}} 
  
-<WRAP round intro> +---- 
-===== New Calendar Year =====+---- 
 +From August Year-End Doc ----> 
 + 
 +<WRAP box> 
 +The following Business processes should be started or in progress in the month of January.
 </WRAP> </WRAP>
  
-^Task^Resources^Notes^ 
-^Upload new tax tables|[[humanresources:tables:taxdeductions:trsrates|TRS Rates]]|After the last December payroll or prior to the first January payroll.| 
-^First Payroll of the Calendar Year|[[humanresources:checklists:firstpayrollofthecalendaryearchecklist|First Payroll of the Calendar Year Checklist]]| 
-^W-2 Processing|[[academy:business:overview_guide:humanresources_w2_processing|QuickGuide: Process W-2 Forms]]| 
-^1099 Processing|[[academy:business:overview_guide:finance_1099_process|QuickGuide:Process 1099-MISC Forms]]| 
-^Opt B Supplement|?| 
-^Midyear PEIMS Audit Reports|?| 
  
 +VCV [[general:checklists:firstpayrollofthecalendaryearchecklist|First Payroll of the Calendar Year Checklist]]
 +\\
 +VCV [[academy:business_payroll_process_w2s|Process W-2 Forms]]
 +\\
 +VCV [[academy:business_finance_process1099forms|Process 1099-MISC Forms]]
 +
 +
 +
 +<WRAP box>
 +The following business tasks have been identified for the month of January. Use the checklist to ensure that the tasks are addressed, if applicable.
 +</WRAP>
 +
 +
 +VCV Complete the W-2 filing to the SSA by Jan 31.
 +
 +VCV Complete 1099 filing to the IRS by Jan 31.
 +
 +VCV Complete ACA 1095 reporting. 
 +
 +VCV Verify tax tables to IRS Circular E. After the last December payroll or prior to the first January payroll, upload the new tax tables.
 +
 +VCV Verify access to Social Security and IRS sites for the calendar year-end reporting. Revise the unemployment rates and maximum wage limits as needed.
 +
 +VCV Review the limits in payroll tax tables for Social Security and Medicare wages as published in IRS Circular E.
 +
 +VCV Remind employees to file a new W-4 to claim exemption from withholding.
 +
 +VCV Complete indirect cost rate application, if needed (note districts claiming SHARS/Medicaid reimb will usually need to do this)
 +
 +VCV In odd years begin bank depository contract renewal or prepare for RFP or RFQ.
 +
 +VCV Coordinate completion of audit for Aug 31 audit preparation  (no later than Jan 28th)
 +
 +  * Review the audit draft, and pay particular attention to the items that impact FIRST rating such as: unmodified audit opinion, no material weaknesses in internal controls, no instances of noncompliance material to financial statements, and net assets is positive on Statement of Net Assets.
 +  * Important dates report will be delivered to the school board. 
 +  * Verify whether the auditor or LEA will electronically submit the audit to TEA.
 +  * Verify if the auditor will send to MAC if the LEA has outstanding bonds and if any other entities need to receive a copy of the audit (grant agencies, etc.).
 +  * Publish the audit Statement of Revenues, Expenditures, and Changes in Fund Balances in the local newspaper.
 +  * Post audit opening balances, if needed.
 +
 +VCV Complete the PEIMS Mid-Year submission.
  
 +VCV Fiscal agents should send member districts 033 records to use in reviewing final prior year compliance with IDEA-B MOE.
  
 +VCV Complete the template estimate using first semester data.
 +</div>
academy/calendar/january/julyfy.1553720045.txt.gz · Last modified: 2019/03/27 15:54 (external edit)

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