(1) Each local governmental entity shall begin its fiscal year on October 1 of each year and end it on September 30.
(2) Each local governmental entity shall follow uniform accounting practices and procedures as promulgated by rule of the department to assure the use of proper accounting and fiscal management by such units. Such rules shall include a uniform classification of accounts.
(3) Each local governmental entity shall establish and maintain internal controls designed to:
(a) Prevent and detect fraud, waste, and abuse as defined in s. 11.45(1).
(b) Promote and encourage compliance with applicable laws, rules, contracts, grant agreements, and best practices.
(c) Support economical and efficient operations.
(d) Ensure reliability of financial records and reports.
(e) Safeguard assets.
(4) Any word, sentence, phrase, or provision of any special act, municipal charter, or other law that prohibits or restricts a local governmental entity from complying with this section or any rules adopted under this section is nullified and repealed to the extent of the conflict.
History.—s. 2, ch. 73-349; s. 66, ch. 77-104; s. 20, ch. 96-324; s. 63, ch. 2001-266; s. 14, ch. 2019-15.
Structure Florida Statutes
Title XIV - Taxation and Finance
Chapter 218 - Financial Matters Pertaining to Political Subdivisions
Part III - Local Financial Management and Reporting (Ss. 218.30-218.391)
218.32 - Annual financial reports; local governmental entities.
218.322 - County and municipal transportation program data.
218.335 - Local governmental entity; authority to charge interest on overdue payments.
218.35 - County fee officers; financial matters.
218.36 - County officers; record and report of fees and disposition of same.
218.369 - Definitions applicable to ss. 218.37-218.386.
218.37 - Powers and duties of Division of Bond Finance; advisory council.
218.38 - Notice of bond issues required; verification.
218.385 - Local government bonds; sale.
218.386 - Bonds; finder’s fees prohibited.