The
Cost Allocation System Generates the Payable and Receivable
The Cost Allocation Sytem
(CAS) will generate entries to setup and transfer the amount due
from the federal budget code to the operating budget code.
These entries are as follows:
-
Federal Budget Code:
-
Debit -- Federal Funds Transfer/Receipts
-- 5388XXAAAFY
-
Credit -- Federal Funds Payable
Clearing -- 211970
-
Operating Budget Code:
-
Debit -- Federal Funds Transfer/Receipts
-- 5388XX
-
Credit -- Federal Funds Transfer/Receipts
-- 5388XX