Revenue and Budget Reporting (language only)

Item 272 #2s

Language
Page 203, line 43, strike "The" and insert "A.The"
Page 203, after line 46, insert:
"B. As a condition of the appropriation in this item, the Department shall provide to the Chairmen of the House Appropriations and Senate Finance Committees the expenditure and revenue reports necessary for timely legislative oversight of state finances. The necessary reports include monthly and year-end versions and shall be provided in an interactive electronic format agreed upon by the Chairmen of the House Appropriations and Senate Finance Committees, or their designees, and the Comptroller. Delivery of these reports shall occur by way of electronic mail or other methods to ensure their receipt within forty-eight hours of their initial run after the close of the business month."

Explanation
(This amendment requires the Department of Accounts to provide monthly and year-end revenue and expenditure reports generated by the Commonwealth's financial and accounting systems when those reports become available and in a spreadsheet or other interactive electronic form. The current delivery method results in lengthy delays and provides information in formats that cannot be analyzed by computer spreadsheets and other software.)