Utah Code 63A-3-202.5. Comprehensive state accounting system — Approval of agency accounting systems — Cost accounting systems required
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(1) The director of the Division of Finance shall establish a comprehensive state accounting system.
Terms Used In Utah Code 63A-3-202.5
- accounting system: means :(1) a system that integrates into the state's general ledger accounting system;(2) a system used to summarize information that is manually entered into the state's general ledger accounting system;(3) a system used to collect and maintain:(3)(a) detailed financial information on each individual transaction or event; or(3)(b) information used to present the funds and activities of the state;(4) a system used to determine and demonstrate financial compliance with legal, federal, audit, and contractual provisions; or(5) a system similar to a system described in Subsections (1) through (4). See Utah Code 63A-3-202.1
- Department: means the Department of Government Operations. See Utah Code 63A-1-103
- Executive director: means the executive director of the Department of Government Operations. See Utah Code 63A-1-103
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) Officers, departments, agencies, and institutions of Utah may create and maintain accounting systems only with the approval of the director.(3) The director may, with the approval of the executive director, require any department or institution to install and maintain a cost accounting system that will disclose the unit cost of material or service produced or performed by a department.