YEAR-END REPORTS NO. 7 AND 8, PRE AND POST-CLOSING TRIAL BALANCES - 7962

The Year-End Report No. 7, Pre-Closing Trial Balance, lists the general ledger account balances for real and nominal accounts, including accruals and adjustments, before the nominal accounts are closed to fund balance.

The Year-End Report No. 8, Post-Closing Trial Balance, lists the general ledger account balances for real accounts, including accruals and adjustments, after the nominal accounts have been closed to fund balance.

The Subsidiaries on File report provides the required subsidiary information for those general ledger accounts shown in SAM Section 7605. This report is required if the subsidiary information is not available on the agency/department’s Report No. 7.

Pre-closing and post-closing trial balance reports are required for each fund in the State Treasury (including the Special Deposit Fund) and for trust fund accounts outside the State Treasury.