Louisiana Administrative Code
Title 34 - GOVERNMENT CONTRACTS, PROCUREMENT AND PROPERTY CONTROL
Part IX - Federal Property Assistance Agency
Chapter 5 - Inventory Control and Accounting System
Section IX-503 - Financial Accounting
Universal Citation: LA Admin Code IX-503
Current through Register Vol. 50, No. 9, September 20, 2024
A. Scope. A double entry financial accounting system provides a full accounting of all property requested, screened, received, issued, and disposed of, plus income, expenses, and status of the revolving fund. The system includes:
1. distribution documents
(invoices);
2. accounts
payable;
3. accounts
receivable;
4. sale register
(issues);
5. property receipts
register;
6. deposit slips and
vouchers;
7. cost center
responsibility report (budget control);
8. general ledger;
9. payment of bills and expenses;
10. monthly financial report;
11. in-use inventory;
12. State Property Inventory Control
Report;
13. record of
disposals;
14. statistical analysis
reports.
AUTHORITY NOTE: Promulgated in accordance with 41 CFR 101-44 and P.L. 94-519.
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