To incorporate by reference an updated version (2023) of the “Financial and Program Cost Accounting and Reporting for Florida Schools” (Red Book) publication. Changes in law, accounting principles and district practices ....

Document Information

Comments Open:: 12/13/2023
Summary:: The superintendent of each school district is responsible for keeping adequate records and accounts of all financial transactions in the manner prescribed by the commissioner in “Financial and Program Cost Accounting and Reporting for Florida Schools” (Red Book), which is incorporated by reference in rule 6A-1.001, F.A.C. The Red Book is being amended to conform to recent Governmental Accounting Standards Board statements and to change titles and descriptions of accounts.
Purpose:: To incorporate by reference an updated version (2023) of the “Financial and Program Cost Accounting and Reporting for Florida Schools” (Red Book) publication. Changes in law, accounting principles and district practices require periodic revision of this publication, which includes a chart of accounts. The effect is that districts will have an updated chart of accounts to use.
Rulemaking Authority:: 1001.02(1), (2)(n), 1010.01 1011.07(2), F.S.
Law:: 1010.01, 1010.20, 1011.07, F.S.
Related Rules: (1): 6A-1.001. District Financial Records