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would have to use to report financial information on a monthly basis to the Chief Financial <br />Officer of the State of Florida. He referred to the Uniform Chart of Accounts White Paper dated <br />October 14, 2013, prepared by the Florida Government Finance Officers Association (FGFOA), <br />to detail the following problems in the law: <br />• Each entity of local government is responsible to its own citizens, not to the <br />legislative staff of Tallahassee <br />• Monthly and annual reporting will be irreconcilable <br />• Reporting requirements are unclear, conflicting, and duplicative <br />• Quality of data is compromised <br />• Comparability amongst governmental entities is unattainable <br />• Implementation Costs are prohibitive <br />Mr. Smith thereafter requested that the Board: (1) consider adopting the proposed <br />Resolution opposing the Uniform Chart of Accounts; (2) bring up this issue with the Indian <br />River Legislative Delegation; and (3) provide transparency through more frequent reporting on <br />the County's website. <br />MOTION WAS MADE by Commissioner Solari, <br />SECONDED by Commissioner Flescher, to: (1) approve <br />Resolution 2013-126, urging members of the Florida <br />Legislature to oppose legislation that would mandate the <br />use of a uniform Chart of Accounts for all governmental <br />entities to report financial information on a monthly basis <br />to the Chief Financial Officer of the State of Florida; and <br />(2) add this issue to the list of discussion items for the <br />Indian River Legislative Delegation. <br />Chairman O'Bryan added that the Florida Association of Counties (FAC) has also <br />adopted a policy opposing the uniform Chart of Accounts. <br />November 19, 2013 <br />12 Ok144PG601 <br />