La. Admin. Code tit. 34 § IX-503

Current through Register Vol. 50, No. 11, November 20, 2024

Section IX-503 - Financial Accounting

A. Scope. A double entry financial accounting system provides a full accounting of all property requested, screened, received, issued, and disposed of, plus income, expenses, and status of the revolving fund. The system includes:

1. distribution documents (invoices);

2. accounts payable;

3. accounts receivable;

4. sale register (issues);

5. property receipts register;

6. deposit slips and vouchers;

7. cost center responsibility report (budget control);

8. general ledger;

9. payment of bills and expenses;

10. monthly financial report;

11. in-use inventory;

12. State Property Inventory Control Report;

13. record of disposals;

14. statistical analysis reports.

La. Admin. Code tit. 34, § IX-503

Promulgated by the Office of the Governor, Division of Administration, Federal Property Assistance Agency, LR 3:413 (October 1977), amended LR 9:840 (December 1983), repromulgated by the Office of the Governor, Division of Administration, Property Assistance Agency, LR 24:32 (January 1998).

AUTHORITY NOTE: Promulgated in accordance with 41 CFR 101-44 and P.L. 94-519.