18420 SPECIAL DEPOSIT FUND ACCOUNTS
(Revised 12/03)
The Special Deposit Fund is a trust fund in the State Treasury. This fund provides a depository for money which has been collected or received in trust for specific purposes by an agency but for which no other fund has been created to receive those funds. (See Government Code (GC) Sections 16370-16377.) Agencies may establish accounts in the Special Deposit Fund by submitting a Request to State Controller to Establish or Amend Special Deposit Fund Account form, AUD 10, (http://www.sco.ca.gov/ard/state/aud10.pdf) to Department of Finance (DOF), Fiscal Systems and Consulting Unit (FSCU). Along with the AUD 10, agencies must submit a cover letter to FSCU which includes a justification to establish the account and the amount to be deposited. Approved requests will be forwarded to the State Controller's Office (SCO).
There are two types of accounts in the Special Deposit Fund:
- Accounts for any unclaimed money are considered unclaimed trust accounts. See SAM Section 18424 for instructions.
- Accounts for other funds collected where no other fund is specified for its deposit. See SAM Section 18426 for instructions.
