Balance sheet, revenue and expenditure accounts prescribed in this Subchapter do not apply to trust and agency, revolving, intragovernmental service and enterprise funds. Enterprise funds shall use the applicable accounting system from among those prescribed by the State Controller in Subchapter 3, “Accounting Procedures for Special Districts.” Trust and agency, revolving and intragovernmental service funds may use whatever accounts are best suited to their specialized purposes.

Note: Authority cited: Sections 30200 and 53891, Government Code.

History

1. New section filed 5-21-69; effective thirtieth day thereafter (Register 69, No. 21).

2. Amendment filed 2-3-72; effective thirtieth day thereafter (Register 72, no. 6).