Office of the State Treasurer Bank Reconciliations Agreed Upon Procedures FY23

… onciliation team reconciles the collections and disbursements recorded with banks with what is recorded in the state’s accounting system (First State Financials). The team ensures the total amounts are accurately recorded in both systems. OST cont …

… ank REconciliations key information and findings The books and records are kept in accordance with generally accepted accounting principles and are reconciled with the various bank accounts. In the performance of the agreed upon procedures, AOA o …

… bserved four out of the ten agreed-upon procedures were not fully in conformance with the State of Delaware Budget and Accounting Policy Manual (BAM) as follows: During the performance of the agreed-upon procedures, it was noted that the unexpended …

… Abbreviations: AOA Office of Auditor of Accounts BAM Delaware Budget and Accounting Manual FSF First State Financials JPMC JPMorgan Chase FY Fiscal Year OST Office of the State Treasurer TR …

… ials JPMC JPMorgan Chase FY Fiscal Year OST Office of the State Treasurer TRA Treasurer’s Reconciliation to Accounting The mission of the Delaware Office of Auditor of Accounts The Delaware State Auditor serves Delawareans by ensur …

… ve general ledger cash account numbers/program codes (g/1 accounts) in the State of Delaware's First State Financials Accounting System (FSF) report entitled "Activity by Balance Sheet Account" (DGL046). Result 1: In fiscal year ending June …

… b-totals page of the DGL046 to the general ledger accounts that are reconciled by the OST in the "Reconciliation to Accounting'' (TRA) for the applicable quarter under review. Result 2: AOA compared the list of accounts generated from the DG …

… ments to the respective "bank balance" shown in the TRA for the applicable quarter end under review. Next, agree the "accounting total" (book balance) shown in the TRA at quarter end, to the ending balance of respective g/1 accounts in the DGL046 …