California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 2 - State Controller
Subchapter 3 - Accounting Procedures for Special Districts
Article 5 - Transit Districts
Section 1071.3 - Funds

It is recommended that, unless the district is legally required to account for specific resources in separate funds, all accounting be done in one fund. In the event additional funds are required, they should be classified according to the standard list in Section 1072.

While the fund is a separate fiscal and accounting entity, separate bank accounts should not be established unless legally required.

Operators providing charter or handicapped and elderly services should maintain records of operation for each of these services to facilitate determining operating ratios for state subvention purposes.

1. Amendment filed 8-12-80; effective thirtieth day thereafter (Register 80, No. 33).

Note: Authority cited and Reference: Section 53891, Government Code and Section 99243, Public Utilities Code.