9 NYCRR 1646-7.8

Each quarterly financial report submitted by a local agency shall include a schedule of contract awards, substantially in the same form as shown in Exhibit 26 of Appendix S-11. This schedule shall continue to be submitted until all obligations represented by contract commitments have been liquidated. The information for the preparation of the schedule of contract awards will be derived from the contractors ledger (see § 1642-3.12) and it follows that the totals of the schedule will always be in agreement with the general ledger control accounts for Contract Awards (account 2400) and Contract Retentions (account 2112). The information as to the contract payments for advances for materials stored is obtained from line 16 of the periodical estimate for partial payment (see Exhibit 14 of Appendix S-11). Each periodical estimate will have the current figure shown on this line, until by the end of construction, the amount should be zero.