The statutory receivable instructions provide guidance to departments on reporting receivables due from a governmental body that are...

The purpose of this memo is to advise the Institutions of Higher Education of the accounting and reporting guidance for Fiscal Year 2021....

The Commonwealth’s Fiscal Year 2020 Uniform Guidance Report has been completed as required by The Office of Management and Budget’s (OMB)...

The purpose of this memo is to advise departments that the late penalty interest rate for July 1, 2021- December 31, 2021 is 0.25% per...

The memo serves as notice that the annual inventory of GAAP capital assets is underway. Several MMARS reports can be accessed through...

The Office of the Comptroller has issued accounting guidance for revenue and grants received as the result of the American Rescue Plan...

Today, Comptroller of the Commonwealth William McNamara published the Commonwealth’s Comprehensive Annual Financial Report for Fiscal...

This memo announces the award of the Commonwealth’s Statewide Single Audit to CliftonLarsonAllen LLP beginning with the audit for Fiscal...

The Fiscal Year 2022 fringe benefit proposal has been calculated at 37.53% for general employees and 48.65% for uniformed employees of...

The Expenditure Classification Handbook has been refreshed and is now available through CTR’s PowerDMS portal. This new format is...

This memo replaces FY2021-12B issued on Wednesday, December 23. Based upon the action taken by the Congress to pass and the President to...

This memo confirms the actions that will occur for Federal Income Tax reporting to the Internal Revenue Service (IRS), Social Security...

Today, Comptroller of the Commonwealth William McNamara issued the Commonwealth’s Statutory Basis Financial Report (SBFR) for Fiscal Year...

This memo provides departments with instructions and important processing dates for year-end tax reporting and payroll processing. VIEW...

Comptroller William McNamara expects to file an annual financial report that was due Oct. 31 by the end of the week and said he is...

The Fiscal Year 2021 General Appropriation Act, Chapter 227 of the Acts of 2020, has been signed. This memo announces that December 11,...

The Office of the Comptroller is informing departments of the single audit chargeback amount to support the operation of the...

This memo provides guidance and information regarding two of the Office of the Comptroller’s three chargebacks for FY21: The MMARS...

Departments throughout the Commonwealth saved $11.75 million in FY2020 by taking advantage of Prompt Payment Discounts. The entirety of...

Chapter 131 of the Acts of 2020, the second FY 2021 Interim Budget, is signed. This memo offers guidance on operating under an interim...