Laserfiche WebLink
RESOLUTION NO. 2013426 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />INDIAN RIVER COUNTY, FLORIDA, URGING <br />FLORIDA LEGISLATURE TO OPPOSE <br />MANDATE THE USE OF A <br />GOVERMENTAL ENTITIES <br />A MONTHLY BASIS TO <br />STATE OF FLORIDA. <br />COMMISSIONERS OF <br />MEMBERS OF THE <br />LEGISLATION THAT WOULD <br />UNIFORM CHART OF ACCOUNTS FOR ALL <br />TO REPORT FINANCIAL INFORMATION ON <br />CHE CHIEF FINANCIAL OFFICER OF THE <br />WHEREAS, in 2011 the Florida Legislature passed and the Governor signed Senate Bill <br />1292 requiring the Chief Financial Officer to recommend uniform chart of accounts for reporting <br />financial information for all state agencies, local governments, educational entities, and entities <br />of higher education; and <br />WHEREAS, each entity of the state and local government is different, serves a different <br />purpose and uses a different basis of accounting; and <br />WHEREAS, the purpose of the Chart of Accounts Project is to develop a uniform chart <br />of accounts to be used by all governmental entities for reporting assets, liabilities, equities, <br />revenues and expenditures; and <br />WHEREAS, the draft uniform chart of accounts will impact over 2350 governmental <br />entities; and <br />WHEREAS, each of the impacted entities are currently accountable to the electorate, <br />citizens and users of their services; and <br />WHEREAS, the monthly reporting may be prepared on a basis of accounting that may <br />diffeI from the basis of accounting used to prepare the year-end audited financial statements and <br />that the monthly information will not be validated; and <br />WHEREAS, the new level of detail required at the fund and object level for monthly <br />reporting is far greater than the level of detail reported either in the audited financial statements <br />or in the Annual Financial Report required pursuant to the provisions of Section 218.32(1)(a), <br />Florida Statutes; and <br />WHEREAS, there will be no attempt to validate any of the data before it is posted for <br />public viewing and this results in a high risk that the data will be inaccurate, invalid or <br />incomplete; and <br />WHEREAS, the establishment of a uniform chart <br />of accounts without requiring <br />uniformity in other areas such as in the basis of accounting and in the accounting treatment of <br />various transactions in itself will not provide users with any meaningful comparisons between <br />organizations; and <br />