51-5-2. Legislative policy — General requirements. (1) Each administrative unit of state government shall comply with this chapter, which establishes the state’s fiscal procedures for state government funds. (2) Except when in conflict with constitutional and statutory provisions, each administrative unit of state government shall apply generally accepted accounting principles and fiscal procedures. (3) The […]
Effective 5/4/2022 51-5-4. Funds established — Titles of funds — Fund functions. (1) (a) (i) The funds enumerated in this section are established as major fund types. (ii) All resources and financial transactions of Utah state government shall be accounted for within one of these major fund types. (b) (i) All funds or subfunds shall […]
51-5-4.5. Housing Corporation exempt. The Utah Housing Corporation is exempt from this chapter. Amended by Chapter 71, 2005 General Session
51-5-5. Authority to establish funds or subfunds. The Division of Finance shall, when necessary, establish funds or subfunds, including budgetary and proprietary accounting funds or subfunds within the framework of the major fund types established by this chapter. Amended by Chapter 154, 1986 General Session
51-5-6. Accounting principles and specific accounting and financial reporting procedures. (1) The Division of Finance shall: (a) use generally accepted accounting principles applicable to governmental units in: (i) its accounting procedures; and (ii) its reports of the state’s financial position and results of operations in each fiscal period; and (b) note any deviation for budget […]
Effective 5/13/2014 51-5-7. Revenues and other resources of governmental funds subject to legislative review and appropriation. The revenues and other resources of the governmental funds are subject to legislative review and appropriation for each fiscal period. Amended by Chapter 430, 2014 General Session
51-5-8. Construction of terms and provisions relating to funds in other statutes. (1) Direct or indirect references to the word “fund,” or any other synonymous word contained in the Utah Code Annotated 1953, that is used to identify a separate accounting entity, means a fund account or subfund except where that fund meets the definition […]
