Fiscal Year Memo #2025-22: Fiscal Year 2025 GAAP Reporting Instructions
This memo provides guidance to departments on reporting Fiscal Year 2025 year-end activity and obligations, in accordance with Generally Accepted Accounting Principles (GAAP), to the Office of the Comptroller (CTR). CTR is responsible for publishing the annual financial reports of the Commonwealth.
It is important that information about Commonwealth revenues, receivables, expenditures, obligations, and assets owned is reported consistently and uniformly to meet financial reporting requirements. To facilitate timely preparation of the FY2025 Annual Comprehensive Financial Report (ACFR), the due date for submitting the GAAP package is Friday, August 8, 2025. The decentralized department supplement (for DMH, DDS, and DPH) to the GAAP Instructions are now included as Attachment B.