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Mar 26

Comptroller William McNamara Publishes Fiscal Year 2020 Comprehensive Annual Financial Report

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

FY2021-18: Announcement of New Commonwealth Auditors

Office of the Comptroller

Feb 25

FY2021-18: Announcement of New Commonwealth Auditors

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

FY2022-01: Fiscal Year 2022 Proposed Fringe Benefit and Payroll Tax Rates

Office of the Comptroller

Feb 12

FY2022-01: Fiscal Year 2022 Proposed Fringe Benefit and Payroll Tax Rates

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

Expenditure Classification Handbook format updates

Office of the Comptroller

Jan 4

Expenditure Classification Handbook format updates

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

FY2021-12C: Requested Actions Rescinded - Potential Federal Government Shutdown.

Office of the Comptroller

Dec 28, 2020

FY2021-12C: Requested Actions Rescinded - Potential Federal Government Shutdown.

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

FY2021-14: Issuing and Filing IRS Forms 1099 for Tax Year 2020

Office of the Comptroller

Dec 28, 2020

FY2021-14: Issuing and Filing IRS Forms 1099 for Tax Year 2020

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

Office of the Comptroller

Dec 18, 2020

Office of the Comptroller Issues Fiscal Year 2020 Statutory Basis Financial Report

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

FY2021-13: Tax Reporting and Year End Processing

Office of the Comptroller

Dec 18, 2020

FY2021-13: Tax Reporting and Year End Processing

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

State House News Service: Comptroller hopes to end string of late financial filings

Office of the Comptroller

Dec 17, 2020

State House News Service: Comptroller hopes to end string of late financial filings

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...

FY2021-11: Official Opening of Fiscal Year 2021

Office of the Comptroller

Dec 17, 2020

FY2021-11: Official Opening of Fiscal Year 2021

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

Office of the Comptroller

Dec 10, 2020

FY2021 Single Audit Chargeback

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

FY2021-08: Comptroller Office’s FY21 MMARS and HR/CMS Chargebacks

Office of the Comptroller

Oct 28, 2020

FY2021-08: Comptroller Office’s FY21 MMARS and HR/CMS Chargebacks

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

Prompt Payment Discount program saved Commonwealth $11.75 million in FY2020

Office of the Comptroller

Oct 20, 2020

Prompt Payment Discount program saved Commonwealth $11.75 million in FY2020

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

FY2021-07: FY 2021 Interim Budget Guidance

Office of the Comptroller

Aug 12, 2020

FY2021-07: FY 2021 Interim Budget Guidance

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

FY2021-06: Federal Approval of Allocated and Billed Costs for FY2019

Office of the Comptroller

Aug 10, 2020

FY2021-06: Federal Approval of Allocated and Billed Costs for FY2019

The Office of the Comptroller is responsible for the development and submission of the Statewide Cost Allocation Plan (SWCAP) under the...

FY2021-05: Approved FY2021 Fringe Benefit and Payroll Tax Rates

Office of the Comptroller

Aug 6, 2020

FY2021-05: Approved FY2021 Fringe Benefit and Payroll Tax Rates

The purpose of this memo is to notify departments of the approved fringe benefit and payroll tax rates for FY2021. The U.S. Department of...

Office of the Comptroller

Jul 31, 2020

FY2021-04: Late Penalty Interest Rate

The purpose of this memo is to advise departments that the late penalty interest rate for July 1, 2020 – December 31, 2020 is 0.25% per...

FY2021-03: FY2021 Treasury State Agreements

Office of the Comptroller

Jul 24, 2020

FY2021-03: FY2021 Treasury State Agreements

The purpose of this memo is to advise departments of the FY21 annual Treasury-State Agreements (TSA) between the U.S. Department of the...

FY2020-24: FY2020 Statutory Receivable Instructions

Office of the Comptroller

Jul 17, 2020

FY2020-24: FY2020 Statutory Receivable Instructions

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

FY20-23: FY2020 Higher Education Audit Guidance

Office of the Comptroller

Jul 13, 2020

FY20-23: FY2020 Higher Education Audit Guidance

The purpose of this memo is to advise the Institutions of Higher Education as to accounting and reporting guidance for FY2020. VIEW THE...

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