Oregon Administrative Rules Chapter 122 - DEPARTMENT OF ADMINISTRATIVE SERVICES, CHIEF FINANCIAL OFFICE
Oregon Administrative Rules (OAR) Chapter 122 pertains to the Department of Administrative Services (DAS), Chief Financial Office (CFO). This chapter details the administrative rules that govern the financial operations, policies, and procedures for the state of Oregon, as overseen by the DAS CFO.
The Chief Financial Office (CFO) of the Oregon Department of Administrative Services plays a crucial role in managing the state's financial resources. Its responsibilities typically include:
Statewide financial reporting: Ensuring accurate and comprehensive financial statements for the entire state government.
Fiscal policy development: Establishing guidelines and policies for financial management across state agencies.
Budget development and oversight: Assisting in the creation of the state budget and monitoring financial performance of executive branch agencies.
Providing objective financial information: Offering data and analysis to state leaders and the public to promote efficient use of resources.
OAR Chapter 122 reflects these responsibilities through its various divisions. Some key divisions within this chapter include:
Division 1: Procedural Rules. These are general rules outlining how the Chief Financial Office operates, including public records, petitions for rulemaking, and declaratory rulings.
Division 40: Reporting of Substantive Program Changes. This division likely sets rules for how state agencies must report significant changes to their programs that have financial implications.
Division 50: Screening and Selection Procedures for Personal Service Contracts entered Into by the Oregon Agricultural Commodity Commissions. This details the processes for how certain commissions manage and select personal service contracts, ensuring transparency and proper financial practices.
Division 60: Allotment Reductions Resulting from More Economic and Efficient Management. This division would cover rules related to budget adjustments that occur when agencies find ways to operate more efficiently.
Division 70: State of Oregon Financing Agreements. This division addresses the rules surrounding the state's various financing agreements.
Division 75: State Borrowing Administered by the Department. This is a significant division that outlines the procedures and policies for state borrowing activities managed by DAS, including budgeting for bonds, managing bond proceeds, and charges for bond administration.
Division 85: Accounts Receivable Management. This division sets the rules for how state agencies manage and collect debts owed to the state, including mandatory collection agency transfer requirements and exemptions.
In essence, OAR Chapter 122 provides the framework for the Oregon DAS Chief Financial Office to fulfill its mandate of ensuring sound financial management, accountability, and transparency across Oregon's state government.
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