SHARED LEAVE - The donated leave converted to hours by the receiving agency at the donee's rate of pay. This may be more or less than the literal hours donated depending on the relative salary rates of the respective employees.
SHORT-TERM LIABILITIES - Short-term liabilities are legal obligations of the state that arise upon the receipt of goods or services. In governmental fund type accounts, they are payable from current financial resources. In proprietary fund type accounts, short-term liabilities are payable within one year.
SINGLE AUDIT - A financial, internal control, and compliance audit of a nonfederal entity administering federal assistance awards including the financial statements of the entity.
SMALL AND ATTRACTIVE ASSETS - Assets that do not meet the state's capitalization policy but that an agency considers particularly vulnerable to loss, thus subject to special property control.
SMART CARD - A card that has a pre-determined limit of cash, which is drawn down with every purchase. The smart card stores information on a microprocessor or memory chip rather than the magnetic stripe found on stored value and credit cards.
SOLE SOURCE - A consultant providing professional or technical expertise of such a unique nature that the consultant is clearly and justifiably the only practical source to provide the service. The justification is to be based on either the uniqueness of the service or sole availability at the location required.
SOURCE DOCUMENT - Document used to initiate an individual accounting transaction.
SPECIAL REVENUE FUNDS - Special revenue funds are used to account for the proceeds of specific revenue sources （other than trusts for individuals, private organizations or other governments or for major capital projects） that are legally restricted to expenditure for specified purposes. Refer to GOVERNMENTAL FUNDS.
STATE DRIVER - Persons who have been authorized by the agency head or authorized designee to operate a state vehicle used for conducting official state business. They include: state employees, volunteers, students （high school or college students that are 18 years of age and have minimum two years of driving experience）, Department of Correction inmates （under the control of the Department of Corrections）, and contractors （refer to Subsection 12.40.20.b provisions for authorizing contractors to operate state vehicles.）
STATE PILOT - A state employee whose fifty percent or more of his or her working time is performing flight connected services and flying an aircraft that is clearly defined as a requirement of his or her job assignment.
STATE VEHICLE - A motor vehicle owned, rented, leased, or otherwise under the possession and control of the State. A rental vehicle is a state vehicle if it is rented by a duly authorized employee at the cost of the State and is solely for official state business. The use of a state vehicle must be authorized by the agency head or authorized designee and used only for official state business.
STATEMENT OF ACTIVITIES - A government-wide financial statement that reports the net （expense） revenue of its individual functions. An objective of using the net （expense） revenue format is to report the relative financial burden of each of the reporting government's functions on its taxpayers.
STATEMENT OF CASH FLOWS - A GAAP financial statement for proprietary funds that provides relevant information about the cash receipts and cash payments of a government during a period. It categorizes cash activity as resulting from operating, noncapital financing, capital financing and investing activities.
STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS - The fund financial statement that presents information about the changes in net assets for each fiduciary fund.
STATEMENT OF CHANGES IN NET ASSETS - The financial statement that is the GAAP operating statement for pension and investment trust funds. It presents additions and deductions in net assets held for pension benefits and investment pool participants. It reconciles net assets held at the beginning and end of the financial period, explaining the relationship between the operating statement and the balance sheet.
STATEMENT OF FIDUCIARY NET ASSETS - The fund financial statement that presents information about the assets, liabilities, and net assets for each fiduciary fund type.
STATEMENT OF NET ASSETS - A government-wide financial statement that reports the difference between assets and liabilities as net assets, not fund balances or equity. Assets are reported in order of liquidity, or how readily they are expected to be converted to cash and whether restrictions limit the government's ability to use the resources. Liabilities are reported based on their maturity, or when cash is expected to be used to liquidate them. Net assets are displayed in three components - invested in capital assets, net of related debt; restricted; and unrestricted.
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - The financial statement that is the GAAP operating statement for governmental funds. It presents the inflows, outflows, and balances of current financial resources. It reconciles fund balance at the beginning and end of the financial period, explaining the relationship between the operating statement and the balance sheet.
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS OR FUND EQUITY - The financial statement that is the GAAP operating statement for proprietary funds. It distinguishes between operating and nonoperating revenues and expenses and separately presents revenues from capital contributions and additions to the principal of permanent and term endowments, special and extraordinary items, and transfers. It reconciles fund net assets or fund equity at the beginning and end of the financial period, explaining the relationship between the operating statement and the balance sheet/statement of net assets.
STATUTE - A written law enacted by the Legislature and signed by the Governor.
STRAIGHT-LINE METHOD - Under the straight-line method of amortization, the premium or discount is prorated in equal dollar amounts to interim periods between the date of purchase and the maturity. The straight-line method of depreciation allocates the cost of a capital asset systematically over the useful life of the asset by way of the following formula: （cost less salvage value） divided by estimated useful life in years. Refer to AMORTIZATION and DEPRECIATION.
SHORT-TERM LIABILITIES - Short-term liabilities are legal obligations of the state that arise upon the receipt of goods or services. In governmental fund type accounts, they are payable from current financial resources. In proprietary fund type accounts, short-term liabilities are payable within one year.
SINGLE AUDIT - A financial, internal control, and compliance audit of a nonfederal entity administering federal assistance awards including the financial statements of the entity.
SMALL AND ATTRACTIVE ASSETS - Assets that do not meet the state's capitalization policy but that an agency considers particularly vulnerable to loss, thus subject to special property control.
SMART CARD - A card that has a pre-determined limit of cash, which is drawn down with every purchase. The smart card stores information on a microprocessor or memory chip rather than the magnetic stripe found on stored value and credit cards.
SOLE SOURCE - A consultant providing professional or technical expertise of such a unique nature that the consultant is clearly and justifiably the only practical source to provide the service. The justification is to be based on either the uniqueness of the service or sole availability at the location required.
SOURCE DOCUMENT - Document used to initiate an individual accounting transaction.
SPECIAL REVENUE FUNDS - Special revenue funds are used to account for the proceeds of specific revenue sources （other than trusts for individuals, private organizations or other governments or for major capital projects） that are legally restricted to expenditure for specified purposes. Refer to GOVERNMENTAL FUNDS.
STATE DRIVER - Persons who have been authorized by the agency head or authorized designee to operate a state vehicle used for conducting official state business. They include: state employees, volunteers, students （high school or college students that are 18 years of age and have minimum two years of driving experience）, Department of Correction inmates （under the control of the Department of Corrections）, and contractors （refer to Subsection 12.40.20.b provisions for authorizing contractors to operate state vehicles.）
STATE PILOT - A state employee whose fifty percent or more of his or her working time is performing flight connected services and flying an aircraft that is clearly defined as a requirement of his or her job assignment.
STATE VEHICLE - A motor vehicle owned, rented, leased, or otherwise under the possession and control of the State. A rental vehicle is a state vehicle if it is rented by a duly authorized employee at the cost of the State and is solely for official state business. The use of a state vehicle must be authorized by the agency head or authorized designee and used only for official state business.
STATEMENT OF ACTIVITIES - A government-wide financial statement that reports the net （expense） revenue of its individual functions. An objective of using the net （expense） revenue format is to report the relative financial burden of each of the reporting government's functions on its taxpayers.
STATEMENT OF CASH FLOWS - A GAAP financial statement for proprietary funds that provides relevant information about the cash receipts and cash payments of a government during a period. It categorizes cash activity as resulting from operating, noncapital financing, capital financing and investing activities.
STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS - The fund financial statement that presents information about the changes in net assets for each fiduciary fund.
STATEMENT OF CHANGES IN NET ASSETS - The financial statement that is the GAAP operating statement for pension and investment trust funds. It presents additions and deductions in net assets held for pension benefits and investment pool participants. It reconciles net assets held at the beginning and end of the financial period, explaining the relationship between the operating statement and the balance sheet.
STATEMENT OF FIDUCIARY NET ASSETS - The fund financial statement that presents information about the assets, liabilities, and net assets for each fiduciary fund type.
STATEMENT OF NET ASSETS - A government-wide financial statement that reports the difference between assets and liabilities as net assets, not fund balances or equity. Assets are reported in order of liquidity, or how readily they are expected to be converted to cash and whether restrictions limit the government's ability to use the resources. Liabilities are reported based on their maturity, or when cash is expected to be used to liquidate them. Net assets are displayed in three components - invested in capital assets, net of related debt; restricted; and unrestricted.
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - The financial statement that is the GAAP operating statement for governmental funds. It presents the inflows, outflows, and balances of current financial resources. It reconciles fund balance at the beginning and end of the financial period, explaining the relationship between the operating statement and the balance sheet.
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS OR FUND EQUITY - The financial statement that is the GAAP operating statement for proprietary funds. It distinguishes between operating and nonoperating revenues and expenses and separately presents revenues from capital contributions and additions to the principal of permanent and term endowments, special and extraordinary items, and transfers. It reconciles fund net assets or fund equity at the beginning and end of the financial period, explaining the relationship between the operating statement and the balance sheet/statement of net assets.
STATUTE - A written law enacted by the Legislature and signed by the Governor.
STRAIGHT-LINE METHOD - Under the straight-line method of amortization, the premium or discount is prorated in equal dollar amounts to interim periods between the date of purchase and the maturity. The straight-line method of depreciation allocates the cost of a capital asset systematically over the useful life of the asset by way of the following formula: （cost less salvage value） divided by estimated useful life in years. Refer to AMORTIZATION and DEPRECIATION.