Bill
SD 3194
Overview: SD 3194, Prior Year Deficiency Report—FY2025, Accounts Payable & Final FY2025, Placed on file, Introduced on September 15, 2025 (proposed bill)Purpose and Intent: This pr
Overview: SD 3194, Prior Year Deficiency Report—FY2025, Accounts Payable & Final FY2025, Placed on file, Introduced on September 15, 2025 (proposed bill)
Purpose and Intent: This proposed bill would require the state's Executive Office of Administration and Finance to submit a comprehensive report on the prior fiscal year's (FY2025) deficiency accounts, accounts payable, and final budget figures. The report would provide lawmakers with detailed information about the state's financial position and any outstanding obligations from the previous fiscal year.
Key Provisions:
- Mandates the submission of a "Prior Year Deficiency Report" by October 1st of each year
- Requires the report to include:
- A detailed accounting of all deficiency accounts and outstanding obligations from the prior fiscal year
- Final revenue and expenditure figures for the prior fiscal year
- An analysis of any variances between budgeted and actual amounts
- Directs the report to be filed with the legislature's committees on Ways and Means
Affected Parties and Impacts:
- State policymakers and budget committees who will use the report to inform current and future fiscal planning
- State agencies and departments whose prior-year spending and obligations are documented in the report
- Taxpayers, who have an interest in the state's financial transparency and accountability
Procedural and Timeline Considerations:
The proposed bill has been placed on file, indicating that it is currently under consideration by the legislature. If enacted, the first "Prior Year Deficiency Report" would be due by October 1, 2026, covering the FY2025 fiscal year.
Compiled from official sources — confirm details with the bill’s official record.
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