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Operational Advisory
Office of Operations
Bureau of State Accounting Operations

Advisory Number: 6
Advisory Name: Lapsing Notice and Reminders
Date Issued: 06/02/2014 Date Last Updated: 08/30/2017
Subject:
Lapsing Notice and Reminders

Guidance:
The Office of the State Comptroller (OSC) has completed recording all re-appropriations contained in the 2017-2018 fiscal year enacted budget. All appropriations scheduled to lapse on September 15, 2017 (September 29, 2017 for SUNY/CUNY) should now contain the appropriate lapse date.

Agencies should review appropriations scheduled to lapse on September 15, 2017 (September 29, 2017 for SUNY/CUNY) - utilizing the SFS report NYKK0004 as detailed in the Guide to Financial Operations, Chapter XVII, Section, 2.A.1 - NYKK0004 Appropriations Due To and Not Due to Lapse Report, and report any discrepancies to OSC as instructed.

Agencies are reminded to refer to the Guide to Financial Operations, Chapter XVII, Section 3 - Lapsing Transaction Deadlines, for valuable guidance related to lapsing.

Agencies should monitor the pending transactions for lapsing budgets utilizing SFS report NYAP1547 as detailed in the Guide to Financial Operations, Chapter XVII, Section 2.A.2 - NYAP1547 Pending Transactions for Lapsing Budgets Report, and take appropriate action on each transaction included on the report.

Agencies are also encouraged to visit the Lapsing Information for State Agencies page at: http://www.osc.state.ny.us/agencies/lapsing/index.htm.

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