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Alerts Issued by the Office of the State Controller

The Alerts are sent to Higher Education and Non-Higher Education Controllers as notifications for any updates pertaining to financial impacts or reporting changes.  

Alert #241

Released: June 18, 2025

Subject:  

  • New Department Code
  • New Balance Sheet Accounts
  • New Revenue Source Codes
  • New Revenue Source Class
  • Transfer Code Name Changes and Revised Guidance
  • Statutory Transfers
  • Statutory Transfer Completion Certificate on the Quarterly Reporting
  • Elimination of Roll-Forward Authority for a State Department’s Utilities Line Item
  • Changes to the Six-Month Capital Construction Encumbrance Requirement and Timeline to Spend Supplemental Capital Construction Appropriations
  • GASB 101 and GASB 102
  • SLFRF Reversion Notification to the OSC
  • SLFRF Diagnostic IHE Capital Balancing Report Revised
  • Refi Capital Construction Obligation and Expenditure End Date Clarification
  • SLFRF/Refi FY25 Budget Restrictions may be Released with the Passage of SB25-312
  • SB25-312 SLFRF/Refi ARPA Refinance True-Up Implementation
  • OSC Staffing Changes
  • Senate Bill 25-173 – Expanded Definitions of TABOR-Exempt Property Sales
  • FSU Schedule of Extended Year-End Coverage

Alert #240

Released: December 19, 2024

Subject:

  • New Revenue Source Codes
  • New Revenue Source Class Codes
  • December SLFRF Reallocations Authorized in House Bill 24-1466
  • Accrual of Unencumbered Unpaid SLFRF Expenditures Incurred in December
  • Accounting Clarifications for ARPA Refinance Funds
  • Budget Clarifications for SFLRF Funds
  • Budget Clarifications for Refinance Funds
  • SLFRF FY24 Year-End Clarifications
  • Capital Asset Threshold Change for Equipment from $5,000 to $10,000 Effective October 1, 2024
  • OSC Staffing Changes

Alert #239

Released 7/11/2024
Subject:
  • Update to Diagnostic Reports
  • New Revenue Source Codes
  • Information Technology Annual Depreciation-Lease Equivalent Payments
  • Changes to TABOR Enterprise Accounting and Reporting
  • IT Accessibility Rollforwards
  • Quarterly Reporting
  • SLFRF Refinanced Grants and Contracts
  • SLFRF Refinance Appropriation Clarification for Reappropriated and Continuously Appropriated Funds
  • Secondary SLFRF Refinance Transfers
  • SLFRF Overexpenditure Clarification
  • SLFRF Pre-Reversion Transfers
  • New SLFRF Agency Assignments
  • OSC Staffing Changes

Alert #238

Released 5/23/2024
Subject:
  • Refinance of Federal Coronavirus Recovery Funds Procedures
  • Percentage of Employees Expected to Retire with PERA Benefits
  • New Common Policy Lines in FY25
  • FSU Schedule of Extended Year-End Coverage

Alert #237

Released 3/12/2024
Subject:
  • New Object Codes
  • Object Code Changes
  • New Revenue Source Code
  • New Balance Sheet Account
  • OSC seeking COFRS COA Quick Reference
  • Federal Reporting Cutoff Date Modifications Due to CORE Upgrade 
  • FY24-FY25 Open/Close Online Training - Save The Date
  • OSC Staffing Changes