7640 FUND EQUITY
(Revised 06/05)
ACCOUNT NO. 5100, Capital Contributions
A summary account of capital contributed to funds used for financial reporting purposes (Accounts 5110 through 5190).
ACCOUNT NO. 5110, Contributions in Aid to Construction
Shows permanent fund capital contributed to funds in Aid to Construction.
ACCOUNT NO. 5120, Contributions by Federal Grants
Shows permanent fund capital contributed to funds by federal grants.
ACCOUNT NO. 5130, Contributions by State Grants
Shows permanent fund capital contributed to funds by state grants.
ACCOUNT NO. 5190, Other Contributions
Shows permanent fund capital contributed to funds not otherwise classified. It includes permanent working capital advanced by other funds without a requirement that the advance be repaid.
ACCOUNT NO. 5200, Investment in General Fixed Assets
An account that shows the state's investment in general fixed assets. It is used by funds that accounts for assets on an "expenditure" basis.
Agencies will keep separate subsidiary account which shows the fund source of the asset acquisition. The fund will be identified by name in the subsidiary account title. The number of each such subsidiary account will be 5200 plus suffix consisting of a decimal point and the UCM code number of the fund. (For example: 5200.0001, Investment in General Fixed Assets-General Fund).
ACCOUNT NO. 5300, Reservations of Fund Balance-Unavailable for Appropriation
A summary account of fund balance reserves used for financial reporting purposes (Accounts 5330 through 5391).
ACCOUNT NO. 5330, Reserve for Prepaid Items
This account is used to segregate a portion of fund balance to show that prepaid items do not represent available spending resources even though they are a component of net current assets.
ACCOUNT NO. 5340, Reserve for Advances
This account is used to segregate a portion of fund balance to show that the noncurrent portion of long term repayable advances to other funds do not represent available spending resources because they are not current assets.
ACCOUNT NO. 5350, Reserve for Encumbrances
This account is used to segregate a portion of fund balance for expected expenditures.
ACCOUNT NO. 5370, Reserve for Interfund Loans Receivable
This account is used to segregate a portion of fund balance equal to noncurrent portions of long-term interfund loans receivable.
ACCOUNT NO. 5380, Reserve for Noncurrent Loans Receivable
This account is used to segregate a portion of fund balance equal to noncurrent portions of long-term loans receivable.
ACCOUNT NO. 5390, Other Reserves
Shows fund balance reserve not otherwise classified. It is used as a reserve for Account No. 2730, Deposits in Condemnation Proceedings.
ACCOUNT NO. 5391, Fund Balance - Reserve for Proposition 98
(CONTROLLER'S USE, ONLY)
ACCOUNT NO. 5400, Reservations of Retained Earnings
A summary account of reservation of retained earnings used for financial reporting purposes (Accounts 5410 through 5420).
ACCOUNT NO. 5410, Reserve for Bond Retirement
Shows the reserves for debt service. When reserves for principal, reserves for interest, and other reserves are required to be kept separately, a separate account within the 5410 series should be established.
ACCOUNT NO. 5420, Reserve for System Improvements
Shows retained earnings reserved for system improvements in accordance with the terms of a revenue bond indenture.
ACCOUNT NO. 5500, Fund Balance or Retained Earnings
A summary account of fund balance or retained earnings used for financial reporting purposes (Accounts 5510 through 5570).
ACCOUNT NO. 5510, Fund Balance Appropriated
This account shows fund balance which has been appropriated for expenditure in the annual budget.
ACCOUNT NO. 5520, Fund Balance-Continuing Appropriations
Shows fund balance which is continuously appropriated for expenditure.
ACCOUNT NO. 5530, Fund Balance-Unappropriated
Shows fund balance of fund which is available for appropriation. Agencies recording transactions for the General Fund or other funds not accounted entirely by one agency will use Account No. 5570, Fund Balance-Clearing Account.
ACCOUNT NO. 5540, Retained Earnings
Shows the accumulated earnings of funds.
ACCOUNT NO. 5570, Funds Balance-Clearing Account
Shows each agencies shared equity (net assets or liabilities) of particular funds in the State Treasury not accounted entirely by one agency. This account is not used during the fiscal year. At the end of the fiscal year the balance (the net agency remittances to or disbursements from the particular funds in the State Treasury) of Account No. 1140, Cash in State Treasury is transferred to this account. Revenue and expenditure accounts are closed to this account.
