Agency Histories
Department of Government Operations. Division of Finance
Entity: 388
Entity Type: State Government
Prior Names
Division of Finance
Abstract
Finance coordinates all accounting, financial reporting, budget monitoring, and expenditure authorization within state government. Until 1943, the office of the State Auditor was both the central record-keeping agency and post-auditor for the State. In 1943, the newly established Department of Finance was given the record-keeping function under provisions of the 1941 reorganization statutes. A revised centralized accounting system was put into operation, with a provision for a pre-audit of financial transactions.
Biography/History Notes
Purpose: "Coordinates all accounting, financial reporting, budget monitoring, and expenditure authorization within state government." (From "Capitol Connections" newsletter, volume 1, issue 1, May 1993). "Until 1943, the office of the State Auditor was both the central record-keeping agency and post-auditor for the State. In 1943, the newly established Department of Finance was given the record-keeping function under provisions of the 1941 reorganization statutes. A revised centralized accounting system was put into operation, with a provision for a pre-audit of financial transactions." ("State and Local Government in Utah," 1954 ed., Salt Lake City: Utah Foundation, page 43.)
Functions
Financial administration