10310729, 6A-1.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 10310729

Notice of Development of Rulemaking

Department:

DEPARTMENT OF EDUCATION

Division:

State Board of Education

Chapter:

FINANCE AND ADMINISTRATION

Overview

RULE:

6A-1.001	District Financial Records
6A-1.004	School District Budget Requirements
6A-1.0071	Fiscal Reporting Dates
6A-1.038	Funding and Refunding of School District Indebtedness

PURPOSE:

The purpose of the development for Rule 6A-1.001, F.A.C., is to propose changes to, Financial and Program Cost Accounting and Reporting for Florida Schools as incorporated by reference. Changes in law, accounting principles, and district practices require periodic revision of this publication, which includes the chart of accounts. Anticipated changes to the chart of accounts include: (1) modify balance sheet accounts in accordance with Governmental Accounting Standards Board (GASB) Statement 54; (2) modify revenue accounts for federal programs based on changes in legislation and reporting; (3) modify revenue accounts for state programs in accordance with changes in state funding; (4) modify local revenue accounts for changes in fee structures; (5) modify fund and account group structure for consistency with GASB Statement 54; (6) clarify Function and Object code definitions; (7) provide accounting guidance in accordance with GASB Statement 54 in Chapter 2; and (8) modify Chapter 5, Program Cost Accounting and Reporting, to reflect changes in legislation. The purpose of the development for Rules 6A-1.004 and 6A-1.038, F.A.C., is to align the rules with the provisions in Chapter 2011-175, Laws of Florida, which took effect on July 1, 2011. The 2011 legislation deleted the requirement that the Commissioner of Education review the budget of district school boards and the requirement that the Department of Education approve the budget of district school boards. The purpose of the development for Rule 6A-1.0071, F.A.C., is to add Form ESE 374, Schedule of Maturities of Indebtedness, and Form ESE 523, Information Concerning Authorized Obligation Under Sections 1011.14 and 1011.15, Florida Statutes, to the submission of the school district annual financial report. The effect will be rules aligned with Florida Statutes.

SUBJECT:

District financial records, budget submission procedures, and annual financial reporting submission procedures.

RULEMAKING AUTHORITY:

1001.02(1), 1010.01, 1010.20, 1011.03(4), 1011.16, 1011.60(1), 1011.60(5) FS.

LAW:

200.065, 1001.42(13)(b), 1010.01, 1010.20, 1011.01(3), 1011.02, 1011.03(4), 1011.16, 1011.60(1), 1011.60(5) FS.

PRINT PUBLISH DATE:

8/19/2011 Vol. 37/33

RELATED STATUTES
AND LAWS:

1001.02(1), 1010.01, 1010.20, 1011.03(4), 1011.16, 1011.60(1), 1011.60(5) FS., 200.065, 1001.42(13)(b), 1010.01, 1010.20, 1011.01(3), 1011.02, 1011.03(4), 1011.16, 1011.60(1), 1011.60(5) FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=6A-1.001&PDate=8/19/2011&Section=1

REFERENCE MATERIALS:

No reference(s).

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