16725048, 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: 16725048

Notice of Proposed Rule

Department:

DEPARTMENT OF EDUCATION

Division:

State Board of Education

Chapter:

FINANCE AND ADMINISTRATION

Overview

RULE:

6A-1.001

District Financial Records

PURPOSE:

The purpose of this amendment is to update the “Financial and Program Cost Accounting and Reporting for Florida Schools.” Changes in law, accounting principles and district practices require periodic revision of this publication, which includes the chart of accounts.

SUMMARY:

Rule 6A-1.001, F.A.C., is amended to update the publication “Financial and Program Cost Accounting and Reporting for Florida Schools.” Changes in the publication and the chart of accounts include: (1) account modification and addition of elements of financial statements for presentation in accordance with the Governmental Accounting Standards Board (GASB) principles; (2) addition of revenue accounts, including new accounts for major entitlement programs; (3) modification of revenue account titles and definitions to clarify reporting purposes; (4) removal of obsolete revenue accounts; and (5) modification of expenditure functions to clarify reporting purposes.

RULEMAKING AUTHORITY:

1010.01, Florida Statutes.

LAW:

1010.01, Florida Statutes.

PRINT PUBLISH DATE:

11/5/2015 Vol. 41/216

COMMENTS:

From 11/5/2015 To 11/26/2015 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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