EdMIS

For School Districts and Auditors of School Districts!

SAVE TIME AND MONEY WITH AUDIT-L.E.A.!
Powerful Analytical Tools to Audit, Manage and Prepare Reports for Texas School Districts!

RELEASE 27 for 2023 is now available!  ORDER TODAY!!

 

AUDIT-L.E.A. is Windows® based software which assists you in preparing financial statements. It does much more! School Districts can use AUDIT-L.E.A. to prepare monthly reports OR interim reports to see if the district is "on track" for meeting GAAP and T.E.A. requirements. Almost all reports can either be printed or exported to an Excel® or a PDF file. MOST IMPORTANTLY, any changes from T.E.A. on the audit data feed requirements, new account codes and new audit requirements are included in the new Release. Let AUDIT-L.E.A. keep you UP TO DATE!!

AUDIT-L.E.A. can also assist districts in "overseeing" the year-end accounting adjustments and the conversion and consolidation adjustments necessary to prepare the government wide statements. WITH AUDIT-L.E.A. DISTRICTS CAN DEMONSTRATE COMPENTENCY as required by GAO and AICPA. Some Districts may wish to generate their own financial statements.

AUDIT-L.E.A. not only provides a system for preparing the annual financial report. It also includes many features aimed at assisting both the school district and the auditors in testing, analyzing and adjusting the trial balance data and the budget data. The user can query, filter, prepare lead sheets, run compliance tests, export subsets of data to Excel®, compare current year with prior year, budget with actual, etc. It is a powerful analytical tool! The Individual Fund Schedule Routine in the Report Generator allows you to prepare budget comparisons and/or prior year current year comparisons on any single fund.

New Features with Release 27 for FY 2023 include:

• Revised code descriptions as provided by TEA for accounting and reporting the SBITA arrangements as required by GASB 96.
• The MOE test for the ESSA grants and for IDEA-B will now include the interest and principal on both the right-to-use leases and the SBITA arrangements.  The workbooks provided on the TEA website are not yet available for FY 2023 data.  We have confirmed with them, however, that when these are updated these will be included.
• All of the compliance audit programs in the Audit Program Generator have been revised with the requirements in the 2022 Compliance Supplement   from OMB in 2 CFR Part 200 Appendix XI. These will be updated as necessary when the 2023 Compliance Supplement is available.
• The PEIMS edit checks have been revised with the latest information from T.E.A.  These also will be revised if there are additional revisions.
• We have added a reconciliation table to the tax schedule to reconcile the difference between the taxes delinquent reported on the schedule versus what is reported as taxes receivable in the financial statements.  This difference is due to expected collections for penalties and interest which are not included in the tax schedule.
• We have revised the tax worksheet for calculating the adjustments in the fund to government wide worksheet for tax revenues.   

AUDIT-L.E.A. is a useful tool for school district managers to use throughout the year! Of course it continues to be the BEST software on the market for performing audit adjustments and the consolidation and conversion adjustments necessary for preparation of the annual report. All of the familiar check routines are there for you!

 

AUDIT-L.E.A. has three Component Parts

The TRIAL BALANCE PROGRAM is the workhorse for importing, analyzing, testing and adjusting accounting data from the district's accounting system.

The REPORT GENERATOR PROGRAM is the report preparation program and includes the supplemental accounting system required for preparing the government wide statements. This component also prepares both the Audit Data Feed and the PDF file of the Annual Report which must be submitted to T.E.A.

The AUDIT PROGRAM GENERATOR generates a checklist for school districts to demonstrate that they have sufficient internal controls and competency for reviewing the statement preparation and a comprehensive compliance program for federally funded and TEA mandated programs which includes the very latest updates of requirements from OMB's Compliance Supplement in 2 CFR Part 200 and from T.E.A. The compliance guidelines can be especially helpful to federal program directors.

AUDIT-L.E.A. includes the following features:

• A unique Conversion and Consolidation System converting modified accrual of the fund statements to accrual data necessary for the government wide statements. This routine creates an excellent audit trail for the preparation of the government wide financial statements.
• An easy routine for importing data from the District's accounting system into the software including importing the next FY budget data into the new Budget Module.
• An easy to use adjustment routine for entering year-end adjusting entries necessary to prepare financial reports.
• Worksheets for developing information and documenting the procedures necessary for preparation of the annual report—notes and exhibits.
• Worksheet for calculating and allocating by function the annual depreciation for capital items.
• Check routines in the Trial Balance module to ensure compliance with PEIMS reporting requirements.
• Test routines in the Trial Balance module and in the Proposed Budget Module including the PEIMS edit checks.
• Check routines in the Report Generator module to ensure consistency between exhibits in the annual report.
• Menu option to create the T.E.A. Audit Data Feed file as required by T.E.A.
• Easy export routine to export subsets of data into Excel©, PDF, Word, and many other formats.
• A word-processing module in the Report Generator allowing for preparing Auditor's Reports and providing a sample document for Notes and MD&A.
• A word-processing routine for creating and editing the compliance programs.
• A drill down routine in the Report Generator which quickly collects all accounts in the Trial Balance which are summed to a particular cell in the data files used to prepare the report.
• Query routines and Status Reports by fund or fund type allow for quick assessment of particular items.
• Prior year/current year comparisons and budget to actual comparisons.