These resources help state agencies fulfill federal compliance, monitoring and reporting requirements in Chapter 50 and Chapter 95 of the State Administrative & Accounting Manual (SAAM).
These resources help state agencies fulfill e-commerce and purchase card requirements in Chapter 40 of the State Administrative & Accounting Manual (SAAM).
This page contains SAAM directives and technical corrections and is intended to be used as an agency resource for tracking policy changes and updates. Current policies are available on the SAAM main page.
The Annual Comprehensive Financial Report is a thorough and detailed presentation of the state's financial condition. It reports on the state's activities and balances for each fiscal year.
The primary role of Statewide Accounting is to issue statewide financial and administrative policies, provide financial consulting, monitoring, training services, and produce statewide reports. Statewide Accounting is responsible for fiscal year closing and supplemental reporting disclosures.
The Financial Management Advisory Council (FMAC) serves in an advisory and consultative role to the Office of Financial Management, the state legislature, and other appropriate parties concerned with state government fiscal administration.
What is a reconciliation? The process of correlating one set of records with another set of records and/or a physical inventory count that involves identifying, explaining, and correcting differences.
The foundation of quality financial information is in the detail data recorded at the general ledger (GL) level. Reconciliations serve as a key element of a system of internal control and are required by state policy.
The following resources are intended to provide general guidance for state agencies.
