|To:||GAAP Liaisons and Chief Fiscal Officers|
|From:||Martin J. Benison, Comptroller|
|Date:||July 11, 2011|
|Re:||FY2011 GAAP Instructions||Comptroller Memo|
This is the 25 th edition of instructions for financial reporting on Generally Accepted Accounting Principles (GAAP) basis. The Instructions/GAAP Package provides guidance to departments on reporting year-end activity and obligations to the Comptroller's Office. The Comptroller's Office is responsible for publishing annual financial reports of the Commonwealth. The due date for submitting the GAAP Package is Monday, August 8, 2011.
It is important that the information about Commonwealth revenues, receivables, expenditures, obligations and assets owned are reported consistently and uniformly to meet financial reporting requirements.
Please note that PartnerNet is being used for GAAP reporting this year and all CFOs and GAAP Liaisons have access. CFOs can designate other department personnel to enter GAAP information on PartnerNet. Department Security Officers can request access for additional users by submitting a PartnerNet Security request form .
If you have questions on the attachments for GAAP Instructions, exhibits or blanks, please contact BJ Trivedi, Director of Financial Reporting Bureau at (617) 973-2663 or Cathy Hunter at (617) 973-2660.
Thank you for your cooperation.