Defined Contribution Retirement System Guidance - 04/28/2008 Local Finance Notice 2008-10 provides important information regarding the new Defined Contribution Retirement Program that affects various local unit employees. It contains the guidance adopted by the Local Finance Board concerning positions that are covered under the DCRP system; employees that are substantially similar to gubernatorial and State Senate advice and consent, and individual exceptions to it. Return to Top Sale of Surplus Personal Property – Use of Online Auctions - 04/28/2008 Local Finance Notice 2008-9 updates Division guidance on using online auction services for the sale of surplus public property. The guidance simplifies previous procedures and takes effect immediately. It provide direction on how to use the various online auction systems to ensure compliance with State law. Return to Top IRS Revises Taxable Fringe Benefits Guide - 02/19/2008 The Internal Revenue Service (IRS) Office of Federal, State and Local Governments has issued an updated Taxable Fringe Benefits Guide. According to the IRS, the guide can be a helpful tool for anyone responsible for determining the taxability, withholding, and reporting requirements for employee fringe benefits by providing a basic understanding of the tax issues and reporting under the Internal Revenue Code, regulations, and procedures. A copy of the guide can be found on the Federal Government Relations page of the GFOA Web site Return to Top Vehicle Manufacturers' Ordering Cut-off Dates - 01/25/2008 The Division of Purchase and Property has posted an up-to-date list of 2008/2009 state contract vehicle manufacturer's ordering cut-off  dates.  It is on the web at www.state.nj.us/treasury/purchase/mnmaster.pdf .  E-mail njcooperative.purchasing@treas.state.nj.us any questions Return to Top Bid Acceptance Date Limits - 01/07/2008 Local Finance Notice 2008-1 provides information about limits on dates public bids can be accepted. This will assist local units remain in compliance with State laws limiting the receipt of bids on Mondays and days after State or federal holidays. Please share this with appropriate personnel in your organization. Return to Top