The cash basis city financial reporting deadline has been extended from March 31 to May 15.
The Office of the State Auditor (OSA) announced last week that it is automatically providing cash basis cities and townships with a 45-day reporting extension from the original March 31, 2020 due date. The 2019 information is now due on May 15, 2020.
Since this is an automatic extension, cities and townships do not need to contact the Government Information Division (GID) to request an extension.
The OSA announcement was in response to Executive Order 20-22, which Gov. Tim Walz issued on March 27. The order provides the OSA with discretion to suspend, extend, or otherwise modify any state statutorily imposed deadline or reporting requirement local governments have related to the function of the OSA.
The extension the OSA announced last week applies only to the 2019 Annual Financial Reporting Form and Financial Statements/Audit for cash basis cities and townships. The information must be submitted through the State Auditors Form Entry System (SAFES).
At this time, the OSA is not providing any automatic extensions for GAAP-based city reports that are due June 30, but the OSA will continue to monitor the situation and may issue subsequent guidance.
For more information about general reporting requirements, the OSA referred cities to the frequently asked questions on the OSA website.
City officials can also contact the OSA at GID.OSA@osa.state.mn.us or (651) 297-3682.
For more background information about this issue, read a previous article.