For monthly reporting, what specific date is crucial for compliance with OCA?

The correct date for compliance with the Office of the Comptroller of Accounts (OCA) regarding monthly reporting is the 15th day of the next month. This timing is crucial because it allows sufficient time for the monthly financial data to be collected, organized, and reported after the month has ended. Reporting by the 15th ensures that all transactions from the previous month have been accounted for and accurately reflected in the reports.

This timeline is essential for maintaining transparency and accountability in municipal financial operations, as it gives the necessary interval for any adjustments or reconciliations that may be required. Reporting on this date helps align with regulatory expectations and provides stakeholders with timely information for analysis and decision-making.