City says mandate is too much

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Could cost local governments thousands

By Mark Scohier, Staff writer

Chiefland officials want state legislators to know they're not happy about a proposed mandate to change how local governments handle financial reporting.

Commissioners voted 4-1 Monday night in favor of a resolution stating opposition to the legislation proposed in 2011 by state officials. 

The proposed mandate, which is not funded by the state, will cost the city about $30,000 the first year for accounting software upgrades and extra man power for increased financial reporting, according to city staff. And the city will need to come up with an additional $12,000 every year afterward to cover accounting expenses, if the legislation is passed.

The new plan would require local governments, including water districts, school boards and educational facilities, to start reporting revenues and expenditures on a monthly basis, rather than the usual yearly reporting, according to the Florida Department of Financial Services Division of Accounting and Auditing. Assets, liabilities, equities and other funding sources would still only need to be reported once a year.

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