Completing the fund review process for the prior month by the 25th day of the current month will allow the Capital Assets Team to ensure all asset ledger transactions have been recorded and allow sufficient time for post close reviews, reconciliations, and roll forwards.  The reconciliation of funds and projects ensures:  1) Expenditures have been allocated to CWIP, purchased assets have been loaded accurately, and any capital outlay variances for the prior month can be corrected  by the end of the current month, 3) Any variances in Asset Management transactions and GL transactions can be corrected by the end of the current month, 4) Capital projects are reviewed on a monthly basis and can be capitalized in a timely manner throughout the year.

This data will come from the path: Z:\Accounting\FIXED ASSETS MASTER\PROJ REC

The  Sr IT Business Planner over Capital Assets will run report Control Analysis Past Due by the 5th business day of the month. The  Sr IT Business Planner over Capital Assets is responsible for populating and maintaining the KPI spreadsheet.

Total Fund Reviews completed/Total Fund Reviews(*100)