Flexible budgets — Are usually regarded as managerial tools, which do not set a ceiling on expenses or expenditures but establish a plan for them at various levels of service. They are especially appropriate for the day-to-day operations of a public utility where it is essential to plan fluctuations in the demand for services and where revenues will automatically increase with demand, so that a balanced budget does not depend on establishing a ceiling for expenses.
Operating budget — Presents the estimated expenditures and available resources necessary to provide the services for which the government was created.
Original budget — The first complete appropriated budget. The original budget may be adjusted by reserves, transfers, allocations, supplemental appropriations, and other legally authorized legislative and executive changes before the beginning of the fiscal year.
The original budget should also include actual appropriation amounts automatically carried over from prior years by law.
Working capital budget — Combines flexible and fixed budget elements in one document for enterprise and internal service funds. The BARS manual permits accounting and financial reporting that conforms to these principles in all respects and requires GAAP municipalities to account and report in conformity with these principles, except that the annual report required is not as extensive as the Annual Comprehensive Financial Report ACFR.
A governmental accounting system must make it possible both: a to present fairly and with full disclosure the funds and activities at the government in conformity with generally accepted accounting principles; and b to determine and demonstrate compliance with finance-related legal and contractual provisions.
A governmental accounting system should be organized and operated on a fund basis. A fund is defined as a fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations.
Fund financial statements should be used to report detailed information about primary government, including its blended component units. The focus of governmental and proprietary fund financial statements is on major funds. In fund financial statements, governments should report governmental, proprietary, and fiduciary funds to the extent that they have activities that meet the criteria for using these funds.
Presented below is a system to classify all funds used by local government and the assignment of code numbers to identify each type of fund. A three digit code is used: the first digit identifies the fund type and the next two digits will be assigned by the governmental unit to identify each specific fund.
Code - General Current Expense Fund — should be used to account for and report all financial resources not accounted for and reported in another fund. Although a local government has to report only one general fund in its external financial reports, the government can have multiple general subfunds for its internal managerial purposes.
These managerial subfunds have to be combined into one general fund for external financial reporting. Code - Special Revenue Funds — should be used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditure for specific purposes other than debt service or capital projects. Restricted revenues are resources externally restricted by creditors, grantors, contributors or laws or regulations of other governments or restricted by law through constitutional provisions or enabling legislation similar to restricted component of net position used in government-wide reporting.
Committed revenues are resources with limitations imposed by the highest level of the government, and where the limitations can be removed only by a similar action of the same governing body. Revenues do not include other financing sources long-term debt, transfers, etc. The term proceeds of specific revenue sources establishes that one or more specific restricted or committed revenues should be foundation for a special revenue fund.
They should be expected to continue to comprise a substantial portion of the inflows reported in the fund. While GASB Statement 54 has not provided a numeric range for substantial portion of inflows, it was recommended that at least 20 percent is a reasonable limit for reporting a special revenue fund.
Local governments need to consider factors such as past resource history, future resource expectations and unusual current year inflows such as debt proceeds in their analysis.
They may use the calculation below to determine whether an activity would qualify for reporting as a special revenue fund. Other resources investment earnings and transfers from other funds, etc. The Statement requires all revenue to be recognized in the special revenue fund. If the resources are initially received in another fund, such as the general fund, and subsequently remitted to a special revenue fund, they should not be recognized as revenue in the fund initially receiving them.
They should be recognized as revenue in the special revenue fund from which they will be expended. So, the local governments can either receive resources directly into the special revenue fund, or account for the resources as agency deposits in the receiving fund and, after remitting them, recognize them as revenue to the special revenue fund.
Special revenue funds should not be used to account for resources held in trust for individuals, private organizations, or other governments. The state statutes contain many requirements for special funds to account for different activities.
The legally required funds do not always meet GAAP standards for external reporting. So, while the local governments are required to follow their legal requirements, they will have to make some adjustment to their fund structure for external financial reporting.
Code - Debt Service Funds — should be used to account for and report financial resources that are restricted, committed, or assigned to expenditure for principal and interest.
Debt service funds should be used to report resources if legally mandated. Financial resources that are being accumulated for principal and interest maturing in future years also should be reported in debt service funds.
The debt service transactions for a special assessment for which the government is not obligated in any matter should be reported in an agency fund. Also, if the government is authorized, or required to establish and maintain a special assessment bond reserve, guaranty, or sinking fund, GASB Statement 6 requires using a debt service fund for this purpose.
Note: Debt service funds should not be used in proprietary funds and Use enterprise funds or internal service for debt payments related to utilities and other business type activities. Code - Capital Projects Funds — should be used to account for and report financial resources that are restricted, committed, or assigned to expenditure for capital outlays including the acquisition or construction of capital facilities or other capital assets.
Capital outlays financed from general obligation bond proceeds should be accounted for through a capital projects fund. Capital project funds exclude those types of capital-related outflows financed by proprietary funds or for assets that will be held in trust for individuals, private organizations, or other governments private-purpose trust funds.
Note: Capital project funds should not be used in proprietary funds and Use enterprise funds or internal service for capital payments related to utilities and other business type activities. Permanent funds do not include private-purpose trust funds which account for resources held in trust for individuals, private organizations, or other governments. Code - Enterprise Funds - may be used to report any activity for which a fee is charged to external users for goods or services.
Enterprise funds are required for any activity whose principal revenue sources meet any of the following criteria:. The term activity generally refers to programs and services.
This term is not synonymous with fund. As a practical consequence, if an activity reported as a separate fund meets any of the three criteria, it should be an enterprise fund.
Even if the fee is meant to cover the cost of the service, the county auditor function as a whole is primarily supported with tax dollars from the general fund. It would be allowable in this case to leave the activity all within general fund. Finding an appropriate fund type requires a careful analysis since there is not always a clear choice.
For example, building permit fees may be accounted for in the general fund or a special revenue fund in certain circumstances, such as when they are partially supported by taxes.
However, if there is a pricing policy to recover the cost of issuing those individual building permits, they should be reported in an enterprise fund. In addition, GAAP mandate the use of enterprise funds for the separately issued financial statement of public-entity risk pools. Otherwise, they can use the general fund. Separate funds should not be reported for bond redemption, construction, reserves, or deposits, for any utility that is accounted for on the full accrual basis, using either the BARS accounts or a nationally recognized utility chart of accounts such as FERC or NARUC.
Separate funds should not be reported even though bond covenants may stipulate a bond reserve fund , bond construction fund , etc. The bond covenant use of the term fund is not the same as the use in governmental accounting. For bond covenants, fund means only a segregation or separate account, not a self-balancing set of accounts.
See account in the general ledger chart of accounts. Code - Internal Service Funds — may be used to report any activity that provides goods or services to other funds, departments or agencies of the government, or to other governments, on a cost-reimbursement basis. Internal service funds should be used only if the reporting government is the predominant participant in the activity.
Otherwise, the activity should be reported in an enterprise fund. For more information on accounting for these funds see 3. These include a investment trust funds, b pension and other employee benefit trust funds, c private-purpose trust funds, and d custodial funds.
For more information on determining if a transaction is fiduciary please see the Determining Fiduciary Custodial Activities page. Codes - Investment Trust Funds — should be used to report fiduciary activities from the external portion of investment pools and individual investment accounts that are held in a trust that meets the following criteria: the assets are a administered through a trust in which the government itself is not a beneficiary, b dedicated to providing benefits to recipients in accordance with the benefit terms, and c legally protected from the creditors of the government.
In addition to the trust criteria requirements above, all individual investment accounts are required to be reported in an Investment Trust Fund.
Codes - Pension and Other Employee Benefit Trust Funds — should be used to report fiduciary activities for the following:. Codes - Private-Purpose Trust Funds — should be used to report all fiduciary activities that a are not required to be reported in pension and other employee benefit trust funds or investment trust funds, and b are held in a trust that meets the following criteria: the assets are a administered through a trust in which the government itself is not a beneficiary, b dedicated to providing benefits to recipients in accordance with the benefit terms, and c legally protected from the creditors of the government.
Code - Custodial Funds — should be used to report all fiduciary activities that are not required to be reported in pension and other employee benefit trust funds, investment trust funds or private purpose trust funds. The external portion of the investment pools that are not held in trust that meets criteria listed above should be reported in a separate external investment pool fund column under the custodial funds classification.
Note: The custodial funds are required to be used by business-type activities and enterprise funds, except when the resources will normally be held for less than ninety 90 days. Code - External Investment Pool Fund — The external portion of the investment pools that are not held in trust and meet criteria listed above. Although this is considered a custodial fund, it should be reported in a separate external investment pool fund column under the custodial funds classification.
Governments should establish and maintain those funds required by law and sound financial administration. Only the minimum number of funds consistent with legal and operating requirements should be established. Using numerous funds results in inflexibility, undue complexity and inefficient financial administration. Local governments should periodically undertake a comprehensive evaluation of their fund structure to ensure that individual funds that became superfluous are eliminated from accounting and reporting.
Elected officials should be educated to the fact that accountability may be achieved effectively and efficiently by judicious use of department, program and other available account coding or cautious use of managerial internal funds.
A clear distinction should be made between general capital assets and capital assets of proprietary and fiduciary funds. Capital assets of proprietary funds should be reported in both the government-wide and fund financial statements. Capital assets of fiduciary funds should be reported only in the statement of fiduciary net position.
All other capital assets of the government are general capital assets. They should not be reported as assets in governmental funds but should be reported in the governmental activities column in the government-wide statement of net position. A clear distinction should be made between fund long-term liabilities and general long-term liabilities.
Long-term liabilities directly related to and expected to be paid from proprietary funds should be reported in the proprietary fund statement of net position and in the government-wide statement of net position.
Long-term liabilities directly related to and expected to be paid from fiduciary funds should be reported in the statement of fiduciary net position. All other unmatured general long-term liabilities of the governmental unit should not be reported in governmental funds but should be reported in the governmental activities column in the government-wide statement of net position.
Measurement focus and basis of accounting in the basic financial statements. The government-wide statement of net position and statement of activities should be prepared using the economic resources measurement focus and the accrual basis of accounting. Revenues, expenses, gains, losses, assets, and liabilities resulting from exchange and exchange-like transactions should be recognized when the exchange takes place.
Revenues, expenses, assets, and liabilities resulting from nonexchange transactions should be recognized in accordance with the GASB Statements 24 and In fund financial statements, the modified accrual or accrual basis of accounting, as appropriate, should be used in measuring financial position and operating results.
Financial statements for governmental funds should be presented using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues should be recognized in the accounting period in which they become available and measurable. Expenditures should be recognized in the accounting period in which the fund liability is incurred, if measurable, except for unmatured interest on general long-term liabilities, which should be recognized when due.
Proprietary fund statements of net position and revenues, expenses, and changes in fund net position should be presented using the economic resources measurement focus and the accrual basis of accounting.
Financial statements of fiduciary funds should be reported using the economic resources measurement focus and the accrual basis of accounting, except for the recognition of certain liabilities of defined benefit pension plans and certain postemployment healthcare plans. Transfers should be reported in the accounting period in which the interfund receivable and payable arise.
Note: The various fund types may be grouped in the following manner to more clearly portray their relationship to an accounting basis:. Transfers should be classified separately from revenues and expenditures or expenses in the basic financial statements. Proceeds of general long-term debt issues should be classified separately from revenues and expenditures in the governmental fund financial statements.
Governmental fund revenues should be classified by fund and source. Expenditures should be classified by fund, function or program , organization unit, activity, character, and principal classes of objects. Proprietary fund revenues should be reported by major sources, and expenses should be classified in essentially the same manner as those of similar business organizations, functions, or activities.
A common terminology and classification should be used consistently throughout the budget, the accounts, and the financial reports of each fund. General purpose external financial reports should be prepared and published.
Governments engaged in governmental and business-type activities should include, at a minimum:. The basic financial statements should include:. Governments engaged only in business-type activities should present only the financial statements required for proprietary funds. They should include:. The statements and reports listed above follow national standards of financial reporting.
The legal requirements are consistent with these national standards, but they are not identical. Specific legal reporting requirements are contained in reporting part of this Manual.
The reporting entity is the primary government including its blended component units and all discretely presented component units. The reporting entity's government-wide financial statements should display information about the reporting government as a whole distinguishing between the total primary government and its discretely presented component units as well as between the primary government's governmental and business-type activities.
Funds and component units that are fiduciary in nature should be reported only in the statements of fiduciary net position and changes in fiduciary net position. The nucleus of a financial reporting entity usually is a primary government. However, a governmental organization other than a primary government such as a component unit, joint venture, jointly governed organization, or other stand-alone government serves as the nucleus for its own reporting entity when it issues separate financial statements.
For all of these entities, the provisions the GASB Statement 14 should be applied in layers from the bottom up. At each layer, the definition and display provisions should be applied before the layer is included in the financial statements of the next level of the reporting government.
These requirements for GAAP local governments are as follows:. Most of these worksheets do not need to be submitted as part of the annual report, but they must be available for audit. The requirement applies to all errors found prior or during an audit. Acceptable file should adhere to the prescribed record layout and should be an Excel file.
It should include column headings. All columns must be formatted as text except the Actual Amount column which is numeric. More details are provided on the website. If the local government cannot provide the annual report in the electronic format mail the annual report to:. This form is not required if you are submitting your annual report electronically.
Use the column which is appropriate for your government type. If Schedule 17 is not applicable mark the spot NA not applicable. An unmarked spot in your government type column will indicate that a schedule is not attached due to lack of activities described in this schedule in reported year. These governments need to submit a Schedule 01 reporting cash balances at the beginning and end of the reporting year as well as any investment income received on those balances if applicable.
Note that by selecting this submission option, preparers of the annual reports are certifying that their government meets the definition of no activity as explained above. However, no financial activity reports do not require a formal Schedule 22 to be submitted. Exception - See additional information below. All other codes not listed above - Allowed in all governmental funds or internal service funds.
Note X — Subsequent Events. New account for revenues for Medicaid payments related to an implementation of the Transformation Plans. Expanded the title and the definition to include internet services as authorized by Chapter , Laws of Revised title and definition to clarify use of this account for pension and OPEB related revenues only.
Removed these accounts since the loans are balance sheet transactions and their reporting on Schedule 01 was always optional. The account was divided between internal and external legal services. Within each category were created more separate accounts for different specific legal expenditures.
The change will allow governments to analyze and compare costs much more effectively. This also aligns accounting records with procedures auditors are required by professional standards to perform an audit on legal liabilities, so it will help make the audit process more efficient. This change was already announced in and was not required for the FY reports; however, the new accounts will be required for reporting.
Object Codes. Object code 50 was removed and the definitions of object codes 30 and 40 adjusted to include the transactions which were previously reported using object Fund Types and Accounting Principles.
GASB Statement 84, Fiduciary Activities — the Statement is effective for reporting periods beginning after December 15, ; however we incorporated the required changes in this version of manual. Also, updated was the discussion of enterprise [] funds. There are no new reporting requirements and the update expands the current prescription. Capital Assets Management.
All other codes not listed above - Allowed in all governmental funds or internal service funds. Allowed only in general fund and internal service fund. Budgeting Budget Adoption and Amendments 2. Paths and Trails 3. Numbers that do not require a due date to be reported. Schedule 16 4. Replaced with the Schedule Schedule 11 Schedule 11 Schedule 11 has been removed. Insurance recoveries that are related to cleanup and are recognized in subsequent periods should be reported as other financing sources or extraordinary items, as appropriate.
Risk Pools may use Note this correlates to current refundings, advanced refundings utilize codes. These codes are replacing , , , which are no longer valid BARS codes. Object Codes Removed the reminder that was the final year for use of object code General Ledger Accounts 1. Original Supporting Documentation 3. Fund Types and Accounting Principles 3. Bank Reconciliations 3. Capital Assets Management 3. Electronic Funds Transfer - Receipts 3.
Summary of Bank Reconciliations Schedule 06 4. Note X - Component Unit s , Joint Ventures, and Related Parties Created a new note to move the guidance for component units, joint ventures, and related parties.
Note - this information was previously located in the "Other Disclosures" note template. Note X - Deposits and Investments Rewrote the note template and added to the note to include investment pool requirements. Note X - Other Disclosures Removed information for related parties, component units or joint ventures. Note X - Pension Plans Added guidance for defined contribution pension plans when a government contributes.
Schedule 09 The split was necessary to accommodate reporting by cash basis proprietary funds since the BARS codes in series are not available to them. The revised account replaces the original code. Within each category were created more separate accounts for different specific legal expenditures. The change will allow governments to analyze and compare costs much more effectively. This also aligns accounting records with procedures auditors are required by professional standards to perform on legal liabilities, so it will help make the audit process more efficient.
This account will be required for reporting. Unemployment and Deferred Compensation. Account Structure 1. The digits are now referred by their location within the code i. This change was applied in all places in the BARS manual and the revised sections are not itemized in this listing.
Payroll Accounting 3. There are no changes in the prescription. Loans A new paragraph 3. The paragraph discusses an issue of incorrectly using its own debt instruments as investments. Also, the format of the statement C-5 was changed. The fiduciary funds should be aggregated according to the fund type i.
The instructions and the Online Reporting were updated to incorporate these changes. Schedule 01 4. Column 4 — clarified the instruction regarding reporting of revenues and expenses for proprietary funds. Schedule 06 Schedule 06, Summary of Bank Reconciliation was added. This Schedule is optional for cities and counties for reporting bank activities in the fiscal year Governments choosing to prepare Schedule 06 do not have to prepare neither Schedule 07 nor 11 for the fiscal year. Schedule 06 will be required schedule for reporting year ending December 31, Schedule 09 Added 4.
Note X — Other Disclosures Added instructions for reporting special items , contingencies and litigations and government combinations. Code - General Current Expense Fund. Code - Private-Purpose Trust Funds. Code - Custodial Funds. Code - External Investment Pool Fund. General Ledger Accounts. Object Codes.
Budget Adoption and Amendments. Budget Process. Fund Types and Accounting Principles. Bank Reconciliations. Beginning and Ending Cash and Investments Classifications. Internal Control. Original Supporting Documentation. Compensating Balances. Deposits and Investments. Money Held in Trust. Special Assessments. Capital Assets Management. Bonds and Revenue Warrants. Environmental and Certain Assets Retirement Liabilities.
Issuance of Duplicate Instruments. Pension Liabilities. Refunding Debt. Cash Receipting. County Treasurer's Operation and Maintenance Fund. Criminal Justice Funding. Diversion of County Road Property Tax. Electronic Funds Transfer — Receipts.
Prosecuting Attorneys' Salaries. Suspense Funds. Utility Tax. Federal Awards Formerly Grants Accounting. Electronic Funds Transfer — Disbursements. Employee Travel. Memberships in Civic and Service Organizations. Mobile Devices. Paths and Trails — Accounting.
Purchase Cards. Use of Payroll and Claims Funds. Voter Registration and Election Costs Allocation. Voucher Certification and Approval. Interfund Activities Overview. Overhead Cost Allocation. Property Transfers. Utility Surplus Transfers. Bond Coverage for Public Officials and Employees. County Fair Operations. Limitation of Indebtedness. New Entity Creation and Dissolution Notification. Promotional Hosting. Public Works Records. Liabilities Schedule Expenditures of Federal Awards Schedule Summary of Bank Reconciliation Schedule Expenditures of State Financial Assistance Schedule Labor Relations Consultant s Schedule Risk Management Schedule Assessment Questionnaire Schedule Leases accounting is effective for fiscal year reporting in Description of Changes.
Internal Service Funds - Added guidance on accounting for internal service funds providing services to fiduciary funds and the use of internal service funds at special purpose districts. County External Investment Pools.
Capital Asset Management. Added Footnote 2 for no activity governments reporting, no formal Schedule 22, but the government must attach bank statements and any meeting minutes for the fiscal year. Public Works Schedule Annual Questionnaire for Accountability Audit Schedule Added Quick Links to specific guidance 4.
Note 1 — Summary of Significant Accounting Policies. Clarified when a joint venture, component unit and foundation should be reported. All local governments must include this note. Removed section from Note X - Other Disclosures and provided more examples for different situations. Note X — Other Disclosures. Online Filing. Online Filing Flag Descriptions. For general purpose governments only. Updated full section to include the new beginning and ending cash and investments classifications.
DSHS Advances. Grants — Accounting. Paths and Trails. Updated references to RCW 3. Transportation Benefit Districts. Added an Additional Resources section. Schedule Section number updated to 4. Note 1 — SSAP. Note X — Going Concern. Updated the disclosure to include direct borrowings, direct placements, and significant debt agreement terms. Schedule 21 has been updated it include new questions and information on the PFML State medical leave. Note X - Deposits and Investments Update. For BARS codes , General government function , these codes should only be used by cities, towns, and counties.
For BARS codes , Payments for Refunded Debt , these codes should be used for payments to an escrow agent for refunding debt payments and direct payments of refunded debt e. Updated the General Ledger Chart to match the Schedule 09 coding requirement and simplified other sections.
Electronic Funds Transfer - Receipts. Removed "signed" in 3. Electronic Funds Transfer - Disbursement. Added the fourth bullet in 3.
Summary of Bank Reconciliations Schedule Note 1 - Summary of Significant Accounting Policies. Created a new note to move the guidance for component units, joint ventures, and related parties. County Treasurer's Operation and Maintenance Fund.
Criminal Justice Funding. Diversion of County Road Property Tax. Electronic Funds Transfer — Receipts. Prosecuting Attorneys' Salaries.
Suspense Funds. Utility Tax. Federal Awards Formerly Grants Accounting. Electronic Funds Transfer — Disbursements. Employee Travel. Memberships in Civic and Service Organizations.
Mobile Devices. Paths and Trails — Accounting. Purchase Cards. Use of Payroll and Claims Funds. Voter Registration and Election Costs Allocation. Voucher Certification and Approval. Interfund Activities Overview. Overhead Cost Allocation. Property Transfers. Utility Surplus Transfers. Bond Coverage for Public Officials and Employees. County Fair Operations. Limitation of Indebtedness. New Entity Creation and Dissolution Notification. Promotional Hosting.
Public Works Records. Liabilities Schedule Expenditures of Federal Awards Schedule Summary of Bank Reconciliation Schedule Expenditures of State Financial Assistance Schedule Labor Relations Consultant s Schedule Risk Management Schedule Assessment Questionnaire Schedule Leases accounting is effective for fiscal year reporting in Description of Changes.
Internal Service Funds - Added guidance on accounting for internal service funds providing services to fiduciary funds and the use of internal service funds at special purpose districts. County External Investment Pools.
Capital Asset Management. Added Footnote 2 for no activity governments reporting, no formal Schedule 22, but the government must attach bank statements and any meeting minutes for the fiscal year.
Public Works Schedule Annual Questionnaire for Accountability Audit Schedule Added Quick Links to specific guidance 4. Note 1 — Summary of Significant Accounting Policies. Clarified when a joint venture, component unit and foundation should be reported. All local governments must include this note.
Removed section from Note X - Other Disclosures and provided more examples for different situations. Note X — Other Disclosures.
Online Filing. Online Filing Flag Descriptions. For general purpose governments only. Updated full section to include the new beginning and ending cash and investments classifications. DSHS Advances. Grants — Accounting. Paths and Trails. Updated references to RCW 3. Transportation Benefit Districts. Added an Additional Resources section. Schedule Section number updated to 4.
Note 1 — SSAP. Note X — Going Concern. Updated the disclosure to include direct borrowings, direct placements, and significant debt agreement terms.
Schedule 21 has been updated it include new questions and information on the PFML State medical leave. Note X - Deposits and Investments Update.
For BARS codes , General government function , these codes should only be used by cities, towns, and counties. For BARS codes , Payments for Refunded Debt , these codes should be used for payments to an escrow agent for refunding debt payments and direct payments of refunded debt e. Updated the General Ledger Chart to match the Schedule 09 coding requirement and simplified other sections.
Electronic Funds Transfer - Receipts. Removed "signed" in 3. Electronic Funds Transfer - Disbursement. Added the fourth bullet in 3. Summary of Bank Reconciliations Schedule Note 1 - Summary of Significant Accounting Policies.
Created a new note to move the guidance for component units, joint ventures, and related parties. Note X - Debt Service Requirements. Instructions to Preparer - Added "When reporting loans, only amount actually drawn should be included here. Note X - Deposits and Investments. Note X - External Investment Pool. New Note Counties - Provided guidance for disclosing external investment pools. Note X - Other Disclosures. Removed information for related parties, component units or joint ventures.
Note X - Pension Plans. Governments will receive a red flag if they report functional codes in custodial funds. Added Capital Assets Inventory in Counties. New account for revenues for Medicaid payments related to an implementation of the Transformation Plans. Expanded the title and the definition to include internet services as authorized by Chapter , Laws of Revised title and definition to clarify use of this account for pension and OPEB related revenues only.
The account was divided between internal and external legal services. This change was already announced in and was not required for the FY reports; however, the new accounts will be required for reporting.
Object code 50 was removed and the definitions of object codes 30 and 40 adjusted to include the transactions which were previously reported using object The recent changes in governmental accounting regarding fiduciary activities are effective for reporting periods beginning after December 15, ; however we incorporated the required changes in this version of manual. The entire section was revised to provide a comprehensive guidance for accounting of capital assets.
The update also incorporates the changes to RCW This section provides a short overview of other postemployment benefits OPEB. Starting with financial reports for a fiscal year , all local governments are required to report liabilities related to OPEB, if applicable. The section was updated to reflect the legislative changes in the amounts of collected surcharges. The section was removed since it conflicts with statutory restrictions regarding an open period.
This guidance was previously available outside the BARS manual and it is now incorporated into the manual allowing an easy access. Note X — Fiduciary Activities. The affected counties were notified in an email dated May 29, The note is still required for the counties which will be reporting the special purpose districts for the first time in If they reported them in , the note is not longer required.
A new reporting requirements regarding other than pension postemployment benefits OPEB. Clarified that the governments should be reporting both short- and long-term liabilities on the Schedule. Also added new ID.
Numbers for registered warrants and lines of credits. Revision reflect the clarification for reporting federal grants provided by federal agencies. Remove discussion regarding ARRA grants. The example of reporting FEMA grants was updated. Revised rules for reporting grants with missing CFDA numbers. Added sentence regarding interim financing. The Schedule 09, Schedule of Liabilities , includes a new validation check for net pension liabilities.
Governments will receive a red flag if they have pension related liabilities but do not report them on the Schedule 09 or if they are using the incorrect ID No. Added a new account for revenues from the local sales and use tax dedicated for LIFT projects. A new account was added for the distribution of the marijuana excise tax from the State.
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