California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 2 - State Controller
Subchapter 3 - Accounting Procedures for Special Districts
Article 2 - Water Utility Districts
Section 1041.12 - Options
Universal Citation: 2 CA Code of Regs 1041.12
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
In addition to the options afforded in Sections 1041.4 and 1041.8, the district may exercise an option on the following:
(a) Cash discounts on purchases may be accounted as revenue or as a reduction of purchase price.
(b) After posting employee benefits to the General and Administrative cost centers, they may be reallocated to the other cost centers.
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