[ACFR-contacts-news] Compensated absence entries

[HAMILTON Robert W * DAS]

Good afternoon ACFR Contacts,

Following up on the email below from last week, after considering our options and the related impacts, we've concluded that agencies should enter the FY 2023 compensated absence information as presented to them by their SARS analyst. While concerns about the adjusted value of accrued leave remains, we do believe the adjusted value of ending leave is correct, which is of particular importance for the ACFR. We'll employ alternative measures to report the increases and decreases in compensated absences within the notes to the ACFR for FY 2023. For agencies with external financial reporting requirements that need to disclose the increases and decreases in compensated absences, please reach out and I'll be happy to discuss our alternative measures in detail.

Thank you,

Rob

From: Acfr-contacts-news <acfr-contacts-news-bounces at omls.oregon.gov> On Behalf Of HAMILTON Robert W * DAS
Sent: Friday, July 28, 2023 8:36 AM
To: acfr-contacts-news at omls.oregon.gov
Subject: [ACFR-contacts-news] Compensated absence entries

Good morning ACFR Contacts,

A number of agencies have reached out to their SARS analysts with concerns about the compensated absence information for FY 2023 that was provided to them. In particular, the adjusted value of accrued leave appears to be problematic. As we dig further into this issue, please hold off from entering and releasing their compensated absence information to minimize agency rework. I expect to have an update the middle of next week.

I am sorry about this and I'm grateful to those agencies that brought this to our attention.

Rob

Robert W. Hamilton, CPA
Statewide Accounting and Reporting Services Manager
Chief Financial Office
Department of Administrative Services
Cell: (971) 719-3031
http://www.oregon.gov/DAS/financial/acctng

Data Classification: Level 1 - Published

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