A guide to agency accounting systems
State agency resources
A Guide to Agency Accounting Systems
A Collaborative Partnership with the Utah Division of Finance
The Legal Framework: Utah Code §63A-3-202.5
To ensure statewide financial integrity, Utah law establishes a clear process for the implementation of any new accounting system by a state agency. This framework is built on collaboration and oversight to protect public resources.
Centralized System
The Division of Finance is responsible for establishing and managing the state's comprehensive accounting system (Vantage Financial).
Required Approval
Agencies must obtain approval from the Director of Finance before creating or maintaining their own accounting systems.
Mandatory Review
Crucially, any new system must be reviewed and approved by the Director **before** implementation.
The Path to Successful Implementation
Following the correct process ensures a smooth and supported deployment of your new system.
Why We Collaborate: Proactive Resource Planning
Early notification allows the Division of Finance to plan for and allocate the necessary technical and human resources to support your project. This prevents bottlenecks and ensures you have the expert assistance you need, right when you need it.
Division of Finance time allocation for agency projects.
Why We Collaborate: Ensuring Financial Integrity
A thorough review of your proposed system's internal controls is vital. This partnership safeguards the accuracy of data flowing into Vantage Financial, protects against errors, and ensures compliance with all financial regulations.
Primary focus areas during system review.