PROPERTY ACCOUNTING—BASIC ACCOUNTING REQUIREMENTS/DIFFERENCES - 8620-MAR-1986

(New: 03/1986)

(Section deleted 10/2020 and content moved to 8670.1)

Property accounting requirements differ depending on the category of the owner fund. State funds are categorized as:

1. Governmental,
2. Proprietary, or
3. Fiduciary.

See the Uniform Codes Manual (UCM) for the classification of each State fund.