N.H. Code Admin. R. Rev 1702.03
Use of Accrual Basis of Accounting
Effective Nov 15, 2022#4940, eff 9-25-90; ss by #6126, eff 11-23-95; ss by #6335, eff 9-24-96; ss and moved by #8179, eff 9-24-04 (from Rev 1702.02); ss by #10214, eff 10-24-12; ss by #13489, eff 11-15-22 (see Revision Note at chapter heading for Rev 1700)Department of Revenue Administration
(a) Municipalities shall use the accrual basis for:
- (1) Proprietary funds;
- (2) Non-expendable trust funds;
- (3) Pension trust funds; and
- (4) Deferred compensation plan and other employee benefit trust funds.
(b) Under the accrual basis transactions shall be classified by fund and for:
- (1) Revenues recognized in the accounting period in which they are earned and become measurable.
- (2) Expenses, rather than expenditures, recognized in the period incurred, if measurable; and
- (3) Balance sheet by balance sheet account.
Source. #4940, eff 9-25-90; ss by #6126, eff 11-23-95; ss by #6335, eff 9-24-96; ss and moved by #8179, eff 9-24-04 (from Rev 1702.02); ss by #10214, eff 10-24-12; ss by #13489, eff 11-15-22 (see Revision Note at chapter heading for Rev 1700)