REVENUE - 8210-APR-2016

During the fiscal year, revenue accounts will be credited on a cash basis as of the date the remittances received or amounts transferred from other funds are determined to be earned.

Amounts due the state and earned as of June 30, whether billed or unbilled, will be accrued as revenue if it is estimated to be collected within the ensuing fiscal year, see SAM section 10610, Entry A-9, Revenue Is Accrued. For those amounts that are unbilled, the receivable will also be accrued, see SAM section 10602, Entry A-3, Accounts Receivable Abatements and Reimbursements Are Accrued. Amounts earned but estimated not to be collected within the ensuing fiscal year will be fully deferred and will not be accrued as revenue.

Adjustments will be made to the June 30 account balances if it is determined in July that cash received on or before June 30 was actually earned prior to July 1.  If these amounts were originally recorded as an accounts receivable, the receivable will also be reduced.

Unless otherwise provided, cash received is earned as follows:

1. Fees for an original or renewal registration, license, permit, or certificate are earned upon registration or issuance unless a renewal receipt is issued in a fiscal year which precedes the first day of the renewal year. Departments will account for the issuance of renewal receipts as follows:
   1. Credit the revenue account of the fiscal year in which the renewal receipt is issued if the renewal receipt is issued in the same fiscal year as the renewal year.
   2. Credit a revenue collected in advance account if the renewal receipt is issued in a fiscal year which precedes the first day of the renewal year.
2. An application fee, filing fee, or other fee which by law or administrative practice is not subject to refund is earned when the remittance is received.
3. A fee for a specific service is earned upon the performance of the service. (Continued)