Quarterly Statement of Revenues, Expenditures and

Changes in Fund Balance Report. The Director of the Department of Administration shall submit a Quarterly Statement of Revenues, Expenditures and Changes in Fund Balance Report to I Maga’låhen Guåhan and the Speaker of I Liheslaturan Guåhan, in a Microsoft Excel file and written report, no COL1312018 CH. 4 PROGRAM BUDGETING AND FINANCIAL MANAGEMENT later than thirty

(30)days after the end of each quarter. Each quarterly report shall itemize:

(a)the revenues by

(1)individual income taxes,

(2)corporate taxes,

(3)withholding taxes,

(4)interest and penalties,

(5)business privilege taxes,

(6)federal sources,

(7)use of money and property,

(8)licenses, fees and permits,

(9)department charges, and

(10)other revenues;

(b)the expenditures by department by object class; and

(c)other sources

(uses)by transfers in, transfers out, other sources, and other uses. The transfers in shall be itemized by fund transferred from, and the transfers out shall be itemized by fund transferred to. Each quarterly report shall be posted on the Department of Administration’s website as a Microsoft Excel file no later than thirty

(30)days after the end of each quarter. Failure to submit any reports by the required deadline in this Section shall result in a Two Hundred Fifty Dollars ($250.00) fine per missed deadline for the Director of the Department of Administration, which shall be deposited into the GDOE Interscholastic Sports Program.