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, the Records Modernization Trust Fund, the Court Technology Fees Fund, and the Documentary and Intangible Tax 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. The Court Technology Fees Fund is used to account for certain recording fees that are collected on behalf of the Board of County Commissioners, the Orange County Clerk of the Circuit and County Courts, and the Florida Association of Court Clerks and are to be used for court-related technology. The Documentary and Intangible Tax Fund is used to account for certain statutorily required recording fees that are collected on behalf of and remitted to the State of Florida.
