JTED Cost Reporting May 16, 2017 Cris Cable Amanda Winn JTED Cost - - PDF document

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JTED Cost Reporting

May 16, 2017 Cris Cable Amanda Winn

JTED Cost Reporting Requirement

A.R.S. §15-393.01(D)

The Office of the Auditor General, in consultation with the Department of Education, shall develop and establish uniform cost reporting guidelines, policies and procedures for joint technical education district programs. Any guideline, policy or procedure shall allow for the effective comparison of cost between the joint technical education district programs.

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Developing JTED Cost Reporting Guidance

• Comparability through new Program Codes
• Program 300
• Programs 301-399
• Programs 450 and 460

Effective date: July 1, 2017

USFR Chart of Accounts

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USFR Chart of Accounts

Transportation Costs

Goal is Comparability

JTED Reporting

Other funds State Priority Perkins JTED (Fund 596) M&O UCO CSF

Include costs from:

• All funds
• For JTED approved programs
• For students in grades 9-12

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Defining JTED Program Costs

• Salaries and Benefits (75% of costs in 2016)
• Purchased Services
• Supplies
• Property (9% of costs in 2016)
• Other

Cost can be coded directly to the assigned program code or indirect costs can be allocated to programs at year-end.

Additional Guidance

Separate videos and instructions

• Overview
• Draft forms
• Reporting direct costs
• Allocating other costs
• Reconciling reported costs to accounting records

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Exercise

JTED Cost Reporting Walk through for 5 JTED approved programs to record the direct and allocated indirect costs

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9

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Exercise

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Exercise Exercise

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Exercise Exercise

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Exercise

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Exercise Exercise

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Questions

Contact Us: Phone: 602-553-0333 Email: asd@azauditor.gov Website: www.azauditor.gov Additional JTED Resource JTED Cost Reporting, FAQ #1