Illinois State Library

Electronic Documents of Illinois

Electronic Documents of Illinois

Document Identification

Users should pay particular attention to version identification or dates of publication of documents retrieved. Earlier, possibly superseded, versions of documents are also stored here.

Title

  • GAAP (Generally Accepted Accounting Principles) Report, FY 2023

Description

  • Provides revenue estimates formulated on a modified accrual basis in accordance with generally accepted accounting principles (GAAP). This includes modified accrual basis estimates for the general funds, the Agricultural Premium Fund, the Road Fund, and the Motor Fuel Tax Fund. Recognition of revenue and liability in the fiscal year of collection or payment has been the premise for formulating the Illinois budget and is known as cash basis budgeting. Estimates formulated on a modified accrual basis instead recognize revenue and liability in the fiscal year of accrual and provide an alternative perspective to the budget process.

Originally Deposited as: 204315

Published By:
Phone Number:

Language(s): EN-English

Volume or Year:
Number or Issue:

Date Created: 03-11-2022
Date Last Modified: 03-11-2022

Librarian Remarks:

Access This Publication

1. (GAAPReportFY2023.pdf).
Document Size:175625 Software: Version:

This is part of a series. It is part of GAAP (Generally Accepted Accounting Principles) Report: 16033