Comptroller Fiscal Year Memo Letter Head


M E M O R A N D U M

To:GAAP Liaisons and Chief Fiscal Officers
From:Martin J. Benison, Comptroller
Date:July 11, 2011
Re:FY2011 GAAP InstructionsComptroller Memo
FY#2011-28

Executive Summary

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.

To facilitate timely preparation of the FY2011 Comprehensive Annual Financial Report (CAFR), certain department reporting dates were revised. The due date for the GAAP Package is Monday, August 8, 2011.

The attachments to this letter can be found at the following link:

GAAP Instructions doc format of fy11 gaap_instr.doc

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 doc format of pn_req_frm.doc .

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.

cc:MMARS Liaisons
 Payroll Directors
 General Counsels
 Internal Distribution