Appendix A - General Ledger Review (10.4)

The General Ledger is the official book of record for the State of Florida and contains financial data for all State of Florida agencies and designated component units. The GL will house the following 3 ledgers:

• Actuals Ledger 
  •  The primary ledger and State’s book of record for financial reporting. This ledger represents non-budgetary posted financial transactions. Transactions are fed to the ledger from source modules and from updates performed directly in the GL. The data is summarized by ChartField string for revenue, expense, asset, liability, and equity balances. Budget and encumbrance details are not stored in the Actuals Ledger.
• Cash Ledger 
  •  Contains all Florida PALM cash-impacting transactions. The Ledger is systematically populated with transactions that have been posted to the Actuals Ledger. This Ledger is used to support cash-based reporting for agencies and enterprise partners.
• Financial Reporting Ledger 
  • The Financial Reporting Ledger is used to support the consolidated financial reporting needs of the state. This ledger contains data from agencies, component units, and enterprise consolidated adjustments. Data from the Actuals Ledger is systematically recorded within the Financial Reporting Ledger. This Ledger is maintained and controlled by DFS. Ledger balances are adjusted during Periods 998 and 997.