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Florida Administrative Code (Last Updated: April 18, 2024) |
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69. Department of Financial Services |
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69I. Division of Accounting and Auditing |
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69I-71. Adjustment For Unaccounted For Property And Adjustment, Settlement And Recovery Of Accounts Receivable Of Local Governmental Units |
1As used in these rules, the following terms shall apply:
11(1) “Accounts receivable” means any claim for funds, moneys or other property which is required by generally accepted accounting principles, as defined by Statement On Auditing Standards No. 69 (January 1992) applicable to state and local governments and published by the American Institute of Certified Public Accountants, to be recorded as a receivable in the records of a governmental unit.
71(2) “Custodian” means the person to whom the custody of property owned by the governmental unit has been delegated by the governmental unit. In each county, the sheriff shall be the custodian of property of the sheriff.
108(3) “Department” means the Department of Financial Services, Division of Accounting and Auditing.
121(4) “Governmental unit” means the governing board, commission or authority of a county, district school board, community college district, or special district as defined in section 147189.403, 148Florida Statutes. For purposes of adjustment for unaccounted for property of the sheriff of the county, “governmental unit” means the sheriff of the county. For purposes of rules 17669I-71.004 177and 17869I-71.005, 179F.A.C., “governmental unit” does not include a community college district.
189(5) “Property” means fixtures and other tangible personal property as defined in section 202274.02, F.S.
204(6) “Reported to the Department” means the receipt by the Department of a written description of the unaccounted for property or accounts receivable of a governmental unit. With regard to unaccounted for property, the written description must include the property control number or other means to identify the property in the records of the governmental unit. With regard to accounts receivable, the written description must provide the name of the obligor, the nature of the obligation, and the amount of the accounts receivable of the governmental unit.
291(7) “Resolution” means the written expression of the sheriff or the governing board, commission, or authority of a governmental unit to request approval from the Department to adjust the property records or to settle accounts receivable pursuant to section 33017.041, F.S.
332(8) “Unaccounted for property” means property of a governmental unit that cannot be physically located by the governmental unit and which has not been disposed of otherwise in a manner authorized by law.
365Rulemaking Authority 36717.29 FS. 369Law Implemented 37117.041 FS. 373History–New 2-23-95, Formerly 3A-71.002.
