COMPTROLLER'S MEMORANDUM NO. 01 (2000-2001)
SUBJECT: REQUIRED USE OF A STATE PROGRAM CODE ON ALL REVENUE TRANSACTIONS
Effective May 1, 2001, all revenues (those transactions that affect general ledger code 6XXXX) must carry, at a minimum, a state standard (10-digit) state program code. This requirement is a result of implementation of Governmental Accounting Standards Board (GASB) Statement 34, Basic Financial Statements – and Management's Discussion and Analysis – for State and Local Governments.
GASB Statement 34 must be implemented by the State of Florida for the fiscal year ending June 30, 2002. This statement requires that all governmental activities report revenues and expenditures on the entity-wide statement of activities at a minimum by function. For the State of Florida the state program code is equivalent to GASB's definition of a function. In the past several transaction codes have allowed revenues to be entered into FLAIR without carrying a state program code. Effective May 1, 2001, an edit will be added that will require a state program code for entries that affect general ledger code 6XXXX. The new state program code edit in FLAIR for revenues will affect the following transaction codes:
|11||Master File LTD Adjustment|
|30||Direct Deposit Receipts|
|31||Clearing Fund Receipts|
|33||Direct Deposit Receivables Receipts|
|34||Clearing Fund Receivables Receipts|
|91||Memo Accounts Receivable|
|97||JT Receivables Receipts|
If you have any questions or need additional information, please contact the FLAIR Help Desk or contact Molly Merry, Bureau of Accounting at 410-9358, SUNCOM 210-9358, or e-mail at email@example.com.