CRVS Accounting Manual

NSW Health Organization Manual - Financial Management & Accounting Standards

Financial Management Principles

GAAP Compliance: All financial records maintained in accordance with Generally Accepted Accounting Principles

Accrual Accounting: Revenue and expenses recognized when earned/incurred, not when cash received/paid

Audit Trail: Complete documentation of all financial transactions with SHA-3 verification

Budget Control: All expenditures authorized and tracked against approved budgets

Revenue Recognition Standards

Birth Registration Fees: $50 per certificate - Revenue recognized upon issuance

Death Registration Fees: $60 per certificate - Revenue recognized upon issuance

Marriage Registration Fees: $75 per certificate - Revenue recognized upon ceremony registration

Certified Copy Fees: $35 per certified copy - Revenue recognized upon delivery

Rush Processing Fees: Additional $40 - Revenue recognized when expedited service provided

NSW Health Grants: Recognized based on expenditure incurred for restricted grants

Federal Funding: Recognized when performance obligations met under grant agreements

Unspent Grants: Recorded as deferred revenue liability until conditions satisfied

Interest Income: Accrued monthly on trust balances and bonds

Investment Returns: Recognized when realized for distributions

Management Fees: Deducted quarterly from investment returns

Key Financial Policies

Segregation of duties enforced for all financial transactions. Dual authorization required for payments over $10,000.

Financial records retained for 7 years minimum. SHA-3 secured archive with tamper-proof audit trail.

Court registry investments in government bonds only. Risk-free rate targeting with capital preservation priority.

Standardized COA aligned with NSW Health requirements. Monthly reconciliation of all general ledger accounts.