HB 977

1	A bill to be entitled
2	An act relating to the Chief Financial Officer; providing
3	definitions; requiring governmental and statutorily
4	created entities to maintain their financial data in
5	accordance with the requirements of the Chief Financial
6	Officer by a certain date; requiring the Chief Financial
7	Officer to adopt charts of accounts that meet certain
8	requirements by a certain date; requiring a review and
9	update of the charts of accounts; requiring the Chief
10	Financial Officer to adopt certain procedures relating to
11	the charts of accounts; providing a declaration of
12	important state interest; providing a contingent effective
13	date.
14
15	Be It Enacted by the Legislature of the State of Florida:
16
17	Section 1.  Charts of accounts.-
18	(1)  DEFINITIONS.-As used in this section, the term:
19	(a)  "State agency" includes any official, officer,
20	commission, board, authority, council, committee, or department
21	of the executive branch; state attorneys, public defenders,
22	criminal conflict and civil regional counsel, and capital
23	collateral regional counsel; the Florida Clerks of Court
24	Operations Corporation; the Justice Administrative Commission;
25	the Florida Housing Finance Corporation; the Florida Public
26	Service Commission; the State Board of Administration; the
27	Supreme Court, district courts of appeal, circuit courts, and
28	county courts; the Judicial Qualifications Commission; and the
29	legislative branch.
30	(b)  "Local government" means a municipality, county, water
31	management district, or special district, and any other entity
32	created by a local government, including a citizen support
33	organization or a direct-support organization.
34	(c)  "Educational entity" means a school district or entity
35	created by a school district, including a citizen support
36	organization or direct-support organization.
37	(d)  "Entity of higher education" means a state university,
38	a state or community college, or an entity created by a state
39	university or state or community college, including a citizen
40	support organization or a direct-support organization.
41	(e)  "Statutorily authorized governmental entity" means an
42	entity created by a governmental entity and primarily acting as
43	an instrumentality of a governmental unit, a regulatory or
44	governing body, or any other governmental or quasi-governmental
45	organization that receives, disburses, expends, administers,
46	awards, recommends expenditure of, handles, manages, or has
47	custody or control of funds pursuant to the authority of the
48	governmental unit.
49	(2)  INITIAL CODING STRUCTURE.-
50	(a)  By July 1, 2012, each state agency shall maintain its
51	financial data in a manner that is consistent with the
52	applicable common financial data management codes for such
53	agency adopted by the Chief Financial Officer and in effect on
54	January 1, 2011.
55	(b)  For each fiscal year beginning on or after July 1,
56	2012, each local government shall maintain its financial data in
57	a manner that is consistent with applicable common financial
58	data management codes for local governments adopted by the Chief
59	Financial Officer and in effect on January 1, 2011.
60	(c)  For each fiscal year beginning on or after July 1,
61	2012, each educational entity shall maintain its financial data
62	in a manner that is consistent with the applicable common
63	financial data management codes for such entity established
64	pursuant to chapter 1010, Florida Statutes, and in effect on
65	January 1, 2011.
66	(d)  By July 1, 2012, each entity of higher education shall
67	maintain its financial data in a manner that is consistent with
68	the applicable common financial data management codes
69	established by the Board of Governors or the State Board of
70	Education, as appropriate, for such entity.
71	(e)  For each fiscal year beginning on or after December
72	31, 2012, each statutorily authorized governmental entity shall
73	maintain its financial data in a manner that is consistent with
74	the applicable common financial data management codes for such
75	entity adopted by the Chief Financial Officer and in effect on
76	January 1, 2011.
77	(3)  UPGRADED CODING STRUCTURE.-
78	(a)  By January 1, 2014, the Chief Financial Officer, after
79	consultation with the state agencies, local governments,
80	educational entities, entities of higher education, and
81	statutorily authorized governmental entities affected, shall
82	adopt charts of accounts that:
83	1.  Require specific enterprise-wide data;
84	2.  Permit additional agency-specific data;
85	3.  Require uniform data codes for expenditures and
86	revenues by state, local government, educational entities, and
87	entities of higher education to the greatest extent possible;
88	and
89	4.  To the maximum extent possible, require at least two
90	additional levels of specificity on the expenditure of public
91	funds.
92	(b)  All entities must comply with the charts of accounts
93	adopted pursuant to paragraph (a) during any fiscal year
94	beginning on or after July 1, 2014.
95	(c)  Beginning January 1, 2015, and every 2 years
96	thereafter, the Chief Financial Officer shall update the charts
97	of accounts based on a review of the validity and usefulness of
98	the data reported and after consultation with the Legislature
99	and the state agencies, local governments, educational entities,
100	and entities of higher education about the need to modify the
101	data requirements.
102	(4)  PROCEDURES.-The Chief Financial Officer shall adopt
103	procedures regarding the approval and publication of the charts
104	of accounts.
105	Section 2.  The Legislature finds that this act fulfills an
106	important state interest.
107	Section 3.  This act shall take effect on the same date
108	that HJR 975 or a similar joint resolution takes effect, if such
109	joint resolution is adopted in the same legislative session or
110	an extension thereof and is approved by the electors.

CODING: Words stricken are deletions; words underlined are additions.