Meeting Notification: Advisory Board to the Comptroller: December 21, 2022 at 12:00pm
The Advisory Board to the Comptroller (the “Board”) will hold a virtual meeting on Wednesday, December 21, 2022 via Zoom. The Board is expected to review a draft of the Statutory Basis Financial Report for Fiscal Year 2022, which is prepared by Office of the Comptroller staff and reviewed by the state’s independent external auditors, CliftonLarsonAllen, LLP (CLA). The meeting is a public meeting subject to the Open Meeting Law.
The formal meeting notification is available at https://www.macomptroller.org/wp-content/uploads/advisory-board_2022-12-21_meeting-notification.pdf.
The Statutory Basis Financial Report meets state finance law requirements to present fairly the results of fiscal year activity in the Commonwealth of Massachusetts funds, to compute and certify the balance in the Commonwealth Stabilization (“Rainy Day”) Fund, and to disclose and report certain aspects of financial performance as directed by statute.
About the Advisory Board to the Comptroller
The Board was created pursuant to M.G.L. c. 7A, § 2.
The Board meets to provide advice and counsel to the Comptroller in the performance of his duties. The Board shall be responsible for reviewing any rules or regulations promulgated by the Comptroller prior to their implementation. The Board shall also review, prior to publication, the annual financial report of the Commonwealth, published by the Comptroller.
About the Office of the Comptroller
The Office of the Comptroller of the Commonwealth of Massachusetts (CTR) is an independent and apolitical overseer of governmental and other funding sources, totaling more than $94 billion in revenue and $95 billion in spending in Fiscal Year 2021. In addition, the Office of the Comptroller oversees the Commonwealth’s expenditure, payroll management, and major audit functions. As stewards of the public trust, we aspire to inspire confidence by maintaining our core principles: clarity, integrity, and accountability. The powers and obligations of the Office of the Comptroller are generally dictated by M.G.L. c. 7A.
The Comptroller of the Commonwealth is William McNamara, who has served as the 20th Comptroller since February 2020.