Summary


Rule 6A-1.001, F.A.C., is amended to update the publication “Financial and Program Cost Accounting and Reporting for Florida Schools.” Changes in the publication and the chart of accounts include: (1) account modification and addition of elements of financial statements for presentation in accordance with the Governmental Accounting Standards Board (GASB) principles; (2) addition of revenue accounts, including new accounts for major entitlement programs; (3) modification of revenue account titles and definitions to clarify reporting purposes; (4) removal of obsolete revenue accounts; and (5) modification of expenditure functions to clarify reporting purposes.