Michigan Compiled Laws Act 71 Of 1919 Uniform System Of Accounting (21.41 - 21.55)

AN ACT to provide for the formulation and establishment of a uniform system of accounting and reporting in the several departments, offices, and institutions of the state government, and in all county offices; to provide for the examination of the books and accounts of each state department, office, and institution, and of each county office; to provide for financial reports from all those departments, institutions, and offices, and for the tabulation and publication of comparative financial statistics relating to the departments, institutions, and offices; to provide for the administration of this act; to provide for the powers and duties of the department of treasury, the state treasurer, the library of Michigan and depository libraries, and other officers and entities; to provide penalties; and to provide for meeting the expense authorized by this act.

History: 1919, Act 71, Imd. Eff. Apr. 15, 1919 ;-- Am. 1975, Act 242, Imd. Eff. Sept. 4, 1975 ;-- Am. 1996, Act 426, Imd. Eff. Nov. 25, 1996 ;-- Am. 2002, Act 370, Imd. Eff. May 24, 2002

Section 21.41 Accounting And Reporting System; Installation By State Treasurer; Uniformity.
The state treasurer shall formulate, prescribe, and install a system of accounting and reporting in conformity with the provisions of this act that shall...
Section 21.42 Accounting System; Accounts; Form And Contents.
The accounting system shall embrace accounts showing all sources of income, the amounts due, collected and received from each source, including all fees collected...
Section 21.43 Accounting System; Separate Accounts For Appropriations; Contents.
A separate account shall be kept of each appropriation, or fund, made to or received by each county office, which shall show the date...
Section 21.44 Accounting System; Uniform Annual Financial Reports From County Offices; Filing.
It shall be the duty of each county office to make an annual financial report in accordance with forms prescribed by the state treasurer,...
Section 21.44a Statement To Be Filed With Auditor General; Annual County Financial Report; Excluded Information; Unauthorized Investments Prohibited.
(1) Each department, institution, or office of state government shall file with the auditor general within 60 days after the close of the state...
Section 21.44b Nonpension Investments In Derivative Instruments Or Products; Failure To Report; Determination And Report By Auditor General Or Department Of Treasury; Expenses.
(1) If a department, institution, or office of state government fails to report nonpension investments in derivative instruments or products or pension investments as...
Section 21.44c Schedule Of Derivative Instruments And Products; Filing Copies With Library Of Michigan And Depository Libraries; Availability Of Report And Statement For Public Inspection.
(1) The department of treasury shall promptly file with the library of Michigan a sufficient number of copies of a schedule of derivative instruments...
Section 21.45 State Treasurer; Examination Of Accounts; Annual Audit; Minimum Auditing Procedures And Standards; Report; Filing Copy Of Audit Report And Report Of Auditing Procedures; Extension; Contents Of Audit Report; Performance Of Audit By Certified Public Accountant; "Chief Administrative Officer" Defined.
(1) The state treasurer is the supervisor of the accounts of all county offices. The state treasurer may examine, or cause to be examined,...
Section 21.46 Examination Of Accounts; Subpoenas; Witnesses; Production Of Records.
Upon demand of the state treasurer, or any person duly appointed by the state treasurer, to make the examinations provided in this act, any...
Section 21.47 Accounting System; Report Of Examination Of Accounts; Filing; Criminal And Civil Proceedings; Prosecution; Removal For Neglect.
A report shall be made, in duplicate, of each examination made in accordance with the provisions of this act. The duplicate report shall be...
Section 21.48 Accounting System; Adoption By County Officers Mandatory; Refusal; Penalties.
The executive officer of each county office shall adopt and use the books, forms, records and systems of accounting and reporting prescribed by the...
Section 21.49 Accounting System; Removal For Noncompliance; Hearing.
The governor may, and he or she shall upon a finding of guilt, remove from office the officer of any branch of the state...
Section 21.50 Accounting System; Audit Of Department Of Treasury.
The department of treasury shall be audited by the auditor general as provided by law. History: 1919, Act 71, Imd. Eff. Apr. 15, 1919...
Section 21.51 Giving Or Offering To Examiner Or Other Employee Money, Gift, Emolument, Or Thing Of Value; Purposes; Misdemeanor; Penalty.
Any person who gives or offers to any examiner, accountant, clerk, or other employee of the department of treasury, any money, gift, emolument, or...
Section 21.52 Receiving Or Soliciting Money, Gift, Emolument, Or Anything Of Value; Purposes; Misdemeanor; Penalty.
Any person appointed by the state treasurer to make the examinations provided for under this act, or any officer, clerk, or other employee of...
Section 21.53 Repealed. 2002, Act 370, Imd. Eff. May 24, 2002.
Compiler's Notes: The repealed section pertained to biennial estimate of expenses by auditor general or budget commission.
Section 21.54 Repealed. 1984, Act 431, Eff. Mar. 29, 1985.
Compiler's Notes: The repealed section pertained to monthly financial reports.
Section 21.55 Definitions.
As used in this act: (a) “Depository library” means a depository library designated under section 10 of the library of Michigan act, Act No....

Last modified: October 10, 2016