7955 - YEAR-END REPORT NO. 3
ADJUSTMENTS TO CONTROLLER'S ACCOUNTS
(Revised 03/02)
This year-end report identifies any adjustments needed to correct the central records maintained by the SCO as of June 30. However, this report does not correct the records of the SCO. A Transaction Request form, CA504, or correction letter must be sent to the SCO to correct the errors. The adjustments must also be reported on the Reconciliation of Agency Accounts with Transactions per State Controller, Report No. 15. Agencies will report to the SCO throughout the year all necessary adjustments as soon as possible after discovery of the errors. This will allow adequate processing time by the SCO during the year and reduce the backlog of work at the close of the fiscal year.
Report No. 3 consists of the forms below and is used to report adjustments to the following accounts:
- Form 576A - Assets and liabilities. The form must be completed when the adjustment is between funds or appropriations.
- Form 576B - Revenues and expenditures. The form contains preprinted account numbers and titles. The preprinted form must be completed to adjust the nominal accounts.
Agencies must submit an attachment (e.g., copy of transaction request, correction letter, etc.) to support the adjusting entries on Report No. 3.
If there are no adjustments to the SCO's accounts, a Report No. 3 is not required. The certification letter must disclose that a Report No. 3 has not been submitted. See SAM Section 7951.
