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Federal Accounting

3 months ago


Everett, United States Department of Education Full time

The Federal Accounting and Reporting Unit is responsible for working with the State Comptroller and the State Treasurer to ensure that federal funds are received in a timely manner and in compliance with all federal and state regulations. This includes managing all fiscal matters associated with the account establishment, tracking draw down of funds from the Federal Government, reconciliation and reporting requirements of expenses and revenues for federal grants. This office provides reports and gathers data for units within DESE’s Administration and Finance Center and areas throughout the agency.

Key Responsibilities:

- Set up of grants into the Reimbursable Grant Structure of the state accounting system (MMARS)
- Review Continuing and New Grant Awards received by the United States Department of Education (USED, the United States Department of Agriculture (USDA) and the United States Department of Health and Human Services Grants (USHHS).
- Enter set-up tables into the state accounting system detailing grant data, including CFDA#, UEI number, Award Identification, specific drawdown system used, $ Amount, period of the grant including AP period, Name and FAIN number.
- Prepare set-up document (BGRG) into the state accounting system creating the award in the Reimbursable Grant Structure of MMARS via DocuSign attaching appropriate backup.
- Maintain internal tracking log as well as maintenance of paperless federal program files. Follow up, as necessary.

2. Reconciliation of MMARS disbursements to the Federal Payment Systems
- Using the Commonwealth Information Warehouse (CIW), run the weekly disbursements report. (495W).
- Reconcile 495W Report to Federal Payment Systems; the US Department of Education’s Grants Management System (G5), the Automated Standard Application for Payments (ASAP), and the Payment Management Services (PMS) on a weekly basis.
- Post Federal Draws to Excel spreadsheet by award, maintaining a running balance for each Program.
- Reconcile at the end of each month the available balances on the Federal Systems G5, ASAP, and PMS to the Revenue balances in MMARS.
- Prepare CR’s, CH’s, Book Entries, Manual Draws and CDs for any variances found.
- Draw Rejects should be resolved immediately working with the State Comptroller’s Office, the Federal Funds Auditor and Program Staff preparing necessary documents as needed.
- Maintain accurate paperless records for the Unit needed by internal staff as well as for the Single Audit and Federal and State Reviews.

3. Participate in ISA (Interdepartmental Service Agreement) and EX (Expenditure Correction) oversight and set up.
- Review ISAs including Parts A, B and C and recommend changes where necessary.
- Complete Part C of ISA and enter all set-up tables and BGRG Document into MMARS.
- Work with Budget for completed contract to be approved by OSC in a timely manner. Follow up, as necessary.
- Review EX’s for accuracy, ensuring funds are available to move, Expense Budgets have been entered and then enter Document into MMARS. Review payments being moved ensuring all chart of account elements have been captured correctly before sending to supervisor.

4. Prepare Commonwealth Information Warehouse (CIW) queries and reports for the unit as well as ad hoc reports for other units within the A&F Center and DESE program staff.
- Meet with individuals or units to determine their needs in order to pull correct data from CIW.
- Run Queries and test results prior to data being given to requestor.
- Attend (CIW) user group meetings.

5. Assist in the Federal Funding Accountability and Transaction Act (FFATA) Reporting
- Collect information and reconcile grant activity being compliant with FFATA requirements.
- Gather data from the grants management subsystem (GEM$) to be uploaded into the FFATA Subaward Reporting System (FSRS) meeting all timelines.
- Gather data from MMARs to be uploaded into the FSRS system meeting timelines.
- Adhere to FFATA reporting requirements and maintain documentation that the requirements have been fulfilled.

6. Track State and Federal Return of funds
- Participate in monthly updating of state grant return spreadsheets for use by program and budget staff, and ensure refunds in sub-systems agree to MMARS.
- Gather monthly state grant returns and report them to budget staff for possible re-allocation.

7. Return of Funds to the Federal Government
- Work with unit to create a list of USED, USDA and USHHS federal funds that need to be returned to the federal government. A check with a cover letter is sent to the awarding agency detailing accounting attributes.
- Reviews the reason for the return (ERs, CAs, EXs, PRADJs) to be shared with program units.
- Determine if there is enough revenue in the current fiscal year as an RF1 document is processed, if current fiscal year revenue supports the transaction, otherwise it needs to be returned via a GAX with object T04.

8. Closeout of the State Fiscal year
- Test to ensure Revenue