Utah Taxonomy

State Finance

State Finance
As the central accounting office of the State, the Division of Finance issues the audited Comprehensive Annual Financial Report (CAFR) through its Financial Reporting section. This group provides many key functions which include coordinating budget setup, monitoring agency budgets, and preparing the statewide cost allocation plan. These professionals also provide accounting, servicing, and safeguarding of original loan documents for loans issued by state agencies. They monitor the Payment Tracking System (PTS) that interfaces with state agencies and the bank to insure that only approved payments are paid by the State's bank. The Financial Reporting section monitors the statewide Fixed Asset System as well as develops and maintains the Accounting Policies and Procedures for the entire State.

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Date of creation
25-Oct-2007
Accepted term
14-Jan-2019
Descendant terms
7
ARK
ark:/99152/t3j69zl039z32g
More specific terms
6
Alternative terms
5
Related terms
6
Notes
2
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