Meeting of the Advisory Board to the Comptroller – Thursday, July 11, 2024 at 10:30am
WHO: The Advisory Board to the Comptroller
WHAT: Meeting to review Statewide Single Audit Report for Fiscal Year 2023
WHEN: Thursday, July 11, 2024 at 10:30am
WHERE: Virtually, via Zoom
Dial-in: (929) 205-6099
Meeting ID: 891 8872 2331
Passcode: 168178
The Advisory Board to the Comptroller (the “Board”) will hold a virtual meeting on Thursday, July 11, 2024 at 10:30am via Zoom. The Board is expected to review a draft report of the Statewide Single Audit for Fiscal Year 2023, which is conducted by an external audit firm, CliftonLarsonAllen, LLP (CLA). The meeting is a public meeting subject to the Open Meeting Law.
The formal meeting notification is available at this link.
The Statewide Single Audit is an entity-wide audit of the Commonwealth of Massachusetts that includes its financial statements and the expenditures of federal awards by all state agencies (excluding institutions of higher education). The audit reviews internal controls and compliance over financial reporting and federal programs. The focus is on the use of federal funds, which must be shown to be properly spent within program rules, with accurate accounting and controls, and administered through secure systems. The flow of federal dollars to Commonwealth programs is based on meeting these requirements. The Statewide Single Audit is conducted in accordance with the federal Office of Management and Budget’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Government Auditing Standards.
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 agency charged with overseeing the Commonwealth’s financial systems, preparing the annual financial reporting, and managing the external single audit process. In addition, CTR oversees the Commonwealth’s general ledger, payroll and vendor management, trains state employees on risk mitigation, and operates the Commonwealth’s financial system.
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.