Kan. Admin. Regs. § 1-27-3
Current through Register Vol. 43, No. 46, November 14, 2024
Section 1-27-3 - Accounting records and reporting(a) Each canteen fund shall maintain the following accounting records: (3) cash receipts journal; (4) cash disbursements journal; (6) general ledger. Accounts included in the general ledger shall include, but not be limited to, cash on hand, cash in bank, accounts receivable, inventory, equipment, accumulated depreciation, accounts payable, unused coupon books, retained earnings, capital, sales, cost of sales, depreciation, miscellaneous, rent, repairs and maintenance, and supplies. Other accounts shall be added as required by generally accepted accounting principles. The accounting requirements of this regulation may be modified for a particular institution by written approval of the director of accounts and reports.
(b) The custodian of each canteen fund shall be responsible for the preparation of an income statement and balance sheet on each fund or operation for the periods ending March 31, June 30, September 30 and December 31 of each year. A copy of these financial statements shall be forwarded to the director of accounts and reports within one (1) month after the end of each reporting period. (c) Each benefit fund shall maintain the following accounting records: (1) cash receipts journal; and (2) cash disbursements journal. (d) The custodian of each benefit fund shall be responsible for the preparation of a change in fund balance statement on each fund or operation for the periods ending March 31, June 30, September 30 and December 31 of each year. A copy of this financial statement shall be forwarded to the director of accounts and reports within one (1) month after the end of each reporting period. The first report due pursuant to this subsection shall be for the period ending September 30, 1983. Kan. Admin. Regs. § 1-27-3
Authorized by K.S.A. 75-3728h; implementing K.S.A. 75-3728f; effective May 1, 1981; amended May 1, 1983.