California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 2 - State Controller
Subchapter 3 - Accounting Procedures for Special Districts
Article 4 - Harbor and Port Districts
Section 1061.2 - Accounting Method and Basis
Universal Citation: 2 CA Code of Regs 1061.2
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
The enterprise approach having as its objective the determination of financial position and the results of operations by fiscal period, is prescribed. Accounts shall be kept by the double-entry method on the accrual basis, with the exception of assessments and ad valorem taxes, for which the accrual basis is optional.
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