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Is the information different from what is provided in the New York State Comprehensive Annual Financial Report (CAFR)?

April 26, 2017annual CAFR comprehensive different financial report new york provided State

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Is the information different from what is provided in the New York State Comprehensive Annual Financial Report (CAFR)?

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Yes. The State Agency Spending Search provides spending information about payments at the time they are made. The CAFR provides spending information on an expenditure basis, reflecting the time a liability is incurred rather than the time a payment was made. In addition, the CAFR is prepared based on generally accepted accounting principles and includes various accounting adjustments required by those standards.