17135 FEDERAL TRUST FUND GENERAL LEDGER ENTRIES
(Revised 9/82)
To record a receivable for Federal funds:
Debit
1510 Due from Federal Government
Credit
8020 Federal Grants and Contracts
To record the receipt of Federal funds:
Debit
1110 General Cash
Credit
1510 Due from Federal Government
(If no receivable had been established, the receipt would be recorded as a debit to Account 1110 and a credit to Account 8020.)
To record remittance of Federal funds to the State Treasury:
Debit
1150 Cash in Transit to State Treasury
Credit
1110 General Cash
To record remittance of Federal funds to the State Treasury:
Debit
1140 Cash in State Treasury
Credit
1150 Cash in Transit to State Treasury
To record appropriated expenditures from the Federal Trust Fund. This will occur when: (1) expenditures of Federal funds are made directly from the Federal Trust Fund or (2) the disbursement is accounted as an expenditure in the Federal Trust Fund and cash is transferred to another fund to be accounted as a reimbursement.
Debit
9000 Appropriation Expenditures
Credit
1140 Cash in State Treasury
To record disbursement of money from the Federal Trust Fund when the appropriation is for transfer to another fund:
Debit
9812 Operating Transfers Out
Credit
1140 Cash in State Treasury
To record a payable when Federal funds are appropriated and expended from the Federal Trust Fund.
Debit
9000 Appropriation Expenditures
Credit
3010 Accounts Payable, or
3110 Due to Other Funds or Appropriations, or
3210 Due to Federal Government, or
3220 Due to Local Government
To record a payable when the authorized or appropriated expenditure of Federal funds occurs in another fund:
Debit
9812 Operating Transfers Out
Credit
3110 Due to Other Funds or Appropriations
