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006.09.1 R2-19-4-805. Agency Investment(s)

AR ADC 006.09.1 R2-19-4-805Arkansas Administrative Code

West's Arkansas Administrative Code
Title 006. Department of Finance and Administration
Division 09. Office of Accounting
Rule 1. Rules and Regulations of the Financial Management Guide
Ark. Admin. Code 006.09.1 R2-19-4-805
006.09.1 R2-19-4-805. Agency Investment(s)
Currentness
If an agency has investments, interest earned or any other transactions occurring must be recorded in AASIS on a monthly basis. When a monthly statement is received, the statement must be submitted to DFA-OA-Fund Reconciliation by the 15th of each month. If the investment statements are received quarterly, semi-annually or annually, those statements must also be submitted by the 5th of the following month.
The agency must reconcile the investment statement balance to AASIS balance to verify that all transactions have been recorded. If the agency determines that there are reconciling items, a “Cash in Bank Reconciliation” Form must be completed and submitted with copies of the investment statements to DFA-OA-Fund Reconciliation.
PLEASE NOTE: This section shall not apply to institutions of higher education which maintain full accounting records separate and apart from AASIS.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.09.1 R2-19-4-805, AR ADC 006.09.1 R2-19-4-805
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