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k. Run Financial Statement Processing to produce all Year End Reports <br />Using the Lawson Reporting tools discussed in item 8 above, the City can <br />p/uuuma all necessary Year End reports for both State and Federal requirements. <br />Fiscal Year End Procedures: <br />1. Explain the budget validation process and which fiscal year isused for the <br />following: <br />A. /\ requisition entered in a prior year and converted to o P.O. in the current <br />year. <br />Lawson Response: <br />Background: Lawson provides and active commitment analysis tracking system <br />which rneintm|no all open transactions according to the stage, i.e. Cornnnitrnen1/ <br />pre-encumbrances are open nequiSitione. Encumbrances are open purchase <br />orders and AP invoices and Actuals are transactions that have completed the <br />entire cycle and posted to the general ledger. <br />The following images depict this information: <br />0 <br />0 <br />Summary Level Information, by phase / category <br />Lawson Software connd,nuat 13 <br />