Uniform Chart of Accounts
In 1997, the Georgia General Assembly passed the Local Government Uniform Chart of Accounts and Reporting Act (HB491). This Act called for the Georgia Department of Community Affairs (DCA) to develop a uniform chart of accounts to be used by local governments in the state. All of Georgia's county and municipal governments, and organizations controlled by them, are required to comply with the provisions set forth in the uniform chart of accounts. While independent authorities are not required to use the uniform chart of accounts, DCA encourages them to do so to better facilitate the comparability of financial information provided to DCA and other users. More...
The first edition of the Uniform Chart of Accounts For Local Governments was approved by the Department of Audits and Accounts and published in December of 1998. Since its initial publication in 1998, DCA has received numerous comments and recommendations for improvements to the Uniform Chart of Accounts. In response, we began working on the second edition. After months of hard work, and collaboration with Georgia's local governments, the Association County Commissioners of Georgia (ACCG), the Georgia Municipal Association (GMA), the Carl Vinson Institute of Government (CVIOG), and the Department of Audits and Accounts, we are pleased to present the second edition of the Uniform Chart of Accounts For Local Governments in Georgia.
Although there are a number of changes from the first edition of the Chart of Accounts, the basic structure has not changed. Some accounts have been added and some have been deleted, account descriptions have been refined, and funds have been added. Also, the requirement that local governments allocate indirect costs has been delayed until fiscal years ending in 2004. These changes were made to better facilitate the management needs of local governments while still providing the necessary degree of comparability of financial information reported by Georgia's local governments.
While the second edition of the Chart of Accounts addresses issues raised by local governments during the statewide training sessions, we plan to begin working immediately on a third edition. The third edition will incorporate major changes in the governmental financial reporting model imposed by the Governmental Accounting Standards Board Statement 34. Also, with help from ACCG, GMA, and Department of Audits and Accounts, we will be developing guidance on indirect cost allocation for inclusion in the third edition of the Chart of Accounts.
James Stephens of our Research Office has taken over DCA's day-to-day administration of the Chart of Accounts, and will be the primary contact for related questions.
We would like to thank everyone who participated in the development of the Uniform Chart of Accounts For Local Governments in Georgia, and we look forward to your continued involvement as we work toward the release of the third edition.
History of Uniform Chart of Accounts (PDF)
For more information please contact James Stephens at 404-679-0591.
Georgia Department of Community Affairs
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