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Long-Term Debt Capital Leases

Long-Term Debt Capital Leases. James D. Moore Senior Accountant Specialized Accounting Division Auditor-Controller’s Office February 21, 2008 . Departments with County Debt Obligations & Capital Leases. Objectives. Review departmental year-end responsibilities for capital leases.

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Long-Term Debt Capital Leases

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  1. Long-Term DebtCapital Leases James D. Moore Senior Accountant Specialized Accounting Division Auditor-Controller’s Office February 21, 2008

  2. Departments with County Debt Obligations & Capital Leases Objectives • Review departmental year-end responsibilities for capital leases. • Provide a checklist for convenient reference. • Provide a useful tool for analyzing current year lease activity.

  3. Capital Lease Obligations Departmental Year-end Responsibilities • Maintain pertinent supporting documentation. • Update amortization (Excel worksheets) to reflect adjustments, deletions or additions. • Submit to the Auditor-Controller’s Office by May 16, 2008. • Submit appropriate documentation by fiscal year-end, June 30, 2008. No schedule Q. is needed any longer for your Capital Leases.

  4. Capital Lease Obligations Checklist for your reference . . . • Use the query to obtain principal and interest payments. You can create your query from the sample attached. • Reconcile the query to your Excel departmental amortization worksheet. • Compare and adjust as needed. If your Excel report (worksheet) does not equal the query, correct the amortization as needed. • Email query results and Excel lease amortization schedule to me by May 16, 2008.

  5. County Capital Lease Obligations Let’s review how it was done in FY06-07.

  6. County Capital Lease Obligations The Tool (PeopleSoft Query) Con’t… Select your dept. here (see next slide) Use in-tree option. For principal, use range #532500-532680. For interest paid, use expense range #533700-533780.

  7. County Capital Lease Obligations The Tool (PeopleSoft Query) Con’t…

  8. County Capital Lease Obligations The Tool (PeopleSoft Query) Con’t…

  9. Departments with County Debt Obligations & Capital Leases People-Soft Query Screens (version 8.8 FRP8 Environment) • Let’s review examples of what the new screen shots look like now (FY07-08) • Attached pages reflect version 8.8, People-Soft screenshots – to aid in running new queries for County Capital Leases (principal and interest payments for FY07-08)

  10. Departments with County Debt Obligations & Capital Leases

  11. Departments with County Debt Obligations & Capital Leases

  12. County Capital Lease Obligations

  13. Departments with County Debt Obligations & Capital Leases

  14. County Capital Lease Obligations

  15. County Capital Lease Obligations

  16. County Capital Lease Obligations

  17. County Capital Lease Obligations

  18. County Capital Lease Obligations Contact InformationIf you require additional assistance • James D. Moore (951) 955-9462 jdmoore@co.riverside.ca.us • Jerry Wood (951) 955-3574 Jwood@co.riverside.ca.us

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