1. A. Scope. A double entry financial accounting system provides a full accounting of all property requested, screened, received, issued, and disposed of, plus income, expenses, and status of the revolving fund. The system includes:

   1. 1. distribution documents (invoices);
   2. 2. accounts payable;
   3. 3. accounts receivable;
   4. 4. sale register (issues);
   5. 5. property receipts register;
   6. 6. deposit slips and vouchers;
   7. 7. cost center responsibility report (budget control);
   8. 8. general ledger;
   9. 9. payment of bills and expenses;
   10. 10. monthly financial report;
   11. 11. in-use inventory;
   12. 12. State Property Inventory Control Report;
   13. 13. record of disposals;
   14. 14. statistical analysis reports.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with 41 CFR 101-44 and P.L. 94-519.

Historical Note

HISTORICAL NOTE: Promulgated by the Office of the Governor, Division of Administration, Federal Property Assistance Agency, LR 3:413 (October 1977), amended LR 9:840 (December 1983), repromulgated by the Office of the Governor, Division of Administration, Property Assistance Agency, LR 24:32 (January 1998).