§ 16364 Federal Trust Fund Accounting

• •The State Controller and state agencies must keep track of all money from the U.S. government.
• •They need to record every deposit, transfer, and withdrawal from the Federal Trust Fund.
• •This rule helps make sure the money is used correctly and not wasted.

The state gets money from the U.S. government to fix roads.

The State Controller must write down every time money is added, moved, or spent from this fund. This way, everyone knows where the money went and that it was used for roads.