Florida Regulations 69I-51.0012: Uniform Classification of Accounts for Units of Local Government
Current as of: 2024 | Check for updates
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(1) Pursuant to Florida Statutes § 218.33, the Department of Financial Services has authorized a uniform classification of accounts for use by local governmental entities. The aforementioned uniform classification of accounts, as organized under the Department’s “”Uniform Accounting System Manual, 2014 Edition,”” http://www.flrules.org/Gateway/reference.asp?No=Ref-05731, provides detailed guidance regarding the required reporting by local governmental entities of their respective assets, deferred outflows of resources, liabilities, deferred inflows of resources, revenues, and expenditures.
(2) The “”Uniform Accounting System Manual, 2014 Edition,”” is incorporated by reference herein and is available online at the Department’s website at http://www.myfloridacfo.com/Division/AA/Manuals/default.htm.
Rulemaking Authority 17.14, 17.29, 29.0085(3), 218.33(2) FS. Law Implemented 29.008, 29.0085, 129.01, 218.32, 218.33(2) FS. History-New 12-3-82, Formerly 3A-61.011, Amended 7-9-84, Formerly 3A-61.012, Amended 7-30-86, 1-30-89, 7-15-96, Formerly 3A-61.0012, 69I-61.0012, Amended 9-6-15.
Terms Used In Florida Regulations 69I-51.0012
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Rulemaking Authority 17.14, 17.29, 29.0085(3), 218.33(2) FS. Law Implemented 29.008, 29.0085, 129.01, 218.32, 218.33(2) FS. History-New 12-3-82, Formerly 3A-61.011, Amended 7-9-84, Formerly 3A-61.012, Amended 7-30-86, 1-30-89, 7-15-96, Formerly 3A-61.0012, 69I-61.0012, Amended 9-6-15.