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Financial Reporting

Using generally accepted accounting principles (GAAP), reporting includes Annual Comprehensive Financial Report (ACFR), Detailed Transaction Listings (DTL) and Supplemental Schedule of Expenditures of Federal Awards (SEFA)

Financial Reporting

The Financial Reporting section of OBM is primarily responsible for publishing the State's official Annual Comprehensive Financial Report, as authorized under Section 126.21(A)(9) of the Ohio Revised Code. The annual report covers all funds of the State's reporting entity and includes basic financial statements and required supplementary information prepared in accordance with generally accepted accounting principles (GAAP).

Services/Activities include:

  • Publishes the Ohio Annual Comprehensive Financial Report (ACFR) and develops the State's GAAP-compliant financial reporting policies and procedures.
  • Compiles the annual state of Ohio's Supplemental Schedule of Expenditures of Federal Awards (SEFA) and coordinates the State's federal Single Audit with the Ohio Auditor of State's Office.
  • Coordinates with state agencies regarding their responsibility for properly managing federal funds under the State's agreement with the U.S. Treasury, as required under the Cash Management Improvement Act.
  • Publishes the Detailed Appropriation Summary by Fund Report, which can be found on the Financial Reporting Page.