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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'>Hello Everyone,<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'>The following revised policies have been posted to the OAM: <a href="http://www.oregon.gov/DAS/SCD/SARS/oam_toc.shtml">http://www.oregon.gov/DAS/SCD/SARS/oam_toc.shtml</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'>The effective date is July 1, 2011, except for the policies updated in Chapter 60 of the OAM. The effective date for those policies is June 30, 2011.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'>For the first four policies listed below, the formerly separate “policy” and “procedures” sections were combined into a single document. These same policies were also reviewed for plain language by the DAS communications unit. <o:p></o:p></span></p><p class=MsoListParagraph style='margin-left:0in'><span style='font-family:"Arial","sans-serif"'>Our thanks to everyone who responded during the comment period for their thoughtful suggestions. <o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'>All policies were updated for GASB 54, where applicable.<o:p></o:p></span></p><p class=MsoNormal><b><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></b></p><p class=MsoNormal><b><span style='font-family:"Arial","sans-serif"'>Chapter 5 – R*STARS<o:p></o:p></span></b></p><p class=MsoListParagraph style='margin-top:6.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-family:"Arial","sans-serif"'>05.20.00 – Fund and Appropriation Structure and Usage <o:p></o:p></span></p><p class=MsoListParagraph><span style='font-family:"Arial","sans-serif"'>(See Appendix C for <i>A Guide for Analyzing Special Revenue Funds under GASB Statement No. 54</i>)<o:p></o:p></span></p><p class=MsoListParagraph><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoListParagraph style='margin-left:0in'><b><span style='font-family:"Arial","sans-serif"'>Chapter 15 – Accounting and Financial Reporting<o:p></o:p></span></b></p><p class=MsoListParagraph style='margin-top:6.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-family:"Arial","sans-serif"'>15.50.00 – Inventories<o:p></o:p></span></p><p class=MsoListParagraph style='margin-top:6.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-family:"Arial","sans-serif"'>15.80.00 – Commitments<o:p></o:p></span></p><p class=MsoListParagraph style='margin-top:6.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-family:"Arial","sans-serif"'>15.85.00 – Fund Equities<o:p></o:p></span></p><p class=MsoListParagraph><span style='font-family:"Arial","sans-serif"'>(See Appendix A for <i>A Guide for Determining Fund Balance Classification under GASB Statement No.</i> 54)<o:p></o:p></span></p><p class=MsoListParagraph><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoListParagraph style='margin-left:0in'><b><span style='font-family:"Arial","sans-serif"'>Chapter 60 – Chart of Accounts<o:p></o:p></span></b></p><p class=MsoListParagraph style='mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:6.0pt;margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-family:"Arial","sans-serif"'>60.10.00 – General Ledger Accounts<o:p></o:p></span></p><p class=MsoListParagraph style='mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:6.0pt;margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-family:"Arial","sans-serif"'>60.20.00 – Comptroller Objects – By Financial Statement Classification<o:p></o:p></span></p><p class=MsoListParagraph style='text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-family:"Arial","sans-serif"'>60.30.00 – Comptroller Objects – Numeric (including definitions)<o:p></o:p></span></p><p class=MsoListParagraph style='margin-left:.25in'><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoListParagraph style='margin-left:0in'><b><span style='font-family:"Arial","sans-serif"'>Chapter 70 – Agency Lists</span></b><span style='font-family:"Arial","sans-serif"'><o:p></o:p></span></p><p class=MsoListParagraph style='margin-top:6.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-family:"Arial","sans-serif"'>70.10.00 – Agencies Current Alpha<o:p></o:p></span></p><p class=MsoListParagraph style='margin-top:6.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-family:"Arial","sans-serif"'>70.20.00 – Agencies Current Numeric<o:p></o:p></span></p><p class=MsoListParagraph style='margin-top:6.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-family:"Arial","sans-serif"'>70.30.00 – Agencies Obsolete Alpha<o:p></o:p></span></p><p class=MsoListParagraph style='margin-top:6.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-family:"Arial","sans-serif"'>70.40.00 – Agencies Obsolete Numeric<o:p></o:p></span></p><p class=MsoListParagraph style='margin-left:0in'><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoListParagraph style='margin-left:0in'><span style='font-family:"Arial","sans-serif"'>Please let us know if you have questions.<o:p></o:p></span></p><p class=MsoListParagraph style='margin-left:0in'><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoListParagraph style='margin-left:0in'><span style='font-family:"Arial","sans-serif"'>Thank you,<o:p></o:p></span></p><p class=MsoListParagraph style='margin-left:0in'><span style='font-family:"Arial","sans-serif"'>Kathy<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#353535'>Kathryn Ross</span></b><span style='font-size:8.0pt'><o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#353535'>Statewide Accounting & Reporting Manager</span></b><span style='font-size:8.0pt'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#353535'>Oregon State Controller's Division</span><span style='font-size:8.0pt'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#353535'>155 Cottage Street NE, U-50</span><span style='font-size:8.0pt'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#353535'>Salem, OR 97301</span><span style='font-size:8.0pt'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:red'>NEW Phone: (503) 373-0265<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#353535'>Fax: (503) 378-3514</span><span style='font-size:8.0pt'><o:p></o:p></span></p><p class=MsoNormal><a href="http://oregon.gov/DAS/SCD/SARS"><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:blue'>http://oregon.gov/DAS/SCD/SARS</span></a><span style='font-size:8.0pt'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#353535'>Data Classification: Level 1 - Published</span><span style='font-size:8.0pt'><o:p></o:p></span></p><p class=MsoNormal> <o:p></o:p></p><p class=MsoNormal align=center style='text-align:center'><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>How are we doing?</span><o:p></o:p></p><p class=MsoNormal align=center style='text-align:center'><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>Please complete our customer service survey.</span><o:p></o:p></p><p class=MsoNormal align=center style='text-align:center'><a href="http://www.surveymonkey.com/s/SCD_Feedback"><i><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:blue'>http://www.surveymonkey.com/s/SCD_Feedback</span></i></a><o:p></o:p></p><p class=MsoNormal align=center style='text-align:center'><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>Your opinion matters.</span><o:p></o:p></p><p class=MsoNormal align=center style='text-align:center'><span style='font-size:10.0pt;font-family:"Arial Rounded MT Bold","sans-serif"'>Thank You!<o:p></o:p></span></p><p class=MsoNormal> <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>