Louisiana Administrative Code
Title 4 - ADMINISTRATION
Part V - Policy and Procedure Memoranda
Chapter 31 - Revenue and Expenditure Accounting-PPM Number 68
Section V-3105 - Purpose and Scope

Universal Citation: LA Admin Code V-3105

Current through Register Vol. 50, No. 9, September 20, 2024

A. The purpose of this policy and procedure memorandum is to establish criteria to be applied in the accrual of revenues and expenditures for governmental fund types of the general and special revenue nature for financial reporting purposes in accordance with generally accepted accounting and financial reporting principles. As of the effective date of this memorandum all boards, commissions, departments, agencies, institutions, and offices within the executive branch of state government shall report financial activity on a modified accrual accounting basis as described herein.

AUTHORITY NOTE: Promulgated in accordance with R.S. 39:91, R.S. 39:92.

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