How are the annual reports that are received from local governments processed?
The majority of local governments have a fiscal year end date of December 31st. The Office of the State Comptroller received most of the 2008 fiscal year end reports (about 1,900 in all) by the end of April 2009. Next, the annual financial reports go through a screening process. As determined by this process, reports may undergo a further desk review that could involve communication with the local government. The review of the 2008 fiscal year end reports was completed at the end of calendar year 2009. For reports with a different fiscal year, the process is the same, except the start and end dates would be different. The Office of the State Comptroller is now processing 2009 local government fiscal year end reports for counties, cities, towns and fire districts.
Related Questions
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