[CAFR-Contacts-News] 2012 Legislation - Transfers to the General Fund - SB 1579

[ROSS Kathryn * SCD SARS]

Good Morning CAFR Accountants,

This is a reminder of the transaction codes to use to transfer other
funds to the General Fund as required by SB 1579:
http://www.leg.state.or.us/12reg/measpdf/sb1500.dir/sb1579.en.pdf  

See sections 26, 27, 28, 31, 33, 34, 35, 53, 54, 72, and 73 of SB 1579
for details concerning the dollar amounts and funds/accounts affected.
Except for sections 31 and 73, the transfers are effective immediately.
The section 31 transfer must be completed no later than June 30, 2013;
the section 73 transfer must be completed no later than June 30, 2012.

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 comptroller object 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
comptroller objects 1279 to 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. 

Thank you,
Kathy

Kathryn Ross

Statewide Accounting & Reporting Manager

Oregon State Controller's Division

155 Cottage Street NE, U-50

Salem, OR 97301

NEW Phone:  (503) 373-0265

Fax:  (503) 378-3514

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

 

Data Classification: Level 1 - Published

 

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