ROLE OF THE DEPARTMENT OF FINANCE - FISCAL SYSTEMS AND CONSULTING UNIT - 7030
The Department of Finance, Fiscal Systems and Consulting Unit (FSCU) sets the statewide fiscal and accounting policies as required by Government Code sections 13300 and 13310.
Government Code section 13300 mandates Finance to develop, install, and supervise a modern and complete system of accounting and policies for each agency/department of the state permitted or charged by law with the handling of public money.
Government Code section 13310 requires Finance to provide fiscal and accounting training, advice and consulting services to state departments. FSCU trains departmental staff on the statewide programs administered by FSCU, such as the Cash Management Improvement Act, Pro Rata/Statewide Cost Allocation Plan and the Indirect Cost Rate Proposals. FSCU provides training to departments using the Financial Information System for California (FI$Cal) and conducts the 16-week State Fund Accounting Course, which trains professional-level accounting staff on the fiscal system and accounting processes. FSCU provides Fund Balance Reconciliation instructions to assist departmental accounting and budget staff to reconcile year-end financial reports to budget schedules according to government code and state policy.
FSCU reviews requests from agencies/departments related to the fiscal and accounting policies and procedures in State Administrative Manual. Other functions of FSCU include administering statewide programs such as the Statewide Cost Allocation Plan, Pro Rata and the Cash Management Improvement Act, and representing and advocating for the state on accounting and federal issues.
Revisions
No Revisions for this item.