Cal. Code Regs. tit. 2 § 1111.7
Current through Register 2025 Notice Reg. No. 2, January 10, 2025
The purpose of enterprise accounting is to determine the profit or loss from operations, a job which the regular governmental-type accounts are not designed to do. Enterprise systems are prescribed only for those activities designated as utility activities (See Articles 2-8). All others must follow the system in this Article. However, districts subject to this Article are free to employ enterprise accounting as an addition to the official records, but not as a substitute for them.
Cal. Code Regs. Tit. 2, § 1111.7