The State Comptroller directs the daily operations of the Division of Central Accounting and Reporting (DCAR), which is responsible for establishing the policies and procedures for state financial transactions and for executing those transactions in accordance with the various state statutes, federal regulations, and governmental accounting and reporting standards.

• Central Accounting Unit:  Maintains the state central accounting system to ensure budgetary and financial compliance with laws and regulations through general ledger accounting and maintenance, payroll accounting, tax accounting and reporting activities, including processing of general ledger transactions for revenues and expenditures, cash allocations, centralized payroll tax and withholding payments, maintenance of employee earnings records, and issuance of year end tax forms, such as W-2 and 1099M.
• Transaction Processing Unit:  Performs audits and processes payments for the settlement of state expenditure claims and payrolls to ensure compliance with laws and regulations, custodian of expenditure documents and records, and maintains the state central vendor file.
• Financial Reporting Unit:  Prepares the State of Oklahoma comprehensive annual financial report as required by state law for use in analysis and decision making by state management, creditors and others; maintains reporting information for all agencies, funds, and component units included in the state reporting entity; and prepares the annual schedule of expenditures of federal awards.
• Agency Finance Office:  Provides shared services for various state agencies via contract to streamline and provide more efficient and effective back office finance functions, including budgeting, accounts payable and reporting.  OSF also provides shared services for procurement, human resources and payroll functions.

 New

2007 Comprehensive Annual Financial Report

DCAR Newsletter, Vol 18, No. 6, May 8, 2008 (pdf)

Mileage Reimbursement Rate for 2008
The Internal Revenue Service has announced an increase in the mileage reimbursement rate to $0.505 per mile, effective January 1, 2008. This is an increase from the $0.485 rate for 2007. (See Internal Revenue Procedure 2007-70, Internal Revenue Bulletin 2007-192, 11/27/07.) The new rate is for travel incurred on and after January 1, 2008, not your 2007 travel reimbursement claims submitted after January 1st.

HB 1114 - QEL Payroll Instructions

Last week the Office of Personnel Management and the Office of State Finance issued procedures for implementing the provisions of the Oklahoma HB 1114 passed last session which permits executive branch state agencies to make direct payments not to exceed $5,000.00 in any 12-month period and $15,000 total on behalf of an eligible employee to any private or public entity for qualified educational loan (QEL) expenses. For more specific information on limits and restrictions please read the instructions at: OSF/DCAR newsletter website at or OPM 07-35 at: http://www.ok.gov/opm/All_Appointing_Authority_Memos/2007_AAA_Memos.html

A new earnings code, object code, deduction code, TRC code and a new vendor have been established for use with this permissible benefit. Please read the instructions at the links above.

IMPORTANT NOTES for CORE Users:
These reimbursement payments should be done with the ON-CYCLE payrolls, not on off-cycles.
For specific navigation and processing instructions for the CORE PeopleSoft payroll system go to the CORE HR webpage.   If you have any questions, please contact the OSF Help Desk at 405 521-2444.

Object of Expenditure Account Code Listing, 10/19/05 (doc)

Tax Information