Comptroller Fiscal Year Memo Letter Head


M E M O R A N D U M

To:Higher Education Chief Fiscal Officers, MMARS Liaisons, and Payroll Directors
From:Martin J. Benison, Comptroller
Date:June 29, 2009
Re:FY2009 Higher Education Audit GuidanceComptroller Memo
FY#2009-36

Executive Summary

The purpose of this memo is to advise Institutions of Higher Education as to auditing and reporting issues for FY2009.




This guide updates the existing Higher Education Guidance previously issued in 2008. It is meant to complement the Government Accounting Standards Board (GASB) Statement 35 implementation guide issued in 2002, which is documented in various other policies and procedures, including, but not limited to, fixed assets guidance. This guide reinforces policies on required documentation with regard to the Commonwealth's issuance of its Comprehensive Annual Financial Report (CAFR).

The guide doc format of 2009_hied_guide.doc contains the following attachments:

  • Instructions doc format of hied_guide_inst.doc for filling out the schedules
  • Individual schedules for your completion (will be sent to your institution in a separate email)
  • Attachment A doc format of hied_attach_a.doc "Independence Letter"
  • Attachment B doc format of hied_attach_b.doc " Draft Reconciliation of Financial Statements to MMARS"
  • Attachment C xls format of hied_attach_c.xls "Pollution Remediation Obligation calculation worksheet"

If you have any questions on the attachments for the Guide, or the schedules, please contact Larissa Serebryanaya, Unit Manager Financial Reporting Bureau at (617) 973-2304 or Neil Gouse at (617) 973-2672.

cc:Higher Education GAAP Liaisons
Higher Education General Counsels
Internal Distribution