Fund Accounting HBP 2.1
- Account Structure (Chart of Accounts)
Types of Funds HBP 2.2
- Categorized according to their funding sources and how they typically operate.
- 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)
- 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.
- Rule 50 allows balances to be brought forward to the same income or expenditure subaccount where they existed at fiscal year-end.
from the Handbook of Business Procedures