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

NASACT Joint Middle Management Conference Scheduled for OK

Looking for great CPE with national speakers at a local venue? Then, you're in luck! The National Association of State Auditors, Comptrollers and Treasurers is bringing its Joint Middle Management conference to Oklahoma City. There are dual tracks for auditors and financial managers. Visit the conference Web page (link opens in a new window) to learn more and reserve your spot today!

2009 Comprehensive Annual Financial Report

2009 CAFR (.pdf, 177 pp, 3.9 MB - Issued: Dec. 31, 2009), FY ended June 30, 2009

Volume 20, FY 2010

Vol 20, No. 5 - Jan. 12, 2010 (.doc, 8 pp, 129 KB)
Vol 20, No. 5 - Jan. 12, 2010 (.pdf, 8 pp, 78

• Cut-off times for Deposits and Transfers on Friday Jan. 15
• Employee Tax Refunds
• Correcting W-2s
• Reporting Requirements for Repayments of Prior Year Wage Amounts
• Employee IRS Forms W-4 and W-5
• 1099 M Corrections
• OSF Form EWC – Electronic Warrant (Payment) Cancellation
• Calendar Year 2010 P-Card Pay Cycle
• Revised Account Code – 535180
• ODOT Oklahoma Mileage Table Updated
• State Treasurer’s Agency Online User Access Validation
• Internal Controls Corner – Additional Reminders
• Authorized Pay Groups – SP Restricted
• Completion of the Comprehensive Annual Financial Report for FY-2009
• AGA Grants Management Training Available
• Training Opportunity
• January 27, 2010 Audio Conference

Appendix A3: OSF Object of Expenditure Code

• Word version (62 pp, 245 KB)