Requisites of system

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The financial management system shall at all times:

  1. (1) Reflect the unencumbered balances of all State Treasury funds, fund accounts, and accounts and appropriations payable from the State Treasury;

  2. (2) Reflect the appropriations and allotments as approved by the General Assembly;

  3. (3) Reflect the distribution and allocation of the state revenues under the Revenue Stabilization Law, § 19-5-101 et seq., and other revenue laws of the state; and

  4. (4) Provide a record of the expenditures, disbursements, and receipts of all state agencies.


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