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<DIV><SPAN class=589303716-24052010><FONT face=Arial size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Hello Everyone,</SPAN></FONT><FONT
face=Arial size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><?xml:namespace prefix = o ns =
"urn:schemas-microsoft-com:office:office"
/><o:p> </o:p></SPAN></FONT></DIV>
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<P class=MsoNormal><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">SARS has
just completed a draft policy on <SPAN class=589303716-24052010>cash and
cash equivalents</SPAN>. The purpose of this <SPAN
class=589303716-24052010>revised </SPAN>policy is to bring the state’s financial
reporting into <SPAN class=589303716-24052010>alignment</SPAN> with <SPAN
style="FONT-STYLE: italic">GASB <SPAN class=589303716-24052010>Statement
No. 9 </SPAN></SPAN><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p><SPAN
class=589303716-24052010>regarding the generally accepted definitions of both
cash and cash equivalents. </SPAN></o:p></SPAN>The effective date for this
policy is <SPAN class=589303716-24052010>June 9, 2010 and the revised
definitions should be used for FY 2010 reporting.</SPAN></SPAN><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></P>
<P class=MsoNormal><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">All
agencies are asked to review the proposed policy and provide <SPAN
class=589303716-24052010>any </SPAN>comments to <SPAN
class=589303716-24052010><SPAN class=844120918-25052010>Scott Smyth
</SPAN></SPAN>by <B><SPAN style="FONT-WEIGHT: bold"><SPAN
class=589303716-24052010>June 7</SPAN></SPAN></B>.</SPAN></P>
<P class=MsoNormal><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><A
title=http://egov.oregon.gov/DAS/SCD/SARS/oam_comments.shtml
href="http://egov.oregon.gov/DAS/SCD/SARS/oam_comments.shtml">http://egov.oregon.gov/DAS/SCD/SARS/oam_comments.shtml</A></SPAN></P></DIV></SPAN></DIV>
<DIV><FONT face=Arial size=2><STRONG>Scott Smyth, CPA</STRONG></FONT></DIV>
<DIV align=left><FONT face=Arial size=2>Senior Accounting Analyst</FONT></DIV>
<DIV align=left><FONT face=Arial size=2>Department of Administrative
Services</FONT></DIV>
<DIV align=left><FONT face=Arial size=2>Statewide Accounting and
Reporting</FONT></DIV>
<DIV align=left><FONT face=Arial size=2>503-373-7277, ext. 276</FONT></DIV>
<DIV align=left><FONT face=Arial size=2><A
href="http://oregon.gov/DAS/SCD/SARS">http://oregon.gov/DAS/SCD/SARS</A></FONT></DIV>
<DIV align=left><FONT face=Arial size=2><FONT face=Arial size=2>Data
Classification: Level 1 - Published</DIV></FONT></FONT>
<DIV align=left><FONT face=Arial size=2></FONT> </DIV>
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