Agency Reimbursements (COA)

• 5383AA Agency Reimbursements
This account is a contra-expense account to record reimbursements. A reimbursements arises when one fund (the reimbursed fund) pays the expenditures or expenses of another fund (the reimbursing fund) with the understanding that the reimbursing fund will at a later date make an appropriate payment to the reimbursed fund. When the reimbursed fund receives the payment, the receipt of funds is to be recorded in this account. This account is also used to record refunds of prior year expenditures or receipts.