New York State is subject to specific accounting and administrative requirements for the federal funds it receives and disburses. Many of these requirements are mandated by the Federal Program Information Act of 1977, as amended; Federal Single Audit Act of 1984 (Single Audit), as amended; and the Federal Cash Management Improvement Act of 1990 (CMIA), as amended, which is presented in Section 4 of this chapter. With few exceptions, the SFS is the primary source of information relating to the status of federal grant funds. The federal award and CFDA numbers contained in the state’s accounting system are essential to assure that information provided to the Federal Government is complete and accurate in all material respects. Following is a general description for how and why this information is used.

Guide to Financial Operations

REV. 03/19/2012