Cal. Code Regs. tit. 2, § 1031.8 – Two or More Activities. | Midpage
§ 1031.8
Cal. Code Regs. tit. 2, § 1031.8
Two or More Activities.
State of California
(1) A district performing a recognized utility activity must account for that activity under one of the systems prescribed in Articles 1-9.
(2) Such a district may account for its non-utility activities on an enterprise basis, if desired. However, each activity must be reported to the State Controller according to the basis prescribed by him for that activity.
The following policy governs the accounting for districts engaged in two or more activities: