1. A state agency that uses an invoicing and billing procedure shall record the revenue receivable from those billings in the central accounting system of this state. 2. As used in this section, “state agency” means an agency, bureau, board, commission, department, division or any other unit of the Executive Department of the State Government. […]
1. The modified accrual or accrual basis of accounting, as appropriate, must be utilized in measuring financial position and operating results. 2. Revenues and expenditures concerning governmental funds must be recognized on the modified accrual basis. Revenues must be recognized in the accounting period in which they become available and measurable. Expenditures must be recognized […]
1. Generally accepted accounting principles must be followed throughout the accounting procedures and reporting of the State’s financial position and results of operations in each fiscal period for each fund and account group. 2. Any elective state officer, any state board or commission and any head of a state department shall provide to the State […]
