Teaching how to budget is outside the scope of the BARS. It is a sophisticated process of strategic planning, communication and policy development resulting in a detailed plan of operations for allocating and monitoring the use of limited resources among various competing demands. The SAO considers budgets showing revenues and expenditures at the legal fund level to be the minimum acceptable level of detail.Ģ.4.1.20 Budgeting is more than just an activity to satisfy state law. The adopted budget should be of sufficient detail to be meaningful and meet the intention of the law. The SAO does not prescribe how to budget or what a budget should look like.
At a minimum, local governments’ budget must meet the requirements of Washington state law and the State Auditor’s Office. This section was last edited by SAO on 03/10/20Ģ.4.1.10 A budget is a legal document that forecasts the financial resources of a government and authorizes the spending of those resources for a fiscal period. The reporting at the subobject level is not required. Object codes are available in the BARS Manual. The expenditure or expense accounts are presented in the export without object codes. Your annual report requires seven digits for all account codes however, their display in the chart of accounts varies. Prescribed option only lists valid BARS account codes. For display purposes, the account codes contain decimal points which should be excluded in your annual report.Ībove and Prescribed option includes those accounts which are aggregates of detailed account codes and are not valid for reporting in addition to Prescribed accounts which are the valid BARS account codes. The PDF is formatted to highlight the different categories of account codes. The Excel option provides a spreadsheet which you can format. If this occurs, please use the All option to view the entire chart of accounts and contact so the listing can be updated. Although the listing provided intends to be all inclusive, it is possible that needed account codes will not be included. This government type selection will limit the accounts to those applicable to the selected government type. Select a government type/Select basis of accounting
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