DATE:
June 30, 2015
TO:
Agency Addressed (No. 51, 2014-2015)
FROM:
Christina Smith, Director
Division of Accounting & Auditing
Department of Financial Services
SUBJECT:
NEW STATE STANDARD GENERAL LEDGER CODES
The following state standard general ledger (GL) codes have been established in FLAIR to
record liabilities, deferred outflows of resources, and deferred inflows of resources in accordance
with Governmental Accounting Standards Board (GASB) Statement No. 68 - Accounting and
Financial Reporting for Pensions - an amendment of GASB Statement No. 27. The GL codes are
effective for fiscal year 2014-15 financial statements.
NOTE: These GL codes will be used primarily by the Statewide Financial Reporting Section
and only by those agencies that are required to publish separately audited financial statements.
23500 – Deferred Outflows – Pension-related Items – Florida Retirement System (FRS)
23600 – Deferred Outflows – Pension-related Items – Retirement Health Insurance Subsidy
Program (HIS)
23700 – Deferred Outflows – Pension-related Items – National Guard (NG)
47700 – Deferred Inflows – Pension-related Items – FRS
47800 – Deferred Inflows – Pension-related Items – HIS
47900 – Deferred Inflows – Pension-related Items – NG
49400 – Pension Liability – FRS
49500 – Pension Liability – HIS
49600 – Pension Liability – NG
Additionally, the following state standard GL code has been re-titled in FLAIR for recording a
gain or loss from the early extinguishment of debt.
68100 – Gain (Loss) on Early Extinguishment of Debt
Please direct questions to the Bureau of Financial Reporting at (850) 413-5511 or the Statewide
Financial Reporting Section at sfrs@myfloridacfo.com.