{"data":{"id":"us-gu/5-gca-22203","jurisdiction":"us-gu","citation":"5 GCA § 22203","heading":"Duties of Director.","body":"The Director shall, with due regard for the function of the specific agencies concerned, organize and operate the accounting system on a fund basis with a self-balancing set of accounts, recording cash and/or other resources together with all related liabilities, obligations, reserves and equities which are segregated for the purpose of carrying on specific activities or attaining certain objectives; establish an accounting system which provides budgetary control over general governmental revenues and expenditures; determine fairly and with full disclosure the financial position and results of financial operations; show that all applicable legal provisions have been complied with; establish various types of funds as are necessary and as required by law; shall account in the General Fund all financial transactions not properly accounted for in another fund; shall account in the Special Revenue Funds all proceeds of specific revenue sources or to finance specific activities as required by law; shall account in the capital improvements funds all receipts and disbursements of monies used for the acquisition of capital facilities; shall account in other funds consistent with legal and operating requirements; classify accounts to insure compliance with budgetary provisions; provide a basis for financial and administrative control, furnish data required for financial statements and provide a basis for comparison with similar data for other periods, etc.; establish standards, procedures and techniques for a central accounting system; conduct a continuing review of all accounting operations to effect improvements in accordance with current accounting practices; establish standards for the preparation of financial statements and other reports as are necessary; maintain all Federal grant award funds including maintenance of encumbrance and expenditure; and obtain reports from all departments and agencies as are required for the effective administration of a central accounting system; and take all actions necessary to ensure that an adequate public education is available to every public school student.","path":["Title 5: Government Operations","Division 2 - Administration of the Government","Chapter 22: General Fiscal Policies and Controls","ARTICLE 2: CENTRAL ACCOUNTING"],"source_url":"https://col.guamcourts.gov/sites/default/files/5gc022.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T02:19:48Z","sha256":"fd8143e7be64d98b2597c522a932407efd3ad9f54894e7918a1522eb9d42f2df","source_id":"us-gu","stale":false,"prev":"us-gu/5-gca-22202","next":"us-gu/5-gca-22204"},"notice":"GroundRules: Original legal text. Not legal advice."}