8715 PLANS OF FINANCIAL ADJUSTMENT
(Revised 3/87)
Plans of financial adjustment pursuant to Section 1l25l of the Government Code are divided into two types namely, (l) plans involving adjustments between appropriations of the same fund and (2) plans involving adjustments between appropriations of different funds.
Agencies will account the former type plans by making the following entries at the time of receipt of the Controller's Journal Entries and as of the dates of such documents:
Debit:
9000 Appropriation Expenditures (or other appropriate expenditure account)
Credit:
8100 Reimbursements (or other reimbursement account)
Agencies will account the latter type plans as follows:
1. At time of requesting transfer:
Transferee Fund
Debit:
1312 Accounts Receivable–Reimbursements
Credit:
8100 Reimbursements
Transferor Fund
Debit:
9000 Appropriation Expenditures
Credit:
3010 Accounts Payable
2. Upon Receipt of the Controller's Transfer:
Transferee Fund
Debit:
1140 Cash in State Treasury
Credit:
1312 Accounts Receivable–Reimbursements
Transferor Fund
Debit:
3010 Accounts Payable
Credit:
1140 Cash in State Treasury
