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Financial Integrity and CAFR

The Financial Integrity Team within the Office of the Chief Financial Officer is responsible for the following:
 
Comprehensive Annual Financial Report (CAFR) - The Financial Integrity Team is responsible for the coordination and preparation of the Kansas CAFR.  The CAFR contains compiled statewide financial data in accordance with the accounting requirements of the Governmental Accounting Standards Board (GASB).  The CAFR is required, by statute, to be presented to the Governor on or before December 31st following the close of the fiscal year.  The CAFR is audited by an external accounting firm in accordance with auditing standards generally accepted in the United States and standards applicable to financial audits contained in Government Auditing Standards.  The Financial Integrity Team provides requested information, schedules, and reports to the independent auditors.  The CAFR is composed of three sections, Introductory, Financial and Statistical:

  • The Introductory Section includes a list of principal officials, letter of transmittal and organizational chart;
  • The Financial Section provides critical information regarding the financial condition of the State with financial statements, schedules, note disclosures and narratives; and
  • The Statistical Section includes financial trends, revenue capacity, debt capacity, demographics and economy and operating information.

Financial System Data Integrity - The Financial Integrity Team reviews data in the State accounting system (SMART) throughout the year to verify the appropriate account code classification is used on payment and revenue transactions.

Capital Asset Reporting

Capital Asset & Inventory Reporting

The deadline for capital asset reporting is the first business day in August.  Timely submission of this information is necessary so that the Office of the Chief Financial Officer can meet critical deadlines related to preparation of the Comprehensive Annual Financial Report (CAFR).

Capital asset instructions are included in Policy Manual Filing Number 13,001.  Click here for the Policy Manual. 
Form DA082, Capital Asset Supplemental Information, must be submitted annually by all state agencies.  The form provides for agency certification that a physical inventory of capital assets has been taken.  The form also requests 1) information regarding agency asset abandonment and impairment and 2) the agency commodity balances at June 30th.  Commodities are defined as supplies and materials, including consumable supplies, and materials or parts purchased for repair and maintenance performed by state personnel.

Form DA-82- Capital Asset Supplemental Information is located in the Document Center found here.

Questions regarding these reporting requirements should be directed to:

Gail Barnhart 785-296-3404  or gail.barnhart@ks.gov

Fatima Gilbert 785-296-2127 or fatima.gilbert@ks.gov