In accordance with state law, the Comptroller’s Office adopts a balanced budget for its operations on an annual basis. The budget year, also called the “fiscal year”, begins on October 1st and runs through the following September 30th. The budget serves as the primary tool in allocating financial resources to programs and services. Budgets are adopted for the General Fund and the Records Modernization Trust Fund.
The General Fund is used to account for all revenues and expenditures applicable to the general operations of the Comptroller which are not accounted for in another fund. All general operating revenues that are not restricted or designated by outside sources as to their use are recorded in the General Fund. The Records Modernization Trust Fund was established in 1987 pursuant to an act of the Florida Legislature. This fund accounts for certain recording fees that are earmarked for modernizing the public records system of the Comptroller’s Office.