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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-23. Revolving Funds |
1(1) Requests to establish or modify a revolving fund must be submitted in writing to the Department. Requests shall be sent to:
23Bureau of Financial Reporting
27Department of Financial Services
31200 East Gaines Street
35Tallahassee, Florida 32399-0354
38or newaccountcode@myfloridacfo.com.
40(2) The Department will provide written approval of revolving fund requests indicating the approved dollar amount and types of expenditures when the written request is received, if the written request:
70(a) Is signed by the requesting agency’s Chief Financial Officer or equivalent,
82(b) Provides evidence of good cash management practices, and
91(c) Provides justification of the need to have the funds outside of the State Treasury.
106(3) Annually, the Department will notify selected agencies in writing of any revolving funds for which a continuation must be furnished.
127(4) The Department may reduce or cancel a revolving fund authorization due to an agency’s failure to comply with the revolving fund rules or authorization.
152Rulemaking Authority 15417.14, 15517.29 FS. 157Law Implemented 15917.14, 16017.29, 16117.58, 16217.65, 163216.271 FS. 165History–New 3-24-88, Amended 11-20-94, 1-27-98, Formerly 3A-23.003, Amended 11-8-12, 9-20-17, 8-8-23.
