N.M. Admin. Code § 2.20.5.7

Current through Register Vol. 36, No. 1, January 14, 2025

Section 2.20.5.7 - DEFINITIONS

A. "Accounting function" means the methods and procedures, be they manual or automated, used by a state agency to record, summarize, and report its financial transactions.

B. "Accounting system" means the total structure of records and procedures used to record, to classify, to summarize, and to report on the financial position of a governmental entity or any of its funds, fund types, or organizational components.

C. "Chief financial officer" is the working title of the state employee assigned the responsibilities set forth in Subsection C of 2.20.5.8 NMAC.

D. "Department" means the department of finance and administration.

E. "Division" means the financial control division of the department of finance and administration.

F. "State agency" means any department, institution, board, bureau, commission, district or committee of the government of the state and means every office or officer of any of the above.

G. "Timely" means in substantial compliance with the due dates established by the division.

N.M. Admin. Code § 2.20.5.7

2.20.5.7 NMAC - N, 08-29-03