Bill Text: FL S1292 | 2011 | Regular Session | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Chief Financial Officer
Spectrum: Slight Partisan Bill (? 2-1)
Status: (Enrolled - Dead) 2011-05-07 - Ordered engrossed, then enrolled -SJ 1848 [S1292 Detail]
Download: Florida-2011-S1292-Comm_Sub.html
Bill Title: Chief Financial Officer
Spectrum: Slight Partisan Bill (? 2-1)
Status: (Enrolled - Dead) 2011-05-07 - Ordered engrossed, then enrolled -SJ 1848 [S1292 Detail]
Download: Florida-2011-S1292-Comm_Sub.html
Florida Senate - 2011 CS for SB 1292
By the Committee on Governmental Oversight and Accountability;
and Senator Alexander
585-02483-11 20111292c1
1 A bill to be entitled
2 An act relating to the Chief Financial Officer;
3 creating s. 215.89, F.S.; providing definitions;
4 requiring governmental and statutorily created
5 entities to maintain their financial data in
6 accordance with the requirements of the Chief
7 Financial Officer, the Board of Governors, or the
8 State Board of Education, or pursuant to ch. 1010,
9 F.S., by a certain date; requiring the Chief Financial
10 Officer to adopt charts of accounts that meet certain
11 requirements by a certain date; requiring a review and
12 update of the charts of accounts; requiring the Chief
13 Financial Officer to adopt certain procedures relating
14 to the charts of accounts; providing a declaration of
15 important state interest; providing an effective date.
16
17 Be It Enacted by the Legislature of the State of Florida:
18
19 Section 1. Section 215.89, Florida Statutes, is created to
20 read:
21 215.89 Charts of accounts.—
22 (1) DEFINITIONS.—As used in this section, the term:
23 (a) “State agency” means an official, officer, commission,
24 board, authority, council, committee, or department of the
25 executive branch; a state attorney, public defender, criminal
26 conflict and civil regional counsel, or capital collateral
27 regional counsel; the Florida Clerks of Court Operations
28 Corporation; the Justice Administrative Commission; the Florida
29 Housing Finance Corporation; the Florida Public Service
30 Commission; the State Board of Administration; the Supreme
31 Court, a district court of appeal, circuit court, or county
32 court; the Judicial Qualifications Commission; or the
33 legislative branch of government.
34 (b) “Local government” means a municipality, county, water
35 management district, special district, or any other entity
36 created by a local government, including a citizen support
37 organization or a direct-support organization.
38 (c) “Educational entity” means a school district or an
39 entity created by a school district, including a citizen support
40 organization or a direct-support organization.
41 (d) “Entity of higher education” means a state university,
42 a state or community college, or an entity created by a state
43 university or state or community college, including a citizen
44 support organization or a direct-support organization.
45 (2) INITIAL CODING STRUCTURE.—
46 (a) By July 1, 2012, each state agency shall maintain its
47 financial data in a manner that is consistent with the
48 applicable common financial data-management codes for such
49 agency adopted by the Chief Financial Officer and in effect on
50 January 1, 2011.
51 (b) For each fiscal year beginning on or after July 1,
52 2012, each local government shall maintain its financial data in
53 a manner that is consistent with applicable common financial
54 data-management codes for local governments adopted by the Chief
55 Financial Officer and in effect on January 1, 2011.
56 (c) For each fiscal year beginning on or after July 1,
57 2012, each educational entity shall maintain its financial data
58 in a manner that is consistent with the applicable common
59 financial data-management codes for such entity established
60 pursuant to chapter 1010, Florida Statutes, and in effect on
61 January 1, 2011.
62 (d) By July 1, 2012, each entity of higher education shall
63 maintain its financial data in a manner that is consistent with
64 the applicable common financial data-management codes
65 established by the Board of Governors or the State Board of
66 Education, as appropriate, for such entity.
67 (3) UPGRADED CODING STRUCTURE.—
68 (a) By January 1, 2014, the Chief Financial Officer, after
69 consultation with the state agencies, local governments,
70 educational entities, entities of higher education, and
71 statutorily authorized governmental entities affected, shall
72 adopt charts of accounts that:
73 1. Require specific enterprise-wide information;
74 2. Allow additional agency-specific information;
75 3. Require uniform reporting for expenditures and revenues
76 by state agencies, local governments, educational entities, and
77 entities of higher education to the greatest extent possible;
78 and
79 4. To the maximum extent possible, require at least two
80 additional levels of specificity on the expenditure of public
81 funds.
82 (b) All entities must comply with the charts of accounts
83 adopted pursuant to paragraph (a) during any fiscal year
84 beginning on or after July 1, 2014.
85 (c) Beginning January 1, 2015, and every 2 years
86 thereafter, the Chief Financial Officer shall update the charts
87 of accounts based on a review of the validity and usefulness of
88 the data reported and on the consultations with the Legislature
89 and the state agencies, local governments, educational entities,
90 and entities of higher education about the need to modify the
91 data requirements.
92 (4) PROCEDURES.—The Chief Financial Officer shall adopt
93 rules and procedures regarding the approval and publication of
94 the charts of accounts.
95 Section 2. The Legislature finds that this act fulfills an
96 important state interest.
97 Section 3. This act shall take effect July 1, 2011.
