[CAFR-Contacts-News] Transfers of Other Funds to the General Fund - SB 581

[ROSS Kathryn * SCD SARS]

Hello CAFR Accountants,

As you may know, HB 581 requires certain funds to be transferred to the
General Fund no later than June 30, 2009. Here is the link:
http://www.leg.state.or.us/09reg/measpdf/sb0500.dir/sb0581.en.pdf

When the transfer is made by your agency, please record it using the
T-codes listed below (unless the cash is being moved from a suspense
account). Please note that these T-codes must be used when the transfer
has not been budgeted, as is the case in this situation.

TC 720 Revenue Transfer Out 

DR 3550 Operating Transfers Out Control (use c/o 1910 Transfer out to
Agency 999, State GF) 
        CR 0070 Cash in State Treasury 

TC 721 Revenue Transfer In 

DR 0070 Cash in State Treasury 
        CR 3150 Operating Transfers In Control (use applicable c/o
1279-1400) 

The agency making the transfer out to the General Fund (to Agency 999)
should use GASB 38 Code 99979010. The GASB 38 Code for the transfer in
side should reflect the agency number and D23 fund from which your
agency is sending the money.  

Terry Polston is the SFMS Agency 999 contact if you have further
questions about coding the transfer. 

Thanks,
Kathy

Kathryn Ross

Statewide Accounting & Reporting Manager

Oregon State Controller's Division

155 Cottage Street NE, U-50

Salem, OR 97301

Phone:  (503) 373-7277, ext 253

Fax:  (503) 378-3514

http://oregon.gov/DAS/SCD/SARS <http://oregon.gov/DAS/SCD/SARS> 

 

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