The bill addresses the submission of the Paid Prior Year Deficiency Report for Fiscal Year 2025, detailing expenditures totaling $25,243,835.92 across 51 departments. It specifies that $7,711,880.49 was spent from accounts with sufficient funds, while $17,531,955.43 came from accounts with insufficient funds, with funding for these deficiencies recouped from current year appropriations. The report also anticipates further spending during the Accounts Payable period, concluding on August 31, and includes specific financial details for various departments, highlighting necessary appropriations to address prior year deficiencies.

Additionally, the bill introduces new legal language regarding the handling of vendor invoices and unexpected bills, emphasizing the need for departments to file supplemental budgets or settle with a departmental prior year deficit (PYD) when faced with insufficient funds. It also addresses issues related to misplaced invoices and the importance of timely submission and reconciliation to avoid complications at the fiscal year-end. Overall, the bill aims to streamline financial operations and ensure that departments can effectively manage outstanding invoices while maintaining operational continuity.