Page Comparison

Fund Accounting HBP 2.1

• Account Structure (Chart of Accounts)
  • Subaccount List

• Types of Funds
  • Education and General Funds (14- and 20-accounts)
  • Designated Funds (19-accounts)
  • Contracts and Grants (26-accounts)
  • Gift Funds (30-accounts)
  • Endowment Funds (57-accounts)

• Account Creation and Control (including Inactivation)

• Balance Forwards
  • Rule 50 allows balances to be brought forward to the same income or expenditure subaccount where they existed at fiscal year-end.
    • An optional rule that can be applied to any 18-, 19-, 29-, or 30- budget group.

• Account Reconciliation

• Funds Transfers
  • Budget Transfers - FRMS Transfer System Guide
  • Voucher Adjustments and Corrections - VT6 Guidelines

from the Handbook of Business Procedures