9 CRR-NY 1647-7.1NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 9. EXECUTIVE DEPARTMENT
SUBTITLE S. DIVISION OF HOUSING AND COMMUNITY RENEWAL
CHAPTER III. LOW RENT HOUSING
SUBCHAPTER D. ACCOUNTING MANUAL FOR PUBLIC HOUSING AGENCIES
PART 1647. OPERATING PERIOD ACCOUNTING
SUBPART 1647-7. CLOSING THE BOOKS
9 CRR-NY 1647-7.1
9 CRR-NY 1647-7.1
1647-7.1 General.
(a) Time of closing.
The books of account shall be closed during the operating period at the end of each fiscal year beginning with the fiscal year in which the date of substantial completion falls. The closing of the income and expense analysis ledgers at the end of the initial operating period has been described in section 1646-6.4(a).
(b) References to accounts.
In the instructions that follow all references to the income accounts mean the accounts within the 3000 group of accounts. References to the expense accounts mean the accounts within the 4000 and 6000 groups.
9 CRR-NY 1647-7.1
Current through September 15, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.