CFRs Made Simple: Beginner's Guide to SED Reporting

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Are you navigating the complexities of the Consolidated Fiscal Report (CFR) for your organization? Join us to demystify CFR basics and ensure compliance with funding requirements.

In this informative session, our experts from Cerini Associates, Ken Cerini, Mahnaz Cavalluzzi, and Kelly Mehr, delve into the essential elements of the CFR process. You'll learn about:

What the CFR is and why it's crucial for organizations receiving funding from New York State agencies.
Key submission timelines and the types of CFR submissions, including the full CFR and abbreviated versions.
Critical information needed to complete your CFR, from program-level revenue and expenses to compliance with funding requirements.
Detailed insights into core schedules of the CFR, including CFR One, Two, and Three, as well as the importance of appendices in your preparation.

Key takeaways include understanding the impact of your CFR on reimbursement rates, identifying allowable costs, and leveraging proper allocation methodologies to enhance accuracy and compliance.

Whether you're an executive director, CFO, or program director, this presentation provides actionable insights and resources to streamline your CFR preparation and improve financial reporting practices. Don’t miss the opportunity to engage with our panel and get your questions answered live.

Take the first step toward mastering the CFR and ensuring your organization secures the funding it deserves.

#AllocationMethodologies #CFRBasics #ConsolidatedFiscalReport #FinancialCompliance #SEDReporting

Chapters:

0:00 Introduction and Agenda Overview
1:00 Understanding CFR Basics
3:00 CFR Submission Requirements and Types
5:00 Preparing and Completing the CFR
14:58 Allocation Methodologies and Consistency
15:40 CFR One and Two: Overview of Programs and Funding Source
18:39 CFR Three: Understanding Administrative Costs
26:15 CFR Four and Four A: Staff and Contractor Classification
31:07 Salary Codes and Compliance
32:05 Tracking and Reporting Employee Hours
34:05 Related Party Transactions and Cost Limitations
38:05 Governing Authority and High Compensation Disclosure
46:51 CFR Two Schedule Reconciliation
47:17 Supporting Schedules for Funding Sources
47:39 Understanding SED Schedule Details
48:40 OPWDD and DMH Schedule Breakdown
1:02:37 OMH Schedule Reporting: A Summary
1:03:25 Steps for Filing a CFR
1:07:14 Assigning a Document Control Number (DCN)
1:10:20 Importance of Timely and Accurate CFR Submission