Balance Sheet Accounts - Fund Equity and Other Credits
320000 Fund BalanceThe difference between assets and liabilities of governmental funds. This is also the account where year-end revenue/expenditure summaries for governmental funds are closed.
320001 Restatement - Fund
Balance
To record prior year adjustments
such as audit adjustments and other restatements to fund balance for governmental
funds.
321101 Reserve for Inventories
- Fund balance
This account represents
the portion of fund balance reserved for inventories for governmental funds.
Agencies post to this account to record inventories at year-end.
321198 Reserve - Monthly
Accruals
To record monthly entries
for agencies that maintain monthly accruals.
330000 Net Assets (formerly:
Retained Earnings)
The difference between assets
and liabilities for proprietary and fiduciary funds. This account
is also the account where revenue/expense summaries for proprietary and
fiduciary funds are closed. (Note: The former title for this
account was Retained Earnings, prior to the implementation of GASB 34 for
fiscal year ended 2002).
330001 Restatement - Net
Assets
To record prior year adjustments
such as audit adjustments and other restatements to net assets for proprietary
and fiduciary funds. (This account is effective with the implementation
of GASB 34 for fiscal year ended 2002).
340000 Investment In Property
This account classification
is part of a self-balancing set of accounts and represents the cost or
expertly appraised value of property. When items are retired or replaced
the item and related accumulated depreciation are removed from the account.
390000 Company Closing
Account
This account is used to
record the close of the prior fiscal year. After the prior year is closed,
the balance
remaining in the account
should be zero (0).
| Effective with the implementation of the new reporting model under GASB 34 for fiscal year 2001-2002, the following accounts have become either invalid or limited for use only as authorized by OSC. | |
| 310000 | Contributed Capital |
| 311000 | Contributed Capital |
| 321102 | Reserve for Inventory Variance |
| 321103 | Reserve for Specific Encumbrances |
| 321104 | Reserve for Clean Water Projects |
| 321105 | Reserve for Retiree's Health Premium |
| 321106 | Reserve for Energy Conservation |
| 321107 | Reserve for Medicaid Programs |
| 321108 | Reserve for Advances (Component Units) |
| 321109 | Reserve for Savings |
| 321110 | Reserve for Repairs and Renovations |
| 321111 | Reserve for Disproportionate Share |
| 321112 | Reserve for Vacation/Sick Leave |
| 321113 | Reserve for Note Receivable |
| 321114 | Reserve for Public School Building Capital Needs |
| 321115 | Reserve for Critical School Facility Needs |
| 321116 | Reserve for Prepaid Expenses |
| 321117 | Reserve for Capital Projects |
| 321118 | Reserve for Claims and Benefits |
| 321119 | Reserve for Loan and Grant Commissions |
| 321120 | Reserve for Abandoned Property |
| 321121 | Reserve for Political Parties |
| 321122 | Reserve for Wildlife Endowment |
| 321123 | Reserve for Retirement Programs |
| 321124 | Reserve for Wildlife Long Term Interest |
| 321125 | Reserve for Wildlife Short Term Interest |
| 321126 | Reserve for Wildlife Interest Expense |
| 321127 | Reserve for Wildlife Transfer Youth |
| 321128 | Reserve for Chemical Alcohol Test |
| 321129 | Reserve for Cultural Resources |
| 321130 | Reserve for Federal Retiree Administration |
| 321131 | Reserve for Federal Retiree Refund |
| 321132 | Reserve for Clean Water Management |
| 321133 | Reserve for Investments |
| 321134 | Reserve for Intangible Tax |
| 321135 | Reserve for Railroad |
| 321136 | Reserve Balance-Investment Pool |
| 321137 | Reserve Balance-Bailey and Emory |
| 321138 | Reserve for Work First |
| 321139 | Reserve for DPI Allocation |
| 321140 | Reserve-Wildlife Transfer Infant |
| 321141 | Reserve for Aquariums |
| 321142 | Reserve for Railroad Dividends |
| 321190 | Other Reserve |
| 321199 | Reserved Beginning Fund Balance Adjustment |
| 322100 | Restricted Fund Balance |
| 322101 | Restricted for Loans |
| 322102 | Restricted for Endowments |
| 322103 | Restricted for Revenue Bond Retirement |
| 322104 | Restricted for Restricted Funds |
| 322105 | Restricted for Unexpended Plant Fund |
| 322106 | Restricted for US Government Grants Refundable |
| 322107 | Restricted for Term Endowment |
| 322108 | Restricted for Quasi-Endowment |
| 322109 | Restricted for Annuity and Life Income Funds |
| 322110 | Restricted for Repair and Replacement |
| 322190 | Restricted Beginning Fund Balance Adjustment |
| 323110 | Unreserved Undesignated Fund Balance |
| 323120 | Unreserved Designated for Subsequent Years' Expenditures |
| 323130 | Unreserved Savings Reserve |
| 323190 | Unreserved Beginning Fund Balance Adjustment |
| 323201 | Unreserved Designated for Repairs and Renovations |
| 323202 | Unreserved Designated for Clean Water Management Trust Fund |
| 323203 | Unreserved Designated for Disproportionate Share |
| 323204 | Unreserved Designated for Aquariums |
| 323205 | Unreserved Designated for Work First |
| 323206 | Unreserved Designated for Capital Projects |
| 323207 | Unreserved Designated for Railroad Dividends |
| 323208 | Unreserved Designated for Intangibles Reserve |
| 324110 | Unrestricted Undesignated Fund Balance |
| 324120 | Unrestricted Designated for Subsequent Years' Expenditures |
| 324130 | Unrestricted Quasi Endowment |
| 324190 | Unrestricted Beginning Fund Balance Adjustment |
| 331910 | Beginning Retained Earnings Adjustment to Cash-Rev |
| 331920 | Beginning Retained Earnings Adjustment to Cash-Exp |