Accounting for fee revenues.

1. Law
2. Utah Code
3. Budgeting
4. Revenue Procedures and Control Act
5. Procedures
6. Accounting for fee revenues.

• (1) The Division of Finance shall:
  • (a) establish revenue types;
  • (b) develop a computerized master file of revenue types containing, for each revenue type:
    • (i) the definition of each revenue type;
    • (ii) if available, a historical record of the amount collected for the revenue type for each of the five years;
    • (iii) the agency that collected the revenue;
    • (iv) the program, organization, and fund into which the revenue was originally recorded each year;
    • (v) a general description of the function where the largest portion of the revenue was spent each year;
    • (vi) the specific legal authority that authorizes the agency to collect the revenue;
    • (vii) the rates charged to the individuals or entities that pay the revenue;
    • (viii) the general methodology used to determine the rate charged to individuals or entities that pay the revenue;
    • (ix) for dedicated credits, the revenue estimate used by the agency to prepare their budget;
    • (x) the amount appropriated as dedicated credits in the annual appropriation act; and
    • (xi) for revenues other than dedicated credits, an estimate of the amount of revenue, if available or reasonably calculable; and
  • (c) make the computerized file available to the Budget Office and the Office of Legislative Fiscal Analyst upon request.

• (2) Each agency shall provide the Division of Finance with the information required by this section.

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