REPORT 101: STATEMENT OF ACCOUNT

On a monthly basis, the Controller's Office issues a Statement of Account report via FRS WebFOCUS (Report 101) for each account maintained within the Financial Records System (FRS). This report, which is available to the administrator responsible for the account, provides an overview of the financial status of the account and includes revised budget, month and year-to-date actual, encumbrance, and available budget information. Reports for designated and restricted accounts also display a beginning and ending fund balance.

The Account Statement is divided into the following three sections:

Account Summary
Encumbrance Status
Report of Transactions

It is the account administrator's responsibility to monitor his/her accounts to ensure that all transactions posted to the accounts are accurate and appropriate. Corrections to non-payroll transactions posted to the Financial Records System (FRS) in error must be requested on a FRS Transaction Correction Form to ensure adequate documentation and prompt correction of the error. Corrections to payroll transactions should be made on a Labor Expense Distribution Reallocation Form.