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- Annuities

Adjusted gross calculated calculated 

Note

The Adjusted gross calculated should equal the adjusted gross amount from QRTRPT. This should be true for all adjusted gross figures in the "Totals" section.

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Ο  D) Balance the gross amounts on the W2REPT.TXT report with PAYRPT.TXT reports for the quarter

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Note

These amounts may not balance due to the way W2PROC handles certain amounts (e.g. Medicare pickup)

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Δ  16) For city withholdings, take the total gross times the percentage to be sure the tax withheld and submitted are correct.

 

Note

Mobile employees could cause discrepancies.

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Δ  20) Once the data has been verified for the advance, run the STRSAD program again, this time selecting Option 2. This option creates the file that will be submitted electronically to STRS and sets the STRS period closing date field in the USPSDAT/USPCON to 06/YYYY.

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♦  Option 2 also flags eligible jobs as in advance mode until the last payment in the contract has been paid. At that time, the advance flag is turned off and the job is no longer considered in advance mode. Print and file the final copies of the STRSAD.TXT and STRSAD.RPT reports.

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Δ  22)Complete the STRS Recap Sheet you received in the mail or use the online option using totals from the STRSAD.RPT report.

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Note

The totals for regular and rehired retirees are separated on the report since the STRS Recap Sheet requires that these be reported separately.

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Δ  25) Run ANNSTRSSND to submit STRS annual reporting information electronically to STRS.


Quarter-End Closing Completion

Δ  26) Run SURCHG if desired. This program is designed to assist you with verifying the SERS surcharge calculations and GAAP reporting. See the SURCHG chapter of the USPS Reference Manual for more information.

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Post Fiscal Year-End Closing

 Restrictions during the advance:

♦  Modifications cannot be made to certain fields on jobs in the advance mode.

♦  Certain Pay Types can be processed on advance jobs. See the STRS chapter of the USPS User Guide for details

Δ  33) STRS follow-up on the Advance after all summer pays:

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♦  Any difference should be reported to STRS as a prior fiscal year correction if necessary. As suggested on the STRS Recap Sheet Guide, the district may want to track these adjustments.

Ο  B) Contact NWOCA to have any remaining STRS advance amounts removed from USPSDAT/USPCON.


You have completed the USPS Fiscal Year End Closing procedures.