Local Government Reference Chart of Accounts

A Local Government Reference Chart of Accounts is a standard government CoA that is a local government CoA (for local governments).

• AKA: Uniform Local Government CoA.
• Context:
  • It can be referenced by an Active Local Government's CoA.
• Example(s):
  • Florida's Standard Local Government CoA (2011) [1].
  • Georgia's Standard Local Government CoA (2013) [2].
  • Illinois' Standard Local Government CoA (2010) [3].
  • Montana's Standard Local Government CoA (2012) [4].
  • South Dakota's Standard Local Government CoA [5].
  • Idaho's Standard Local Government CoA (2003) [6].
  • Iowa's Standard Local Government CoA (2014) [7].
  • Louisiana's Standard Local Government CoA (2004) [8].
  • Maine's Standard Local Government CoA [9].
  • Massachusetts' Standard Local Government CoA (2014) [10]
  • Michigan's Standard Local Government CoA (2002) [11].
  • Minnesota's Standard Local Government CoA (2012) [12] [13].
  • New York's Standard Local Government CoA (2011) [14].
  • North Carolina's Standard Local Government CoA [15].
  • Pennsylvania's Standard Local Government CoA (2014) [16].
  • Utah's Standard Local Government CoA (2013) [17][18].
  • West Virginia's Standard Local Government CoA (2010) [19].
  • Wisconsin's Standard Local Government CoA (1985) [20].
  • Tennessee's Standard Local Government CoA (2012) [21].
  • Virginia's Standard Local Government CoA (2010) [22].
  • …
• Counter-Example(s):
  • a Standard School District CoA, Standard Special District CoA, Standard County CoA, Standard State/Province CoA, and a Standard National CoA.
  • a Active Local Government CoA.
  • OpenGov's Local Government Reference CoA.
• See: Government Finance Glossary.

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References

2015

• http://auditor.utah.gov/uniform-chart-of-accounts/
  • Beginning in FY14, all local governments with revenues OR expenditures OVER $500,000 are required to use the Uniform Chart of Accounts when reporting financial data to the Office of the Utah State Auditor and/or the Transparency website. …

     The Office has undertaken this project to benefit both local government entities and the State as a whole.

    1. Comparability – In using a uniform chart of accounts, entities will be better able to compare the cost of their own operations to the operations of another similar entity to determine efficiency in operation.
    2. Benchmarking – Using a uniform chart of accounts will allow local government associations to provide information regarding best practices and cost trends among their association members. For example, the Utah League of Cities and Towns has gleaned information from the UT census forms for the last 20+ years to provide benchmark information to their member cities.
    3. Elimination of Duplication – Using a uniform chart of accounts will enable the Office of the Utah State Auditor to submit the required information to the US Census Bureau, thus eliminating the local government entity’s need to submit a UT Census form.

2013

• http://www.dca.state.ga.us/development/research/programs/uca.asp
  • QUOTE: In 1997, the Georgia General Assembly passed the Local Government Uniform Chart of Accounts and Reporting Act (HB491). This Act called for the Georgia Department of Community Affairs (DCA) to develop a uniform chart of accounts to be used by local governments in the state. All of Georgia's county and municipal governments, and organizations controlled by them, are required to comply with the provisions set forth in the uniform chart of accounts. While independent authorities are not required to use the uniform chart of accounts, DCA encourages them to do so to better facilitate the comparability of financial information provided to DCA and other users. ...

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