Cash Carryforward Procedures for Appropriated Funds

Agencies must obtain authorization from the Office of State Budget and Management to carryforward funds obligated in the current fiscal year to the next fiscal year. Fiscal year-end cash carryforwards for appropriated funds are recorded as expenditures in the current fiscal year and are posted to account 5389AA, Agency Carryforward. "AA" is agency defined and may be used to identify specific carryforward transactions. Cash carryforwards are receipted as revenues in the next fiscal year and are credited to account 4389AA, Agency Prior Year Carryforward.