Cal. Code Regs. tit. 2 § 1032

Current through Register 2024 Notice Reg. No. 41, October 11, 2024

Section 1032 - Exemption Procedure

Section 53891 of the Government Code provides that districts which substantially follow a system of accounting prescribed by the Public Utilities Commission of the State of California or the Federal Power Commission may be exempted from the uniform accounting and reporting requirements prescribed by the State Controller. Three documents must be submitted:

(1) A resolution of the prescribed form.

(2) A copy of its chart of accounts.

(3) A copy of its most recent independent audit report.

The Controller's Advisory Committee will recommend granting or denying the exemption.

Cal. Code Regs. Tit. 2, § 1032