The bill addresses the submission of the Paid Prior Year Deficiency Report for Fiscal Year 2026, as required by existing legislation. The report, prepared by the Office of the Comptroller, outlines expenditures related to prior year deficiencies across ten departments, totaling $1,606,118.37. This amount includes funds from accounts that reverted to the General Fund and those that did not. The bill emphasizes the importance of proper fund allocation and recoupment processes, providing a detailed breakdown of expenditures by department, which enhances transparency in financial management.

Additionally, the bill introduces new provisions for managing vendor invoices and handling insufficient funds within departments. It allows departments to file a supplemental budget or settle with a prior year deficit when unexpected bills arise, and clarifies the process for managing late invoices. The bill also addresses issues related to misplaced invoices and data entry errors, ensuring that departments pay the correct vendors before the fiscal year ends. Overall, the legislation aims to improve fiscal accountability and operational efficiency by providing clearer guidelines for managing financial obligations and enhancing the transparency of budget allocations across departments.