School Districts School Districts: Accounting and Reporting Manual
School Districts School Districts: Accounting and Reporting Manual
DiNapoli
DIVISION OF
LOCAL GOVERNMENT AND SCHOOL ACCOUNTABILITY
OF F I C E O F T H E NE W Y O R K S T A T E CO M P T R O L L E R
Accounting and Reporting Manual
School Districts
Reissued March 2012
TABLE OF CONTENTS
PART I - Accounting and Reporting
Chapter 1 - Introduction ...................................................................................................................... 3
Chapter 2 - Basic Governmental Accounting Principles ................................................................ 6
Chapter 3 - Measurement Focus and Basis of Accounting ..........................................................10
Chapter 4 - Funds and Supplemental Schedules ............................................................................14
Chapter 5 - Classication and Coding Structure ............................................................................18
Chapter 6 - Budgeting ........................................................................................................................23
Chapter 7 - Financial Reporting .......................................................................................................27
Chapter 8 - Sample Journal Entries ..................................................................................................30
PART II APPENDIX
School District Account Codes .......................................................................................................89
Useful Links .......................................................................................................................................117
OSC Central Ofce Listing .............................................................................................................118
Regional Ofce Listing.....................................................................................................................119
The Ofce of the State Comptroller (OSC) has compiled this manual as a comprehensive accounting/
reporting guide for school district ofcials and others interested in accounting and nancial reporting
by school districts in New York State. It provides an overview of generally accepted governmental
accounting and nancial reporting principles, and OSCs interpretations of such principles, where
pronouncements are silent or do not address problems common among school districts within New
York State.
The basic responsibility for oversight of school districts by the State Comptroller is contained in
the State Constitution and Article 3 of the General Municipal Law (GML). Among other things,
the State Comptrollers responsibilities include: performing audits (GML, Sections 33, 34, 35),
prescribing information to be included in annual nancial reports (GML, Sections 30, 31, 32),
prescribing a uniform system of accounts (GML, Section 36), and preparing an annual report to
the State Legislature (GML, Section 37).
OSC has made a commitment to prescribe an accounting system which conforms to Generally
Accepted Accounting Principles (GAAP). OSC prescribes a Uniform Systems of Accounts pursuant
to General Municipal Law, Section 36. The System of Accounts provides for a standard chart of
accounts and fund structure that is the basis for the annual nancial reports (ST-3) required to be led
with the State Education Department (SED) and the State Comptroller. For additional information,
please see the SED website at www.p12.nysed.gov/mgtserv/.
Generally Accepted Accounting Principles for Governmental Units
Generally Accepted Accounting Principles (GAAP) are uniform minimum standards of and
guidelines to nancial accounting and reporting. They are the framework within which nancial
transactions are recorded and reported resulting in nancial statements that provide comparability
between governmental entities, consistency between accounting periods and reliability for internal
and external users of nancial statements.
Since GAAP for local governments is not static but evolving, OSC is involved in such activities as
monitoring and responding to proposed pronouncements; amending the Accounting Systems when
appropriate in light of new or revised standards; and assisting local ofcials in understanding and
implementing GAAP through conferences, workshops and seminars. This updated manual is an
example of this activity.
A brief overview of the history of standard setting for private enterprises and for government is
helpful in understanding the sources of GAAP for governments. The rst formal efforts to establish
GAAP for private enterprises began in 1930 in response to the nancial difculties experienced
during the Great Depression. Over the years, the American Institute of Certied Public Accountants
(AICPA) established GAAP. In 1973, the Financial Accounting Standards Board (FASB) was
formed. Since 1973, FASB has prescribed GAAP for commercial and non-prot organizations.
Part I - Accounting and Reporting
Chapter 1 - Introduction
INTRODUCTION 3
FASB operates under the auspices of the Financial Accounting Foundation (FAF), an independent
non-prot foundation.
GAAP for state and local governments were originally sponsored by the Municipal Finance
Ofcers Association (MFOA), now known as the Government Finance Ofcers Association
(GFOA), through a group known as the National Committee on Municipal Accounting (NCMA).
After some years, this committee was replaced by another MFOA-sponsored group, the National
Committee on Governmental Accounting, which itself was eventually expanded and renamed the
National Council on Governmental Accounting (NCGA). The MFOAs guidance was incorporated
into various editions of a publication that came to be known commonly as the blue book. The
rst edition was published in 1934. The third edition published in 1968 inaugurated the format still
used today in the current edition. In 1974, the AICPA issued their accounting and auditing guide,
Audits of State and Local Governmental Units (ASLGU), which stated that the AICPA deemed the
1968 Blue Book to be GAAP for governmental units. In the late 1970s, partly in response to the
scal crisis in New York City and several other cities, the NCGA began to issue statements and
interpretations. Eventually, the NCGA decided that these pronouncements, rather than the blue
book, should be authoritative. Consequently, later editions of the blue book are not GAAP, but
merely illustrate what is common practice. As mentioned earlier, private-sector standard setting
was eventually transferred from the AICPA to the FAF. Developments in the public sector took a
very similar course. In 1984, the responsibility of setting GAAP for state and local governments
was transferred from the NCGA to the Governmental Accounting Standards Board (GASB). Like
the FASB, the GASB functions under the auspices of the FAF.
In short, the following have been the standard setting bodies for GAAP for state and local
governments:
National Committee on Municipal Accounting 1934-1948
National Committee on Governmental Accounting 1948-1974
National Council on Governmental Accounting 1974-1984
Governmental Accounting Standards Board 1984-Present
The GASB is the highest, but not the sole, source of GAAP for state and local governments. When
accounting issues are not covered by GASB guidance, guidance from the American Institute of CPAs
(AICPA), Government Finance Ofcers Association (GFOA), the Financial Accounting Standards
Board (FASB) and other sources is used following a prescribed order.
The following is the hierarchy of GAAP, as identied in GASB Statement No. 55, The Hierarchy
of Generally Accepted Accounting Principles for State and Local Governments:
4 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
GASB
Statements
and
Interpretations (2)
GASB
TechnicaI
BuIIetins
AICPA
Audit and
Accounting
Guides/Statements
of Positions (3)
GASB
Emerging Issues
Task Force
Consensus Positions
AICPA
Accounting Standards
Executive Committee
Practice BuIIetin (3)
GASB
ImpIementation
Guides
AICPA
Audit and Accounting
Guides/Statements
of Positions (4)
Other WideIy
Recognized and
PrevaIent Practice
GASB
Concepts
Statements
AICPA
Issue Papers,
TechnicaI Practice Aids
Other NationaI
or InternationaI
pronouncements,
textbooks, handbooks, etc.
GAAP Hierarchy
LeveI
(1)
LeveI 1
LeveI 2
LeveI 3
LeveI 4
Other
Sources
1
All items at a given level enjoy the same authoritative status.
2
GASB Statements and nterpretations are periodically incorporated in the Codification of Governmental Accounting and Financial
Reporting Standards.
3
Must be specifically made applicable to state and local governmental entities and cleared by the GASB.
4
Must be specifically made applicable to state and local governmental entities and not cleared by the GASB.
Chapter 2 provides an explanation of the Basic Governmental Accounting Principles.
INTRODUCTION 5
GOVERNMENTAL ACCOUNTING PRINCIPLES
The following are basic principles of accounting and reporting applicable to fund based accounting
for school districts as integrated in the GASB Codication of Governmental Accounting and
Financial Reporting Standards.
1. Accounting and Reporting Capabilities
2. Fund Accounting Systems
3. Fund Types
4. Number of Funds
5. Reporting Capital Assets
6. Valuation of Capital Assets
7. Depreciation of Capital Assets
8. Reporting Long Term Liabilities
9. Measurement Focus and Basis of Accounting
10. Budgeting, Budgetary Control and Budgetary Reporting
11. Transfer, Revenue, and Expenditure Account Classication
12. Common Terminology and Classication
13. Interim and Annual Financial Reports
Chapter 2 - Basic Governmental Accounting
Principles
1. Accounting and Reporting Capabilities
Purpose Explains the requirements for accounting records and reporting
Principle
A governmental accounting system must make it possible both:
(a) to present fairly and with full disclosure the funds and activities of the
governmental unit in conformity with generally accepted accounting principles;
and
(b) to determine and demonstrate compliance with finance-related legal and
contractual provisions.
In New York State there are few, if any, provisions of general statutory law that conict with GAAP.
However, if conict does exist, nancial statements must be prepared in conformance with GAAP. This does
not mean that two accounting systems should be maintained. Books of account should be maintained on a
legal-compliance basis, but should include sufcient additional reports to permit GAAP-based reporting.
2. Fund Accounting Systems
Purpose Explains funds and their structure
Principle
Governmental accounting systems should be organized and operated on a fund basis.
A fund is dened as a scal and accounting entity with a self-balancing set of accounts
recording cash and other nancial resources, together with all related liabilities and
residual equities or balances and changes therein, which are segregated for the purpose
of carrying on specic activities or attaining certain objectives in accordance with special
regulations, restrictions or limitations.
6 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
3. Fund Types
Purpose Explains the types of funds
Principle
For school districts, there are two categories of funds used in governmental
accounting: Governmental Funds and Fiduciary Funds.
Governmental Funds account for most governmental functions.
The General Fund accounts for all nancial resources except those accounted for in another fund.
Special Revenue Funds account for the proceeds of specic revenue sources that are restricted or
committed to expenditure for a specic purpose. The School Food Service Fund is an example of a
Special Revenue Fund.
Capital Projects Funds account for nancial resources to be used for the acquisition or construction
of capital facilities and other capital assets.
Debt Service Funds account for the accumulation of resources for, and the payment of, general long-
term debt principal and interest.
Permanent Funds account for resources that are restricted to the extent that only earnings, not
principal, may be used for purposes that benet the government or its citizenry.
Fiduciary Funds account for assets held by a governmental unit in a trustee or agent capacity.
Agency Funds account for funds held purely in a custodial capacity.
Private-Purpose Trust Funds account for all other trust arrangements under which principal and
income benet individuals, private organizations or other governments.
Supplemental schedules will be used in the ST-3 to account for non-current governmental assets and non-
current governmental liabilities.
4. Number of Funds
Purpose Explains the criteria upon which the number of funds is determined
Principle
School districts should establish and maintain those funds required by law and sound
nancial administration. Only the minimum number of funds consistent with legal
and operating requirements should be established because unnecessary funds result in
inexibility, undue complexity, and inefcient nancial administration.
5. Reporting Capital Assets
Purpose Claries requirements
Principle
At the fund nancial statement level, capital assets are not reported in governmental
funds. Governmental fund capital assets will be accounted for and reported in the
schedule of Non-Current Governmental Assets.
6. Valuation of Capital Assets
Purpose Explains the requirements for recording capital assets
Principle
Capital assets should be accounted for at historical cost or, if the cost is not practicably
determinable, at estimated cost. The cost of the capital asset should include ancillary
charges necessary to place the asset into use. Donated capital assets should be recorded
at their estimated fair value at the time of donation.
BASIC GOVERNMENTAL ACCOUNTING PRINCIPLES 7
7. Depreciation of Capital Assets (Fund Financial Statements)
Purpose Explains the purpose and basis for depreciation
Principle
Depreciation of capital assets should not be reported in the accounts of governmental
funds. Accumulated depreciation may be recorded in the schedule of Non-Current
Governmental Assets.
8. Reporting Long-Term Liabilities
Purpose Claries requirements
Principle
At the fund nancial statement level, long-term liabilities are not reported in govern-
mental funds. Long-term liabilities will be accounted for and reported in the schedule
of Non-Current Governmental Liabilities.
9. Measurement Focus and Basis of Accounting
Purpose Explains the accounting basis and its applicability to the various funds
Principle
For school districts, the modied accrual basis of accounting should be used in
measuring nancial position and operating results.
Governmental fund revenues and expenditures should be recognized on the modied accrual basis. Revenues
should be recognized in the accounting period in which they become available and measurable. Expenditures
should be recognized in the accounting period in which the fund liability is incurred, if measurable.
Fiduciary funds revenue and expenses should be recognized on the accrual basis of accounting.
Transfers should be recognized in the accounting period in which the interfund receivable and payable arise.
BOCES Settlements - The amount of annual settlement (surplus or decit) with BOCES shall be accrued
on the books. A surplus will be recorded as a receivable (A440 Due from Other Governments) and credited
to expenditures. A decit will be recorded as an accrued liability (A601) and debited to expenditures.
Tuition - Amount due to a school district at the end of the scal year will be accrued if available to meet
current commitments. If not available it will be recorded as a receivable (A440) and credited to A691
Deferred Revenues. Tuition due to other school districts will be charged to A522 Expenditures and credited
to A631 Due to Other Governments
10. Budgeting, Budgetary Control and Budgetary Reporting
Purpose Claries requirements for budgets and their relationship to the accounting records
Principle
An annual budget(s) should be adopted for every governmental unit.
The accounting system should provide the basis for appropriate budgetary con-
trol.
In New York State, general statutory law requires political subdivisions to establish appropriations as a
means of providing control over amounts that may be expended. In addition, revenues other than real
property taxes must be estimated as a means of determining the amount of real property taxes to be levied.
OSC requires budgets for funds classied as general, special revenue, capital projects and debt service. At
a minimum, revenues must be controlled by source and expenditures by functional unit and basic object
of expenditure. The books of accounts must establish budgetary control at the level of detail contained in
the original budget and as modied by the governing board during the scal year. A school district should
control expenditures for each budget line that it has established.
8 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
11. Transfers, Revenues and Expenditures Account Classication
Purpose Identies the accounting classications of transactions
Principle
Interfund transfers and proceeds of general long-term debt issues should be classied
separately from fund revenues and expenditures.
Governmental fund revenue should be classied by fund and source. Expenditures should be classied by
fund, function (or program), organization unit, activity, character, and principal classes of objects.
12. Common Terminology and Classication
Purpose Provides the ability to compare planned and actual activities for all funds
Principle
A common terminology and classication should be used consistently throughout the
budget, the accounts, and the nancial reports of each fund.
13. Interim and Annual Financial Reports
Purpose Claries nancial reporting requirements
Principle
Appropriate interim nancial statements and other pertinent information should be
prepared to facilitate management control of nancial operations, board of education
oversight, and, where necessary or desired, for external reporting purposes.
School districts are required to submit a nancial report, the ST-3, to the Ofce of the State Comptroller
and the State Education Department.
BASIC GOVERNMENTAL ACCOUNTING PRINCIPLES 9
Chapter 3 - Measurement Focus and Basis of
Accounting
MEASUREMENT FOCUS
Although school districts maintain their accounting records on a modied accrual basis of
accounting, which measures the ow of current nancial resources, they must convert this
nancial information to the accrual basis of accounting, which measures the ow of economic
resources, when preparing the district-wide nancial statements subject to an independent audit
(see Chapter 7).
ST-3 and Fund
Financial Statements
District-Wide
Financial Statements
Flow of current nancial resources Flow of economic resources
Are there more or less resources that can be
spent in the near future as a result of events
and transactions of the period?
Will the district be better or worse off
economically as a result of events and
transactions of the period?
Increase in spendable resources
- revenues or other nancing sources
Events and transactions that improve
economic position
- revenues or gains
Decrease in spendable resources
- expenditures and other nancing uses
Events and transactions that diminish
economic position
- expenses or losses
Situations which illustrate the difference between the two measurement focuses are as follows:
1. Receipt of long-term debt proceeds
ST-3 and Fund
Financial Statements
District-Wide
Financial Statements
Increase in spendable resources
DR Cash
CR Other Financing Sources
Economic position not improved
DR Cash
CR Bonds Payable
10 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
2. Repayment of principal on long-term debt
ST-3 and Fund
Financial Statements
District-Wide
Financial Statements
Decrease in spendable resources
DR Expenditure
CR Cash
Economic position not diminished
DR Bonds Payable
CR Cash
3. Capital acquisition
ST-3 and Fund
Financial Statements
District-Wide
Financial Statements
Decrease in spendable resources
DR Expenditure
CR Cash
Economic position not diminished
DR Equipment
CR Cash
4. Exhaustion of capital assets
ST-3 and Fund
Financial Statements
District-Wide
Financial Statements
No effect on spendable resources
Depreciation is not recognized
Economic position diminished
DR Depreciation Expense
CR Accumulated Depreciation
5. Deferrals and Amortization
ST-3 and Fund
Financial Statements
District-Wide
Financial Statements
Decrease in spendable resources
DR Expenditure
CR Cash
Economic position diminished only by the
expense for the beneted period
DR Deferred Charge
CR Cash
DR Amortization Expense
CR Deferred Charge
(Expense allocated over entire period of
benet.)
MEASUREMENT FOCUS AND BASIS OF ACCOUNTING 11
BASIS OF ACCOUNTING
A school districts accounting basis determines when transactions and economic events are reected
in its nancial statements.
Modied Accrual Basis:
Under the modied accrual basis of accounting, revenues and other nancial resources are recognized
when they become susceptible to accrual, that is when they become both measurable and available
to nance expenditures of the current period. Each school district should adopt an availability
period for all revenues, except real property taxes, which must have a 60 day availability period.
Expenditures are recognized when the fund liability is incurred, with certain exceptions, such as
principal and interest on long-term debt.
Accrual Basis:
Under the accrual basis of accounting, most transactions are recorded when they occur, regardless
of when cash is received or disbursed.
ST-3 and Fund
Financial Statements
District-Wide
Financial Statements
Cash ow must occur within a short-enough
period to affect current spendable resources.
Revenues must be both measurable and
available, and expenditures are generally
recognized when they are expected to draw
upon current spendable resources.
Revenue/gain or expense/loss recognized
when they occur regardless of cash ow.
1. Billing for services rendered
ST-3 and Fund
Financial Statements
District-Wide
Financial Statements
DR Receivable
CR Revenue
CR Deferred Revenue
Only the amount available to nance
liabilities of the current period would be
recognized as revenues.
DR Receivable
CR Revenue
Entire revenue recognized in the period in
which service was provided. The timing of
collections is not relevant.
jThe following are examples to illustrate the effects of these differences:
12 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
2. Employees earn vacation leave that will be taken or paid out in the future
ST-3 and Fund
Financial Statements
District-Wide
Financial Statements
No Expenditure
Leave would be recognized as an expenditure
to the extent it is expected to be liquidated
with current spendable resources.
DR Expense
CR Accrued Liability
The liability has been incurred.
EQUITY
The difference between assets and liabilities:
ST-3 and Fund
Financial Statements
District-Wide
Financial Statements
Fund Balance
Nonspendable
Restricted
Committed
Assigned
Unassigned
Net Assets
Invested in capital assets, net of related debt
Restricted
Unrestricted
MEASUREMENT FOCUS AND BASIS OF ACCOUNTING 13
The following funds and supplemental schedules are available for use by school districts. School
districts should establish and maintain only the minimum number of funds consistent with legal
and operating requirements (See Chapter 2, Principle 4).
Governmental Funds:
General (A) - the principal operating fund and includes all operations not accounted for
and reported in another fund.
Budgetary Accounts
Both the authorized nancial plan, or budget, and the actual results realized during the
scal year will be recorded. Accounts have been provided to record the budget and any
modications. The budgetary accounts are a self-balancing group of accounts. Control
accounts will record the total of estimated revenues and the total amount authorized for
expenditure (appropriations). Details of estimated revenues and appropriations will be
maintained in subsidiary ledger accounts. An account has been provided which will show
the amount of the fund balance appropriated to nance the current years budget. Actual
revenues and expenditures will not affect these accounts.
Proprietary Accounts
Accounts are provided to reect the assets and liabilities of a district and display the results
of operations in terms of revenue, expenditure and fund balance. Expenditures shall be
maintained in a subsidiary ledger by functional unit and object and will reect appropriations
as modied, expenditures, encumbrances and unencumbered balances. Actual revenues
shall be maintained in a subsidiary ledger which will also show the estimated revenues,
and the balance to be realized.
School Store Fund (B) - a special revenue fund previously used to record transactions
of stores maintained and operated by the board of education for the sale of textbooks and
other school supplies.
This fund has been eliminated with implementation of GASB Statement 54. Transactions
associated with this fund are now reported in the General Fund.
School Food Service Fund (C) - a special revenue fund used to account for and report
transactions of the school district breakfast, lunch and milk programs. Real property taxes
levied to subsidize the programs will be recorded in the General Fund and transferred to the
School Food Service Fund when needed. All direct expenses of the school breakfast, lunch
and milk programs will be paid from this fund. Budgetary and encumbrance accounting
are required. Surplus foods received from the Federal government shall be entered in the
records at market value. At the end of the scal year, a physical inventory of food must be
taken and the value recorded in the accounting records.
Chapter 4 - Funds and Supplemental
Schedules
14 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
Miscellaneous Special Revenue Fund (CM) - a special revenue fund used to account for and
report those revenues that are restricted or committed to expenditures for specied purposes.
Special Aid Fund (F) - a special revenue fund used to account for and report special projects
or programs supported in whole or in part by Federal funds or State-funded grants. A grant
is dened as a contribution of cash or other assets from the State to be used or expended
for a specic purpose or activity as opposed to an entitlement which is an amount to which
a school district is entitled pursuant to an allocation formula contained in specic statutes
and regulations. Entitlements will continue to be accounted for in the General Fund. State
grants which are to be accounted for in the Special Aid Fund are those which may possess
the following characteristics:
The program is funded in whole or in part through a distribution of State funds where
allocations are made on some basis other than a formula basis.
Payments of State assistance are usually made on a current basis (i.e., revenue is usually
received in the same scal year in which expenditures are made). There are exceptions,
such as summer handicapped aid.
An application or budget must be led with and approved by the State and/or Federal
government as a requirement prior to receipt of the funds or a separate expenditure report
is required at the completion of the program.
The funds are required to be expended for a specied purpose.
Federal or State aid for special projects will be credited directly to this fund. The local
share, if any, shall be provided for in the General Fund and transferred to the Special Aid
Fund. Revenues from other sources shall also be credited directly to this fund. All revenues
should be identied with a particular project.
Public Library Fund (L) - a special revenue fund used to account for and report transactions
of a library established and supported, in whole or in part, by real property taxes. The use
of this fund assures compliance with Education Law 259, which provides that all moneys
received from taxes or other public sources for library purposes shall be kept in a separate
fund. In addition to the tax and other public moneys, the library may receive gift and
endowment funds. These funds will be accounted for in a permanent fund or private-purpose
trust fund, as appropriate.
Library moneys appropriated for capital projects shall be transferred to the Capital Projects
Fund and expended upon authorization of the library trustees. Capital projects nanced
from the proceeds of obligations will be under the control of the governing board of the
school district.
Grant or contract payments by the school district to a free association library or to a public
library sponsored by another local government will not be recorded in this fund but will be
made directly from the General Fund.
For the purposes of nancial reporting, a decision will have to be made as to whether or not
the library meets the criteria for inclusion in the reporting entity.
FUNDS AND SUPPLEMENTAL SCHEDULES 15
Permanent Fund (PN) - used to account for and report resources that are legally restricted
to the extent that earnings, not principal, may be used for purposes that benet the school
district.
Capital Projects Fund (H) - used to account for and report nancial resources that are
restricted, committed, or assigned to expenditure for the acquisition or construction of
capital facilities and other capital assets, such as equipment. Capital projects funds must
be used if the acquisition or construction is nanced in whole or in part from the proceeds
of obligations, but may include funding from Federal, State and local sources.
Since capital projects are budgeted on an individual project basis, and since legal and
contractual requirements will vary from one project or class of projects to another, an
individual Capital Projects Fund should be established for each authorized project, as dened
by SED project number. There will be instances in which several related projects combined
under a single budgetary and/or debt authorization may be accounted for in a single fund. A
common example of this situation would be a series of building improvements carried out
over an extended period of time by a school district with funds provided by a single bond
authorization and issue. However, a combined balance sheet for all capital projects will be
presented in the nancial statements.
The Board of Educations authorization of specic capital projects is required prior to their
commencement as a means of ensuring that all legal aspects of the project are in order and
that nancial commitments will be met. Certain other requirements must be met before
capital projects can be undertaken. One of these is authorization to issue bonds when a part
or all of the fund resources are to be provided by borrowings. Referendum requirements,
if any, must also be complied with.
There will be many instances in which the General Fund or a Special Revenue Fund will
budget and expend its own resources for a capital purpose. So long as the resources in
such cases are derived exclusively from the direct revenues of the particular fund and do
not involve borrowing, such outlays may properly be accounted for in the fund involved
without a separate Capital Projects Fund.
The liability for long-term obligations issued to nance a project will not be recorded in
the Capital Projects Funds, but will be accounted for in the Non-Current Governmental
Liabilities account. This includes the proceeds of bonds and capital notes. Proceeds of
State or Federal aid received after completion of the project, which is restricted to payment
of debt service, will be recorded in the Debt Service Fund.
Capital assets acquired through a Capital Projects Fund will be accounted for in the Non-
Current Governmental Assets account.
The means of nancing and the estimated cost of a project will be recorded in memorandum
accounts similar to the entry for recording the annual budget in the General Fund. These
estimates will not be closed until the completion of the project and also will not appear in
the balance sheet.
The balance of obligations, accrued interest on obligations, earnings on investments and
bond premiums (if the premiums are not used for the capital project) will be transferred to
an operating or debt service fund for debt service payments.
16 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
Debt Service Fund (V) - used to account for and report the accumulation of resources
that are restricted, committed, or assigned to expenditure for the payment of principal and
interest on long-term debt. Debt service funds are required when segregation of resources
is legally mandated, including:
Proceeds from the sale of property on which debt is outstanding.
Interest earned on the proceeds of long-term debt which was not budgeted as a source
of nancing for the project.
Unexpended proceeds of long-term debt.
Taxes levied for debt service may be recorded directly in this fund or transferred from other
funds. Unexpended balances of proceeds of borrowings for capital projects, interest and
earnings from investing proceeds of obligations, and premium and accrued interest will be
recorded here and held until appropriated for debt payments.
A single debt service fund will be maintained to account for and report the payment of long-
term debt, however, subsidiary records should be maintained for individual debt issuances.
Fiduciary Funds:
Agency Fund (TA) - accounts for assets held by a school district as an agent for individuals,
private organizations or other governments and/or other funds. Agency funds are custodial
in nature (assets equal liabilities) and do not involve measurement of results of operations.
Private-Purpose Trust Fund (TE) - accounts for trust arrangements under which principal
and income benet individuals, private organizations or other governments. A scholarship
is an example of a Private-Purpose Trust Fund.
Supplemental Schedules:
Non-Current Governmental Assets (K) - accounts for capital assets of a school district
not accounted for through duciary funds. Amounts are reported in the ST-3 Report in the
Supplemental Schedule SS-4.
Non-Current Governmental Liabilities (W) - accounts for the unmatured general long-
term debt and liabilities of a school district which are not recorded as a liability in another
fund. Amounts are reported in the ST-3 Report in the Supplemental Schedule SS-2.
FUNDS AND SUPPLEMENTAL SCHEDULES 17
Chapter 5 - Classication and Coding
Structure
School districts in New York State are required to use a standard system for classifying and coding
accounting transactions.
Classication:
A classication of accounts is a systematic arrangement of accounts based upon a denite scheme.
The purpose of classifying accounts is to provide a standard format for recording and reporting
nancial transactions which allows comparisons to be made with other school districts or other
nancial periods. The classication system serves many purposes: a basis for budgeting, accounting,
and reporting; administrative control; accountability to the Ofce of the State Comptroller, State
Education Department, and the general public; cost accounting; and the compilation of nancial
statistical data on the state level.
Coding:
Coding of accounts facilitates the classication of data on source documents and the posting of
entries in the accounting records. It enables identication of transactions quickly and provides
consistency in reporting. The coding system used in New York State is an alphanumeric system - a
letter or combination of letters followed by a series of digits.
18 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
The alpha portion of each code, consisting of one or two letters, identies the fund. The following
funds are provided for school districts in New York State:
Fund Alpha Code
Governmental Funds:
General A
Special Revenue Funds
School Food Service Fund C
Miscellaneous Revenue CM
Special Aid Fund F
Public Library L
Capital Projects H
Permanent PN
Debt Service V
Fiduciary Funds:
Agency TA
Private Purpose Trust TE
The numeric portion of each code, which immediately follows the alpha portion, identies general
ledger, revenue and expenditure/expense accounts. The same account code number, where
applicable, is used in all funds.
General ledger codes have three digits and are arranged in balance sheet order; assets, followed
by liabilities and fund equity.
100 499 Assets
600 699 Liabilities
800 999 Fund Equity
For example 200 identies the asset CASH in each fund. A200 identies the asset CASH in the
General Fund.
Revenue codes have four digits and are arranged by source (where did the revenue come from):
1000 2999 Local Sources
3000 3999 State Sources
4000 4999 Federal Sources
5000 5999
Interfund Transfers
and Proceeds of Obligations
CLASSIFICATION AND CODING STRUCTURE 19
Each category is further subdivided to better identify the revenue source. For example 2401 identies
INTEREST AND EARNINGS in each fund.
GAAP requires revenues to be classied by fund and by source. Thus, General Fund INTEREST
AND EARNINGS would be classied A2401.
Expenditure codes have a minimum of 5 digits and are arranged by functional unit and object of
expenditure. The term function refers to the primary classication and description as to purpose
(what was the purpose of the expenditure). The rst four digits identify the function:
1000 1999 General Support
2000 2999 Instruction
5000 5999 Transportation
6000 8999 Community Service
9000 9099 Employee Benets
9700 9799 Debt Service
9900 9999 Interfund Transfers
Each function is further subdivided to better classify the expenditure. For example, expenditure
code 1325 in the General Support function identies the Treasurers Ofce within the nancial
ofce of the school district.
Expenditures should be further classied by character, that is, on the basis of the scal period they
are presumed to benet. The major character classications are: current, capital outlay and debt
service. Character classications may be accomplished by grouping the object classications,
discussed below, which are subdivisions of the character classication.
The object of the expenditure (the fth digit in the code) is a secondary classication and identies
the item purchased or service obtained in order to carry out a function. The object is identied by
the fth and nal digit:
.1 Personal Services
.2 Equipment and Capital Outlay
.4 Contractual and Other
.6 Debt Service Principal
.7 Debt Service Interest
.8 Employee Benets
.9 Interfund Transfer
Code 1325 from above can then be further classied as 1325.4 indicating Contractual Services
within the Treasurers Ofce.
GAAP requires expenditures to be classied by fund, function, character and object. Thus a General
Fund expenditure for Contractual Services within the Treasurers Ofce is coded A1325.4.
20 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
The coding of expenditures may be expanded to include more detail such as department, location
and/or activity accounting. This can be accomplished at the school district level by further expanding
the object of expenditure code by adding additional digits. Coding available for use by school
districts have specic expanded objects of expenditure depending on the fund, as follows:
General Fund
Basic Objects of Expenditure
.10 Teacher Salaries, Pre-Kindergarten
.11 Teacher Salaries, Day Kindergarten
.12 Teacher Salaries, K-6
.13 Teacher Salaries, 7-12
.14 Substitute Teacher Salaries
.15 Instructional Salaries
.16 Noninstructional Salaries
.45 Materials and Supplies
.471 Tuition Paid to Public Districts in NYS
(excluding Special Act Districts)
.472 Tuition - All Other
.473 Payments to Charter Schools
.48 Textbooks
.49 BOCES Services
Special Objects of Expenditure
2610.46 School Library A/V Loan Program
2630.22 State-Aided Computer Hardware - Purchase
2630.46 State Aided Computer Software
5510.21 Purchase of Buses
9901.93 Transfer to School Food Service Fund
9901.95 Transfer to Special Aid Fund
9901.96 Transfer to Debt Service Fund
School Food Service Fund
.16 Salaries
.401 Management Company Admin Service Fee
.402 Net Management Company Direct Expenses
.409 All Other Contractual
.41 Net Cost of Food Used
Special Aid Fund
.15 Instructional Salaries
.16 Noninstructional Salaries
.21 Purchase of Buses
.45 Materials and Supplies
CLASSIFICATION AND CODING STRUCTURE 21
Special Aid Fund (Continued)
.471 Tuition Paid to Public Districts in NYS (excluding
Special Act Districts)
.472 Tuition - All Other
.473 Payments to Charter Schools
.48 Textbooks
.49 BOCES Services
Capital Funds
Basic Objects of Expenditure
.201 Superintendent of Construction or Clerk of Works
.210 Buses
.240 Contractual and Other (Including Architecture,
Legal, Engineering, and Insurance)
.291 Land
.292 Buildings
.293 General Construction (Including HVAC, Plumbing,
Electric, Site Improvement, and Utility Service
Special Objects of Expenditure
2110.200 Regular School - Furniture, Equipment, Textbooks
1621.200 Maintenance of Plant
9901.96 Transfer to Debt Service Fund
Employee benets, including such items as the school districts share of social security, retirement
and various types of insurance, may be recorded in two ways. The rst method would be to use the
Employee Benets Codes (9000-9099) with the .8 object of expenditure. The alternative method
would be to charge the employee benets to the various functional units using the .8 object of
expenditure.
Control account codes are used to record the aggregate of debit and credit postings to a number
of related accounts called subsidiary accounts. Control account codes have three digits. Code
522 Expenditures is used to record claims, vouchers and payrolls paid or accrued, including those
of special reserves. Code 980 Revenues is used to record revenues, including those of special
reserves.
22 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
Chapter 6 - Budgeting
GASB has given authoritative guidance on the budget and budgetary accounting in Section 1700
of its Codication of Governmental Accounting and Financial Reporting Standards. The sources
of this guidance are the National Council on Governmental Accounting (NCGA) Statement 1 and
Interpretation 10, and GASB Statement 34.
NCGA Interpretation 10 (State and Local Government Budgetary Reporting) denes the appropriated
budget as the expenditure authority created by the appropriation bills or ordinances that are signed
into law and related estimated revenues, including all reserves, transfers, allocations, supplemental
appropriations, and other legally authorized legislative and executive changes.
It sets forth the following statements of principle on budgeting and budgetary control:
1. An annual budget(s) should be adopted by every governmental unit.
2. The accounting system should provide the basis for appropriate budgetary control.
3. A common terminology and classication should be used consistently throughout the
budget, the accounts and the nancial reports of each fund or activity.
The budget is an essential ingredient in the nancial planning, control and evaluation process of any
government. Every governmental unit in New York State is either required to, or should, prepare
an annual operating budget.
Simply stated, the budget is an estimated nancial plan of a government which represents the
spending authority for the various purposes of the government and the means of nancing those
proposed expenditures.
Legal Level of Control
School district budget form SBM-1 represents the minimum level of legal budgetary compliance
to be entered into the formal accounting system of a district.
Budgetary Integration
Formal budgetary accounting is a management control technique used to assist in controlling
expenditures and tracking revenues. Budgetary accounting techniques are important because
the annual budget is a legal compliance standard against which the operations of government are
evaluated.
Because statutory laws of the State of New York require staying within appropriated budgets, the
accounting structure is designed to ensure and demonstrate compliance with the budget. To achieve
this goal, appropriated budgets are integrated into the accounting system. Integrating the budget
means the accounting system is specically designed to provide ongoing and timely information
on unrealized budgetary revenues, as well as remaining uncommitted balances of appropriations.
BUDGETING 23
After their managerial control purpose has been served, during the year end closing process, the
general ledger budgetary accounts are reversed. Therefore, the budgetary accounting process has
no effect on the actual results of operations.
Accounting for the Budget
The range and method of budgetary practices are outside the scope of nancial reporting standards.
However, budgetary compliance is a dominant consideration in managing governments. The basis on
which the budget is prepared should be consistent with the measurement focus of the particular fund.
The system prescribed by OSC provides for the integration of the budget into the accounting records
to provide for the control of authorized expenditures.
A journal entry will be made for the general ledger accounts only. The debits and credits must
equal and remain within the self-balancing group of budgetary accounts. Those accounts are as
follows:
510 Estimated Revenues
511 Appropriated Reserves
530 Obligations Authorized
599 Appropriated Fund Balance
960 Appropriations
962 Budgetary Provisions for Other Uses
The subsidiary revenue and expenditure accounts support the totals in the general ledger. The budget
will be posted to the subsidiary accounts directly from the actual budget. The following illustrates
the above:
Debit Credit
7/1/xx 510 Estimated Revenues xxxx
599 Appropriated Fund Balance xxxx
960 Appropriations xxxx
To record the adopted budget
Throughout the year the general ledger control account, Appropriations and the subsidiary
appropriation accounts are used to control expenditures, keeping them within the authorized spending
authority of the budget. The general ledger control account Estimated Revenues is used to record
and summarize aggregated estimated revenues to ensure that revenues to support the appropriations
are received, or on track to be received. Analysis of these accounts on a continuing basis will
enable the budget ofcer to determine when the budget will have to be modied because original
appropriations are insufcient or estimated revenues will not materialize.
Encumbrances
Encumbrances are informally dened as an appropriation thats spoken for. They are commitments
related to unperformed executory contracts for goods or services. The encumbrance account does
not represent a GAAP expenditure, only a commitment to expend resources. Likewise, the account,
24 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
Reserve for Encumbrances, is not synonymous with a liability account since the liability is
recognized only when the goods are received or the services are performed.
The use of encumbrance accounting as a continuous and integral part of the accounting system
enhances budgetary control. In a formal encumbrance system, each appropriation account should
show the amount appropriated, the amount encumbered, the amount expended, and the unencumbered
balance. The principal purpose of this requirement is to guard against the creation of liabilities
in excess of the appropriations approved by the governing board. To record encumbrances, the
account code to use is 521 Encumbrances.
Before a purchase order or similar document is released to a supplier or contractor, it should be
approved by the purchasing agent indicating the availability of appropriations. A copy should be led
with the purchasing agent and also with the unit initiating the order. If an appropriation balance is
available, the chief scal ofcer will enter the encumbrance against the proper appropriation account.
In those instances where a proposed commitment exceeds the available balance, the encumbrance
should not be entered and the purchase order should be returned to the originating unit until such
time as appropriate action is taken to amend the budget.
At the end of the scal year, the account 521 Encumbrances is closed to account 912 Unrestricted
Fund Balance, and then allocated among the appropriate fund balance categories of restricted,
committed or assigned for nancial reporting purposes (districts may use the appropriate reporting
codes directly for budgeting, accounting and reporting purposes). This serves to constrain fund
balance for the potential liability of goods and services ordered. On the rst day of the next scal
year, the entry closing the encumbrance account (and subsequent allocation among fund balance)
is reversed and the budget for the subsequent year is increased in a like amount to provide for the
potential expenditures authorized in the previous year.
Budget Transfers and Supplemental Appropriations
Transfers The school district is bound by limitation on budgetary transfers, whether operating
under a contingent budget or passed budget.
1. Under any budget, transfers can only be made between contingent codes or from non-
contingent to contingent codes. Transfers can never be made from contingent areas to
non-contingent areas of budgets nor between non-contingent areas of the budget. Non-
contingent expenditure codes cannot be increased absent voter authorization (which
includes new equipment and subsidization of the school food service operations).
2. If operating under a contingent budget, a district is also bound by budget caps. SED
maintains information on contingency budget caps at their website at www.p12.nysed.
gov/mgtserv/budgeting. When operating under a contingent budget, a school district must
be able to maintain an internal budgetary control system that allows for the sustained
monitoring of appropriations and spending.
Supplemental Appropriations The school district is limited in its ability to adjust its total spending
subsequent to authorization.
1. No board may incur a liability in excess of the amount appropriated by a district meeting
unless such board is specially authorized by law to incur such liability.
BUDGETING 25
2. Generally, a school district cannot increase appropriations solely on the basis of the
receipt of additional revenue. However, grants in aid received from the State or Federal
government, gifts which are required to be spent for particular objects or purposes and
insurance proceeds received for the loss, theft, damage or destruction of real or personal
property, when proposed to be used or applied to repair or replace such property, may
be appropriated by resolution of the board at any time for such objects or purposes.
Budgetary Reporting
Budget Status Report The treasurer is required to render a report to the Board of Education at
least quarterly (monthly in the event that a budget transfer has been made since the last report), for
each fund including, at a minimum, the revenue and appropriation accounts required in the Annual
School Budget form. This report should be presented to the Board of Education on a monthly
basis (according to sections 2117(1) and 2122(6) of the New York State Education Law and section
170.2(p) of the Regulations of the Commissioner of Education), and include, at a minimum, the
status of these accounts in at least the following detail:
Revenue Accounts
Estimated revenues
Amounts received to date of report
Revenues estimated to be received during balance of scal year
Overages and deciencies
Appropriation Accounts
Original appropriations
Transfers and adjustments
Revised appropriations
Expenditures to date
Outstanding encumbrances
Unencumbered balances
26 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
Governmental accounting is concerned with the collection and analysis of a governments nances.
This information has very little value if it cannot be communicated in a timely and effective manner.
Financial reporting serves as the link between a school districts nancial information and the school
districts numerous, varied users they are designed to serve. Some of these users include school
boards and oversight bodies, investors, creditors, taxpayers, the State Education Department (SED)
and OSC.
Internal Reporting
Internal reporting typically is designed to accomplish two goals:
To allow management to monitor compliance with legal and contractual provisions applicable
to the management of public funds.
To provide management with information on current performance that it needs to make
future nancial plans.
Because internal reports are designed expressly to serve the needs of management, management
is free to select whatever format or content it believes most relevant. Interim reports usually are
prepared on the budgetary basis and often do not include statements reporting general capital assets
or general long-term debt. It is highly unusual for internal reports to be prepared in accordance
with GAAP.
External Reporting
Annual Financial Report ST-3
General Municipal Law Section 30 requires every school district to annually make a report of its
nancial condition to the State Comptroller. School districts meet this requirement with the ling
of their annual nancial report (ST-3) with SED and OSC via the State Aid Management System
(SAMS). The requirements for nancial reporting prescribed in this manual are the basis for the ST-3.
The ST-3 includes fund nancial statements, which are reported substantially in compliance with
GAAP, and supplemental schedules, which are designed to meet specic needs of SED and OSC.
Updates to the ST-3 are communicated by SED and are available on their website at https://stateaid.
nysed.gov/st3/.
Audited Financial Statements
Section 2116-a of the New York State Education Law and Section 170.2(r) of the Regulations of the
Commissioner of Education require each school district employing eight or more teachers to obtain
an annual audit of its records by an independent Certied Public Accountant or an independent
Public Accountant. All audits should be conducted in accordance with generally accepted auditing
standards (GAAS) issued by the AICPA, and Government Auditing Standards (GAGAS), issued by
the Comptroller General of the United States. A copy of the independently prepared audit report,
Chapter 7 - Financial Reporting
FINANCIAL REPORTING 27
along with any written response to the report, must be led with SED and OSC. The audited
nancial statements will include managements discussion and analysis (MD&A), basic nancial
statements, (which includes government-wide nancial statements, fund nancial statements, and
notes to the nancial statements), and other required supplementary information.
Managements Discussion and Analysis (MD&A)
Financial managers of governments are knowledgeable about transactions, events and conditions that
are reected in a governments nancial report and of the scal policies that govern its operations.
These nancial managers will share their insights in a required MD&A which will precede the
basic nancial statements. The MD&A will give readers an objective and easily readable analysis
of the governments overall nancial performance for the year. The MD&A will also provide an
analysis of the governments overall nancial position and results of the previous years operations
to assist the user of the statements in assessing whether the governments nances have improved or
deteriorated. The analysis should explain signicant variations in fund-based nancial results and
budgetary information and describe capital asset and long-term debt activity during the year. The
MD&A will conclude with a description of currently known facts or conditions that are expected
to have a signicant effect on the governments future nancial position and operations.
District-Wide Financial Statements
The district-wide nancial statements will be prepared using the economic resources measurement
focus and the full accrual basis of accounting and include a statement of net assets and a statement
of activities. Fiduciary activities will be excluded from the district-wide statements.
The statement of net assets should report all nancial and capital resources, including capital
assets and infrastructure, net of depreciation, and all liabilities, including long-term liabilities. The
difference between a governments assets and its liabilities are its net assets.
The statement of activities should be presented in a format that reports net revenues (expenses) of
its individual functions. An objective of this format is to report the relative nancial burden of each
of the reporting governments functions. General revenues, including property taxes, contributions,
special and extraordinary items and transfers will be reported separately after the total net expenses
of the governments functions, ultimately arriving at the changes in net assets for the period.
Fund Financial Statements
Fund-based nancial reporting in the basic nancial statements focuses on major individual funds.
Each major fund is reported individually. Data for all non-major governmental funds will be
aggregated into a single other column. The districts general fund will always be reported as a
major fund. Other governmental funds should be reported as major funds based on the following
criteria:
1. Total assets, liabilities, revenues or expenditures of the individual governmental fund are
at least 10 percent of the corresponding total (assets, liabilities, revenues or expenditures)
for all funds of that category, and
2. Total assets, liabilities, revenues or expenditures of the individual governmental fund are at
least 5 percent of the corresponding total (assets, liabilities, revenues or expenditures) for
all governmental funds combined.
28 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
In addition, any governmental fund that district ofcials believe is particularly important to the
nancial statements user may be reported as a major fund.
Financial statements for governmental funds should be presented using the current nancial resources
measurement focus and the modied accrual basis of accounting and include a balance sheet and
statement of revenues, expenditures and changes in fund balance. These are the same statements
contained in the ST-3.
Districts will also be required to present a summary reconciliation to the district-wide nancial
statements.
Notes to the Financial Statements
The notes to the nancial statements should communicate information essential for fair presentation
of the basic nancial statements that is not displayed on the face of the nancial statements. As
such, the notes form an integral part of the basic nancial statements.
Disclosure in the notes is needed only when the information required to be disclosed is not displayed
on the face of the nancial statements. The notes should not be cluttered with unnecessary and
immaterial disclosures. Attendant circumstances and materiality must be considered in assessing
the propriety of the notes to the nancial statements disclosures. Notes to the nancial statements
provide necessary disclosure of material items, the omission of which would cause the nancial
statements to be misleading.
Other Required Supplementary Information
Required supplementary information consists of schedules, statistical data, and other information
that the GASB has determined are an essential part of nancial reporting and should be presented
with, but are not part of, the basic nancial statements of a district. Other required supplementary
information may include budgetary comparison schedules, information about the modied approach
for reporting infrastructure assets, and the other postemployment benets funding progress.
For additional information on audits of nancial statements of school districts, please see the
SEDs Audit Reference Manual on their website at www.p12.nysed.gov/mgtserv/accounting/
referencemanual/.
Federal Single Audits
The Federal Single Audit Act as amended requires school districts who expend $500,000 or more
in a year in Federal awards to have a Single Audit conducted in accordance with OMB Circular
A-133. The audit report issued in conjunction with Circular A-133 generally must be submitted
to the federal government, SED, and OSC within the earlier of 30 days after receipt of the report,
or nine months after the end of the audit period. Corrective action plans for the major program
ndings for federal programs must be submitted with the audit report and corrective action plans
for the nancial statement ndings must be submitted within 90 days of receipt of the audit report.
GASB Statement No. 34 29
Chapter 8 - Sample Journal Entries
This chapter presents sample journal entries for school districts. Some entries, such as the
opening and closing entries, may happen behind the scenes in your nancial software program
and would not have to be entered by the district. These samples do not represent all possible
journal entries. If you are unable to nd the necessary sample journal entry, contact the
regional ofce that serves your local government for assistance.
INDEX
Journal Entry
Numbers
General Fund Journal Entries
Opening Entry ....................................................................................................................1
Budget Entry and Subsequent Modications ................................................................. 2-5
Current and Overdue Real Property Taxes .................................................................. 6-13
Deferred Taxes and Allowances for Uncollectable Taxes ......................................... 14-15
Deferred Revenues Planned Balance ...................................................................... 16-18
Revenues Other Than Real Property Taxes ............................................................... 19-24
Accounts Receivable .................................................................................................. 25-30
Expenditures .............................................................................................................. 31-36
Encumbrances ............................................................................................................ 37-40
Petty Cash Accounts .................................................................................................. 41-43
Due from Other Funds ............................................................................................... 44-45
Investments ................................................................................................................ 46-48
Reserves ..................................................................................................................... 49-54
Tax Anticipation Notes .............................................................................................. 55-58
Revenue Anticipation Notes ...................................................................................... 59-62
Budget Notes .............................................................................................................. 63-66
Debt Service ............................................................................................................... 67-68
Overpayments and Deferred Revenues ...................................................................... 69-72
Due to Other Funds ..........................................................................................................73
Due to Other Governments ..............................................................................................74
Inventory .................................................................................................................... 75-78
30 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
Journal Entry
Numbers
Accounts Payable and Accrued Liabilities ................................................................ 79-80
Closing Entries ........................................................................................................... 81-86
School Food Service Fund Journal Entries ................................................................ 87-96
Special Aid Fund Journal Entries ............................................................................. 97-107
Capital Projects Fund Journal Entries .................................................................... 108-121
Public Library Fund Journal Entries ...................................................................... 122-133
Debt Service Fund Journal Entries ........................................................................ 134-146
SAMPLE JOURNAL ENTRIES 31
GENERAL FUND
OPENING ENTRY
1a
(All districts except city school districts)
To record the opening entry of the General Fund as shown by records at the close of the
preceding scal year:
Debit Credit
A200 Cash $103,600
A220 Cash from Obligations $3,000
A230 Cash, Special Reserves $12,000
A231 Cash in Time Deposits, Special Reserves $38,000
A380 Accounts Receivable $400
A389 Allowance for Receivables $100
A391 Due from Other Funds $12,000
A440 Due from Other Governments $1,400
A450 Investment in Securities $10,000
A452 Investment in Securities, Special Reserves $40,000
A600 Accounts Payable $500
A601 Accrued Liabilities $500
A622 Budget Notes Payable $7,000
A632 Due to State Teachers Retirement System $120,000
A690 Overpayments $100
A691 Deferred Revenues $100
A867 Reserve for Employee Benets and Accrued Liabilities $50,000
A912 Unrestricted Fund Balance $42,100
NOTE: A912 Unrestricted Fund Balance is used for budgeting and accounting only, not for reporting
purposes. It will be allocated to A913 Committed, A915 Assigned or A917 Unassigned Fund Balances
for reporting purposes, as appropriate. Districts may use A913, A915 or A917 directly for budgeting
and accounting purposes instead of A912.
32 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
1b
(City school districts only)
To record the opening entry of the General Fund as shown by records at the close of the
preceding scal year:
Debit Credit
A200 Cash $103,600
A220 Cash from Obligations $3,000
A230 Cash, Special Reserves $12,000
A231 Cash in Time Deposits, Special Reserves $38,000
A260 Taxes Receivable, Overdue $18,000
A342 Allowance for Uncollectible Taxes $3,000
A380 Accounts Receivable $400
A389 Allowance for Receivables $100
A391 Due from Other Funds $12,000
A440 Due from Other Governments $1,400
A450 Investment in Securities $10,000
A452 Investment in Securities, Special Reserves $40,000
A600 Accounts Payable $500
A601 Accrued Liabilities $500
A622 Budget Notes Payable $7,000
A632 Due to State Teachers Retirement System $120,000
A690 Overpayments $100
A691 Deferred Revenues $100
A694 Deferred Tax Revenues $15,000
A867 Reserve for Employee Benets and Accrued Liabilities $50,000
A912 Unrestricted Fund Balance $42,100
NOTE: A912 Unrestricted Fund Balance is used for budgeting and accounting only, not for reporting
purposes. It will be allocated to A913 Committed, A915 Assigned or A917 Unassigned Fund
Balances for reporting purposes, as appropriate. Districts may use A913, A915 or A917 directly for
budgeting and accounting purposes instead of A912.
SAMPLE JOURNAL ENTRIES 33
BUDGET ENTRY AND SUBSEQUENT MODIFICATIONS
2a
(Journal entries 2a, 2b and 2c have been separated into multiple entries for illustration
purposes, they would normally be one combined entry.)
To record the annual budget for the General Fund as adopted by the board of education and
approved by the district electorate:
Sub
Account Debit Credit
A510 Estimated Revenues $1,490,000
A1001 Real Property Taxes $689,000
A3101 State Aid - Basic
Formula
$701,000
A - - - - Various Revenues
(Details in Subsidiary
Ledger)
$100,000
A599 Appropriated Fund Balance $14,000
A960 Various Appropriations $1,500,000
(Details in Subsidiary
Ledger)
$1,500,000
A962 Budgetary Provision for Other
Uses
$4,000
Budget Note $4,000
2b
To budget for an addition to a reserve fund, in this case the Reserve for Employee Benet
Accrued Liability:
Sub
Account Debit Credit
A510 Estimated Revenues $50,000
A1001 Real Property Taxes -
Reserve for EBAL
$50,000
A962 Budgetary Provision for Other
Uses
$50,000
Reserve for EBAL $50,000
34 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
2c
To budget for appropriation of funds from a reserve fund, in this case the Reserve for
Employee Benet Accrued Liability:
Sub
Account Debit Credit
A511 Appropriated Reserves - Reserve for EBAL $50,000
A960 Appropriations $50,000
A9089.8 Other Employee Benets $50,000
NOTE: The appropriation could be charged to A9089.8 or charged directly to the appropriate
functional areas using the .1 or .8 object of expenditure.
3a
To record the appropriation of unanticipated revenues from grants in aid, gifts or insurance
proceeds to meet additional appropriations:
Sub
Account Debit Credit
A510 Estimated Revenues $122,000
A2680 Insurance Recoveries $20,000
A2705 Gifts and Donations $2,000
A3262 Computer Software Aid $100,000
A960 Appropriations $122,000
A - - - - Various Appropriations $122,000
3b
To record the appropriation of fund balance to increase existing or to meet additional
appropriations:
Sub
Account
Debit Credit
A599 Appropriated Fund Balance $10,000
A960 Appropriations $10,000
A - - - - Various Appropriations $10,000
NOTE: See Education Law 1718 for a more complete discussion of the situations when
appropriations may be increased.
SAMPLE JOURNAL ENTRIES 35
4
To record a reduction of appropriations and estimated revenues whenever the board of
education determines that the revenue will not equal the budget estimates:
Sub
Account Debit Credit
A960 Appropriations $5,000
A1620.4 Operation of Plant $5,000
A510 Estimated Revenues $5,000
A1310 Day School Tuition from
Individuals
$5,000
5
To record a transfer between appropriations when the board of education determines the
unencumbered balance of one appropriation is unneeded:
Sub
Account Debit Credit
A960 Appropriations $3,000
A1621.4 Maintenance of Plant $3,000
A960 Appropriations $3,000
A2110.4 Teaching - Regular
School
$3,000
CURRENT AND OVERDUE REAL PROPERTY TAXES
6a
(All districts except city school districts)
To record the real property taxes levied for the General Fund budget and other levies:
Sub
Account Debit Credit
A250 Taxes Receivable, Current $960,000
A630 Due to Other Funds $20,000
A631 Due to Other Governments $201,000
A980 Revenues $739,000
A1001 Real Property Taxes $600,000
A1001 Real Property Taxes -
Reserve for EBAL
$50,000
A1085 School Tax Relief
Reimbursement
$89,000
NOTE: Real property taxes raised for the reserve should be segregated to be transferred into the
reserve when funds are received.
36 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
6b (City school districts only)
Sub
Account Debit Credit
A250 Taxes Receivable, Current $976,000
A631 Due to Other Governments $221,000
A342 Allowance for Uncollectible Taxes $1,000
A694 Deferred Tax Revenues $15,000
A980 Revenues $739,000
A1001 Real Property Taxes $600,000
A1001 Real Property Taxes -
Reserve for EBAL
$50,000
A1085 School Tax Relief
Reimbursement
$89,000
NOTE: Real property taxes raised for the reserve should be segregated to be transferred into the
reserve when funds are received.
7
To record collection of taxes:
Sub
Account Debit Credit
A200 Cash $952,000
A250 Taxes Receivable, Current $951,000
A980 Revenues $1,000
A1090 Interest and Penalties on
Real Property Taxes
$1,000
8a
(All districts except city school districts)
To record cancellation or reduction of erroneous taxes pursuant to court order, county
treasurer rejection, or action of the board of education prior to the return of taxes by the
collector in the current scal year:
Sub
Account Debit Credit
A980 Revenues $1,000
A1001 Real Property Taxes $1,000
A250 Taxes Receivable, Current $1,000
SAMPLE JOURNAL ENTRIES 37
8b
(City school districts only)
Where a city school district has established an allowance for uncollectible taxes the entry
will be:
Debit Credit
A342 Allowance for Uncollectible Taxes $1,000
A250 Taxes Receivable, Current $1,000
9
To record transfer of current taxes to overdue status upon return to the city or county
enforcement ofcer:
Sub
Account Debit Credit
A260 Taxes Receivable, Overdue $14,280
20__ Levy $14,280
A250 Taxes Receivable, Current $14,000
A980 Revenues $280
A1090 Interest and Penalties on
Real Property Taxes
$280
10
(All districts except city school districts)
To record payment by the county treasurer of taxes returned to the county for collection:
Sub
Account Debit Credit
A200 Cash $23,420
A260 Taxes Receivable, Overdue $23,000
A980 Revenues $420
A1090 Interest and Penalties on
Real Property Taxes
$420
38 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
11
(City school districts only)
To record receipt of taxes from enforcement ofcer upon collection or enforcement by the
city or county (including interest added and collected by the enforcement ofcer):
Sub
Account Debit Credit
A200 Cash $17,150
A260 Taxes Receivable, Overdue $16,000
20__ Levy $4,000
20__ Levy $12,000
A980 Revenues $1,150
A1090 Interest and Penalties on
Real Property Taxes
$1,150
12
(City school districts only)
To record refund of current taxes:
Sub
Account Debit Credit
A980 Revenues $500
A1001 Real Property Taxes $490
A1090 Interest and Penalties on
Real Property Taxes
$10
A200 Cash $500
NOTE: Refund may be charged to A694 Deferred Tax Revenue or A342 Allowance for Uncollectible
Taxes. At the end of the year if these accounts are required to be adjusted (upward or downward)
the offsetting entry would be A980 Revenues - 1001 Real Property Taxes.
13
(City school districts only)
To record cancellation of overdue taxes:
Sub
Account Debit Credit
A342 Allowance for Uncollectible Taxes $100
A260 Taxes Receivable, Overdue $100
20__ Levy $50
20__ Levy $50
NOTE: Cancellation may be charged to A694 Deferred Tax Revenues or A980 - 1001 if there are
insufcient balances in A342. See prior journal entry for note on adjustment.
SAMPLE JOURNAL ENTRIES 39
DEFERRED TAXES AND ALLOWANCES FOR UNCOLLECTIBLE TAXES
14
(City school districts only)
To record a transfer from Deferred Tax Revenues to A342 Allowance for Uncollectible Taxes
for the additional amount of taxes estimated to be uncollectible:
Debit Credit
A694 Deferred Tax Revenues $1,000
A342 Allowance for Uncollectible Taxes $1,000
NOTE: The entry for the current years provision for uncollected taxes is shown in entry 6. If
provision has not been made for an allowance or deferred revenue the charge would be to A980
Revenues -1001 Real Property Taxes.
15
(City school districts only)
To record the amount of deferred tax revenue which becomes available as a revenue:
Sub
Account Debit Credit
A694 Deferred Tax Revenues $17,770
A980 Revenues $17,770
A1001 Real Property Taxes $17,770
DEFERRED REVENUES PLANNED BALANCE
16
(All districts except city school districts)
To record the portion of the opening entry of the General Fund as shown by records at the
close of the preceding scal year for the amount raised in the prior years tax levy to meet
expenditures of the rst 120 days for the current year:
Debit Credit
A200 Cash $20,000
A692 Deferred Revenues - Planned
Balance
$20,000
NOTE: This entry for the use of the planned balance would be included with entry 1a.
40 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
17
(All districts except city school districts)
To record at the beginning of the scal year the reclassication of revenue for the amount
raised in the prior years tax levy to meet expenditures of the rst 120 days for the current
year:
Sub
Account Debit Credit
A692 Deferred Revenues - Planned Balance $20,000
A980 Revenues $20,000
A1040 Appropriation of Planned
Balance
$20,000
18
(All districts except city school districts)
To record the portion of the entry of the real property taxes levied in the General Fund for
the amount raised in the current years tax levy to meet expenditures of the rst 120 days
for the subsequent year:
Debit Credit
A250 Taxes Receivable, Current $25,000
A692 Deferred Revenues - Planned
Balance
$25,000
NOTE: This entry for the raising of the planned balance would be included with entry 6a.
REVENUES OTHER THAN REAL PROPERTY TAXES
19
To record receipt of cash revenues:
Sub
Account Debit Credit
A200 Cash $90,000
A980 Revenues $90,000
A - - - - Various Revenues $90,000
SAMPLE JOURNAL ENTRIES 41
20
To record the accrual of Federal aid:
Sub
Account Debit Credit
A410 Due from State and Federal $150,000
A980 Revenues $150,000
A4289 Federal Aid - Other $150,000
21
To record the disallowance of State or Federal Aid that results in a reduction in the amount
to be received in current aid payments:
Sub
Account Debit Credit
A522 Expenditures $25,000
A1989.4 Unclassied - Disallowed
Aid
$25,000
A410 Due from State and Federal $25,000
NOTE: The disallowance is recorded as an expenditure even if it occurs in a scal year subsequent
to the year of the initial aid.
22
To record the disallowance of State or Federal Aid already received that results in the district
repaying the disallowance:
Sub
Account Debit Credit
A522 Expenditures $30,000
A1989.4 Unclassied - Disallowed
Aid
$30,000
A631 Due to Other Government $30,000
NOTE: The disallowance is recorded as an expenditure even if it occurs in a scal year subsequent
to the year of the initial aid.
42 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
23
To record receipt of basic State aid totaling $581,000, which includes $545,700 in cash, and
$35,300 deducted from State aid to be used to liquidate the liability to the State Teachers
Retirement System ($30,000 for General Fund, $5,300 for other funds).
Sub
Account Debit Credit
A200 Cash $545,700
A980 Revenues $545,700
A3101 Basic Formula Aid $520,700
A3102 Lottery Aid $20,000
A3260 Textbook Aid $5,000
A391 Due From Other Funds $5,300
School Food Service
Fund
$300
Special Aid Fund $5,000
A632 Due to the State Teachers Retirement
System
$30,000
A980 Revenues $35,300
A3101 Basic Formula Aid $35,300
24
To record the receipt of cash from the School Food Service Fund and Special Aid Fund for
their share of the retirement liability liquidated in entry 23:
Sub
Account Debit Credit
A200 Cash $5,300
A391 Due From Other Funds $5,300
School Food Service
Fund
$300
Special Aid Fund $5,000
SAMPLE JOURNAL ENTRIES 43
ACCOUNTS RECEIVABLE
25
To record amounts receivable for continuing education tuition:
Sub
Account Debit Credit
A380 Accounts Receivable $500
John Jones $250
Harry Smith $250
A389 Allowance for Receivables $10
A980 Revenues $490
A1315 Continuing Education
Tuition
$490
26
To record amounts receivable for day school tuition provided to other districts:
Sub
Account Debit Credit
A440 Due From Other Governments $1,700
Greentown School
District
$1,700
A980 Revenues $1,700
A2230 Day School Tuition -
Other Districts
$1,700
27
To record collection of continuing education tuition:
Sub
Account Debit Credit
A200 Cash $250
A380 Accounts Receivable $250
Harry Smith $250
44 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
28
To record collection of day school tuition from other districts:
Sub
Account Debit Credit
A200 Cash $1,150
A440 Due from Other Governments $1,150
Greentown School
District $1,150
29
To record an adjustment of accounts receivable reecting a change in continuing education
tuition costs, pursuant to action of the board of education:
Sub
Account Debit Credit
A389 Allowance for Receivables $50
A380 Accounts Receivable $50
John Jones $50
30
To record an adjustment of accounts receivable reecting a change in day school tuition
costs, pursuant to action of the board of education:
Sub
Account Debit Credit
A980 Revenues $50
A2230 Day School Tuition -
Other Districts
$50
A440 Due from Other Governments $50
Greentown School District $50
SAMPLE JOURNAL ENTRIES 45
EXPENDITURES
31a
To record payment of salaries and reect teachers retirement expenditures. This entry will
be made for each payroll period:
Sub
Account Debit Credit
A522 Expenditures $85,000
A2110.13 Teacher Salaries, 7-12 $75,400
A9XXX.8 Various Salary
Withholdings
$5,000
A9020.8 Teachers Retirement $4,600
A200 Cash to TA Fund for Consolidated
Payroll
$80,400
A632 Due to State Teachers Retirement
System
$4,600
31b
At the same time a collateral entry is made in the TA fund:
Debit Credit
TA200 Cash $80,400
TA10 Consolidated Payroll $80,400
32
To record transfers to the Capital Projects Fund as provided in the budget:
Sub
Account Debit Credit
A522 Expenditures $105,000
A9950.9 Transfer to Capital
Projects Fund
$105,000
A200 Cash $105,000
46 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
33
To record other amounts expended from appropriations:
Sub
Account Debit Credit
A522 Expenditures $500
A2110.4 Teaching - Regular
School Contractual
$500
A200 Cash $500
34
To record the cancellation of an erroneous check issued for a current expenditure:
Sub
Account Debit Credit
A200 Cash $50
A522 Expenditure $50
A2110.4 Teaching - Regular
School Contractual $50
35
To record a refund received for an overpayment of a current expenditure:
Sub
Account Debit Credit
A200 Cash $25
A522 Expenditure $25
A2110.4 Teaching - Regular
School Contractual
$25
36
To record a refund received for an expenditure from a prior scal year:
Sub
Account Debit Credit
A200 Cash $4,000
A980 Revenue $4,000
A2701 Refund of Prior Years
Expenses - BOCES
$4,000
SAMPLE JOURNAL ENTRIES 47
ENCUMBRANCES
NOTE: Account code 821 Reserve for Encumbrances is used for accounting during the year,
but is no longer used for reporting purposes at year end. For year end reporting, outstanding
encumbrances will be reported in the appropriate fund balance category (restricted, committed,
assigned).
37
To record the issuance of a purchase order for business ofce supplies:
Sub
Account Debit Credit
A521 Encumbrances $1,500
A1310.45 Business Administration
Materials and Supplies
$1,500
A821 Reserve for Encumbrances $1,500
38a
To liquidate the encumbrance when the purchase order for business ofce supplies is lled
or the encumbrance is no longer needed:
Sub
Account Debit Credit
A821 Reserve for Encumbrances $1,500
A521 Encumbrances $1,500
A1310.45 Business Administration
Materials and Supplies
$1,500
38b
At the same time a collateral entry is made to record the expenditure when the purchase
order for business ofce supplies is lled:
Sub
Account Debit Credit
A522 Expenditures $1,400
A1310.45 Business Administration
Materials and Supplies
$1,400
A600 Accounts Payable $1,400
NOTE: The amount of the expenditure may not be the same amount as originally encumbered from
the purchase order. Always liquidate the entire encumbrance (as in Journal Entry 38a) and record
the actual expenditure.
48 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
39
To record the closing of open encumbrances at the end of the scal year:
Sub
Account Debit Credit
A915 Assigned Unappropriated Fund Balance $11,000
A521 Encumbrances $11,000
A - - - - Various $11,000
NOTE: Encumbrances may be closed to restricted or committed fund balance codes if the funds
that are encumbered came from a restricted or committed source.
40a
To reopen encumbrances on the rst day of the scal year that were closed to fund balance
at the end of the previous scal year:
Sub
Account Debit Credit
A521 Encumbrances $11,000
A - - - - Various $11,000
A915 Assigned Unappropriated Fund
Balance
$11,000
NOTE: Encumbrances may be reopened to restricted or committed fund balance codes if the funds
that were encumbered came from a restricted or committed source.
40b
At the same time a collateral entry is made to reopen appropriations for spending authority
on the rst day of the scal year:
Sub
Account Debit Credit
A599 Appropriated Fund Balance $11,000
A960 Appropriations $11,000
A - - - - Various $11,000
SAMPLE JOURNAL ENTRIES 49
PETTY CASH ACCOUNTS
41
To record the establishment or increase of a Petty Cash Fund by the board of education:
Sub
Account Debit Credit
A210 Petty Cash $100
Slingerlands Principal $50
Elsmere Principal $50
A200 Cash $100
42
To record the reimbursement of a Petty Cash Fund for audited expenditures:
Sub
Account Debit Credit
A522 Expenditures $60
A1310.4 Business Administration $40
A2110.4 Teaching - Regular
School Contractual
$20
A200 Cash $60
43
To record the return of petty cash when a Petty Cash Fund is abolished or reduced by the
board of education, or is returned:
Sub
Account Debit Credit
A200 Cash $100
A210 Petty Cash $100
Elsmere Principal $50
Slingerlands Principal $50
50 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
DUE FROM OTHER FUNDS
44
To record General Fund advances to other funds as authorized by the board of education:
Sub
Account Debit Credit
A391 Due from Other Funds $10,000
Capital Fund $10,000
A200 Cash $10,000
45
To record the repayment of advances to other funds:
Sub
Account Debit Credit
A200 Cash $10,000
A391 Due from Other Funds $10,000
Capital Fund $10,000
INVESTMENTS
46
To record the purchase of certicates of deposit:
Debit Credit
A201 Cash in Time Deposits $50,000
A200 Cash $50,000
47
To record the purchase of $49,000 in U.S. Treasury Bills including $500 in accrued interest
and commissions:
Sub
Account Debit Credit
A450 Investment in Securities $49,500
U.S. Treasury Bills $49,500
A200 Cash $49,500
SAMPLE JOURNAL ENTRIES 51
48
To record the sale of investments:
Sub
Account Debit Credit
A200 Cash $49,750
A450 Investment in Securities $49,500
U.S. Treasury Bills $49,500
A980 Revenues $250
A2401 Interest and Earnings $250
RESERVES
NOTE: See entries #2b and #2c for budgeting entries to fund a reserve and to appropriate
a reserve in the budget. In addition, reserve revenue and expenditure entries are closed
to the applicable reserve fund balance at year-end. Some school districts may choose
to designate reserve accounts with the AR designation. See entries #81 and #82 for
closing entries.
49a
To increase funds in the Reserve for Employee Benet Accrued Liability using fund balance
during the year or at scal year end:
Debit Credit
A912 Unrestricted Fund Balance $50,000
A867 Reserve for Employee Benet
Accrued Liability
$50,000
NOTE: A912 Unrestricted Fund Balance is used for budgeting and accounting only, not for reporting
purposes. It will be allocated to A913 Committed, A915 Assigned or A917 Unassigned Fund
Balances for reporting purposes, as appropriate. Districts may use A913, A915 or A917 directly for
budgeting and accounting purposes instead of A912.
49b
At the same time a collateral entry is made to reclassify cash assets as Reserved for
Employee Benet Accrued Liability:
Debit Credit
A230 Cash, Special Reserves $50,000
A200 Cash $50,000
52 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
50
To record the purchase of investments, including accrued interest, with reserve money:
Sub
Account Debit Credit
A452 Investment in Securities, Special Reserves $25,050
U.S. Treasury Bonds $25,050
A230 Cash, Special Reserves $25,050
NOTE: If funds were invested in certicates of deposit the above debit would be to A231 Cash in
Time Deposits, Special Reserves.
51
To record interest earned on reserve investments:
Sub
Account Debit Credit
A230 Cash, Special Reserves $750
A980 Revenues $750
A2401 Interest and Earnings $750
52
To record the sale of reserve investments:
Sub
Account Debit Credit
A230 Cash, Special Reserves $5,050
A452 Investment in Securities, Special
Reserves
$5,000
U.S. Treasury Bonds $5,000
A980 Revenues $50
A2401 Interest and Earnings $50
SAMPLE JOURNAL ENTRIES 53
53
To record appropriation of Reserve for Employee Benet Accrued Liability for payment of
compensated absences:
Sub
Account Debit Credit
A511 Appropriated Reserves $10,500
A960 Appropriations $10,500
A9089.8 Other Employee
Benets
$10,500
NOTE: The appropriation could be charged to A9089.8 or charged directly to the appropriate
functional areas using the .1 or .8 object of expenditure.
54
To record authorized payments for compensated absences:
Sub
Account Debit Credit
A522 Expenditures $10,500
A9089.8 Other Employee Benets $10,500
A230 Cash, Special Reserves $10,500
NOTE: The appropriation could be charged to A9089.8 or charged directly to the appropriate
functional areas using the .1 or .8 object of expenditure.
TAX ANTICIPATION NOTES
55
To record the issuance of notes for which taxes are pledged (Local Finance Law 24.00):
Debit Credit
A200 Cash $100,000
A620 Tax Anticipation Notes Payable $100,000
54 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
56
To record the collection of pledged taxes required to be deposited in a separate bank account
and held for payment of tax anticipation notes:
Debit Credit
A221 Cash for Tax Anticipation Notes $10,000
A250 Taxes Receivable, Current $10,000
57
To record the redemption of tax anticipation notes from pledged cash:
Sub
Account Debit Credit
A620 Tax Anticipation Notes Payable $100,000
A522 Expenditures $1,250
A9760.7 Tax Anticipation Notes -
Interest
$1,250
A200 Cash $1,250
A221 Cash for Tax Anticipation Notes $100,000
58
To record the renewal of a tax anticipation note:
Debit Credit
A620 Tax Anticipation Notes Payable $100,000
A620 Tax Anticipation Notes Payable $100,000
REVENUE ANTICIPATION NOTES
59
To record the issuance of notes for which State aid is pledged (Local Finance Law 25.00):
Debit Credit
A200 Cash $200,000
A621 Revenue Anticipation Notes
Payable
$200,000
SAMPLE JOURNAL ENTRIES 55
60
To record the collection of pledged revenues required to be deposited in a separate bank
account and held for payment of revenue anticipation notes:
Sub
Account Debit Credit
A222 Cash for Revenue Anticipation Notes $200,000
A980 Revenues $200,000
A3101 Basic Formula $200,000
61
To record the redemption of revenue anticipation notes from pledged cash:
Sub
Account Debit Credit
A621 Revenue Anticipation Notes Payable $200,000
A522 Expenditures $2,500
A9770.7 Revenue Anticipation
Notes - Interest
$2,500
A200 Cash $2,500
A222 Cash for Revenue Anticipation
Notes
$200,000
62
To record the renewal of a revenue anticipation note:
Debit Credit
A621 Revenue Anticipation Notes Payable $200,000
A621 Revenue Anticipation Notes
Payable
$200,000
56 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
BUDGET NOTES
63
To record the authorization of the board of education for the issuance of budget notes (Local
Finance Law 29.00):
Sub
Account Debit Credit
A530 Obligation Authorized $50,000
A960 Appropriations $50,000
A2110.12 Teachers Salaries K-3 $50,000
64
To record the issuance of a budget note:
Debit Credit
A220 Cash from Obligations $50,000
A622 Budget Note Payable $50,000
65
To record the expenditure of proceeds of budget notes:
Sub
Account Debit Credit
A522 Expenditures $7,000
A2110.12 Teachers Salaries K-3 $7,000
A220 Cash from Obligations $7,000
SAMPLE JOURNAL ENTRIES 57
66
To record the redemption of a prior year note from unexpended balances of amounts
borrowed and from other current resources:
Sub
Account Debit Credit
A522 Expenditures $625
A9750.7 Budget Notes - Interest $625
A622 Budget Notes Payable $50,000
A200 Cash $46,000
A220 Cash from Obligations $4,625
NOTE: The resources required to make the principal payments on budget notes will be provided
through the budgetary process by recording the required amount in account 962 Budgetary
Provisions for Other Purposes (not 960 Appropriations). See entry #2a.
DEBT SERVICE
67
To pay principal and interest on serial bonds issued for bus purchases directly from the
General Fund:
Sub
Account Debit Credit
A522 Expenditures $33,650
A9712.6 Serial Bonds Principal -
Bus Purchases
$33,000
A9712.7 Serial Bonds Interest -
Bus Purchases
$650
A200 Cash $33,650
68
To record the transfer of principal and interest on serial bonds to the Debt Service Fund if
debt is paid through the Debt Service Fund:
Sub
Account Debit Credit
A522 Expenditures $33,650
A9901.96 Interfund Transfer $33,650
A200 Cash $33,650
58 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
OVERPAYMENTS AND DEFERRED REVENUES
69
To record amount received from an individual prior to the due date of day school tuition:
Sub
Account Debit Credit
A200 Cash $100
A691 Deferred Revenue $100
Harold Jones $100
70
To transfer the deferred revenue to revenues on the due date:
Sub
Account Debit Credit
A691 Deferred Revenues $100
Harold Jones $100
A980 Revenues $100
A1310 Day School Tuition from
Individuals
$100
71
To record an overpayment of day school tuition:
Sub
Account Debit Credit
A200 Cash $50
A690 Overpayments $50
John James $50
72
To record the refund of overpayments:
Sub
Account Debit Credit
A690 Overpayments $50
John James $50
A200 Cash $50
SAMPLE JOURNAL ENTRIES 59
DUE TO OTHER FUNDS
73
(All districts except city school districts)
To record the amounts paid to other funds as provided in the tax levy (see entry #6a to show
the initial recording of the liability when taxes are levied):
Sub
Account Debit Credit
A630 Due to Other Funds $20,000
Library Fund $20,000
A200 Cash $20,000
DUE TO OTHER GOVERNMENTS
74a
(All districts except city school districts)
To record the payments of amounts raised for other governments and institutions (see entry
#6a to show the initial recording of the liability when taxes are levied):
Debit Credit
A631 Due to Other Governments $201,000
A200 Cash $201,000
74b
(City school districts only)
To record the payments of amounts raised for other governments and institutions (see entry
#6b to show the initial recording of the liability when taxes are levied):
Debit Credit
A631 Due to Other Governments $221,000
A200 Cash $221,000
60 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
INVENTORY
75
(Purchase Method)
To record the purchase of supplies:
Sub
Account Debit Credit
A522 Expenditures $900
A2110.45 Teaching - Regular
School - Materials and
Supplies
$900
A200 Cash $900
76
(Consumption Method)
To record the purchase of materials and supplies for inventory:
Debit Credit
A445 Inventory $1,800
A200 Cash $1,800
77
(Consumption Method)
To record the charge to a functional unit for materials and supplies withdrawn from inventory:
Sub
Account Debit Credit
A522 Expenditures $900
A2110.45 Teaching - Regular
School - Materials and
Supplies
$900
A445 Inventory $900
SAMPLE JOURNAL ENTRIES 61
78
(Consumption Method)
To record the reduction of the inventory account when a physical inventory reveals that
the book gure exceeds the actual stock on hand:
Sub
Account Debit Credit
A522 Expenditures $50
A1989.4 Unclassied -
Difference Physical
and Book Inventory
$50
A445 Inventory $50
NOTE: See entry #86 to allocate inventory to fund balance.
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
79
To record unpaid claims and accrued expenditures at the close of the scal year:
Sub
Account Debit Credit
A522 Expenditures $2,000
A - - - - Various Expenditures $2,000
A600 Accounts Payable $1,000
A601 Accrued Liabilities $1,000
80
To record payment of accounts payable and accrued liabilities:
Debit Credit
A600 Accounts Payable $500
A601 Accrued Liabilities $500
A200 Cash $1,000
62 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
CLOSING ENTRIES
NOTE: A912 Unrestricted Fund Balance is used for budgeting and accounting only, not
for reporting purposes. It will be allocated to A913 Committed, A915 Assigned or A917
Unassigned Fund Balances for reporting purposes, as appropriate. Districts may use
A913, A915 orA917 directly for budgeting and accounting purposes instead of A912.
81
To record the closing of the budgetary accounts at the end of the scal year. Since this
group of accounts must always be in balance during the year, the closing entries simply
reverse the existing balances:
Debit Credit
A960 Appropriations $1,518,500
A962 Budgetary Provision for Other Uses $54,000
A510 Estimated Revenues $1,535,000
A511 Appropriated Reserves $10,500
A530 Obligations Authorized $8,000
A599 Appropriated Fund Balance $19,000
82
To record the closing of operating expenditures at the end of the scal year:
Debit Credit
A912 Unrestricted Fund Balance $1,515,235
A522 Expenditures $1,515,235
SAMPLE JOURNAL ENTRIES 63
83
To record the closing of operating revenues at the end of the scal year:
Debit Credit
A980 Revenues $1,579,410
A912 Unrestricted Fund Balance $1,579,410
84
To record the closing of expenditures for the reserve for employee benets accrued liability
at the end of the scal year:
Sub
Account Debit Credit
A867 Reserve for Employee Benets and Accrued
Liabilities
$10,500
A522 Expenditures $10,500
A9089.8 Other Employee Benets $10,500
NOTE: The appropriation could be charged to A9089.8 or charged directly to the appropriate
functional areas using the .1 or .8 object of expenditure.
85
To record the closing of revenues for the reserve for employee benets accrued liability at
the end of the scal year:
Sub
Account Debit Credit
A980 Revenues $50,800
A1001 Real Property Taxes -
Reserve for EBAL
$50,000
A2401 Interest and Earnings $800
A867 Reserve for Employee Benets
and Accrued Liabilities
$50,800
NOTE: Some school districts may choose to designate reserve accounts with the AR designation.
64 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
86
To allocate inventory to the appropriate classication of fund balance (Consumption
Method):
Debit Credit
A912 Unrestricted Fund Balance $850
A806 Not in Spendable Form - Inventory $850
To record the closing of encumbrances at the end of scal year refer to entry #39.
SAMPLE JOURNAL ENTRIES 65
SCHOOL FOOD SERVICE FUND
NOTE: Many journal entries for School Food Service Fund transactions are similar to
those shown in the General Fund. For transactions not illustrated here, refer to the
General Fund Journal Entries. The entries in this section related to inventory assume
the consumption method of reporting inventory. For the purchases method, see General
Fund entry #75.
87
To record the opening entry of the School Food Service Fund as shown by the records at the
close of the preceding scal year:
Debit Credit
C200 Cash $1,950
C410 State and Federal Aid Receivable $350
C445 Inventory $2,000
C600 Accounts Payable $1,250
C806 Not in Spendable Form - Inventory $2,000
C899 Other Restricted Fund Balance $500
C912 Unrestricted Fund Balance $550
NOTE: C912 Unrestricted Fund Balance is used for budgeting and accounting only, not for
reporting purposes. It will be allocated to C913 Committed, C915 Assigned or C917 Unassigned
Fund Balances for reporting purposes, as appropriate. Districts may use C913 or C915 directly for
budgeting and accounting purposes instead of C912.
88
To reclassify opening food inventory as expenditures and Not in Spendable Form Fund
Balance - Inventory to Unrestricted Fund Balance:
Sub
Account Debit Credit
C522 Expenditures $2,000
C2860.41 Net Cost of Food Used $2,000
C445 Inventory $2,000
C806 Not in Spendable Form - Inventory $2,000
C912 Unrestricted Fund Balance $2,000
NOTE: For accounting and nancial reporting purposes, all inventory is recorded as expenditures
throughout the year. A physical inventory count is taken at scal year end to allocate fund balance
to inventory. Inventory is still maintained throughout the year for operational purposes. See entry
#96 for closing entry.
66 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
89
To record budget for School Food Service Fund:
Debit Credit
C510 Estimated Revenues $207,500
C960 Appropriations $207,500
90
To record receipts of cash revenues:
Sub
Account Debit Credit
C200 Cash $142,500
C980 Revenues $142,500
C1440 Sale of Reimbursable
Meals
$141,500
C1445 Other Cafeteria Sales $1,000
91
To record claims for State Aid:
Sub
Account Debit Credit
C410 State and Federal Aid Receivable $50,000
C980 Revenues $50,000
C3190 State Reimbursement $50,000
92
To record downward adjustment of claims for State Aid:
Sub
Account Debit Credit
C522 Expenditures $1,000
C2860.4 Other (Disallowance of
Aid)
$1,000
C410 State and Federal Aid Receivable $1,000
SAMPLE JOURNAL ENTRIES 67
93
To record receipt of State Aid and charges deducted from State Aid for handling costs of
surplus food:
Sub
Account Debit Credit
C200 Cash $48,800
C522 Expenditures $200
C2860.41 Net Cost of Food Used $200
C410 State and Federal Aid Receivable $49,000
94
To record receipt of contributions from the General Fund:
Sub
Account Debit Credit
C200 Cash $5,000
C980 Revenues $5,000
C5031 Interfund Transfer $5,000
NOTE: If taxes are deposited directly to the School Food Service Fund, the subsidiary revenue
account would be C1001 Real Property Taxes.
95
To record the receipt of surplus food from Federal government and the cost of handling,
freight, etc.:
Sub
Account Debit Credit
C522 Expenditures $10,300
C2860.41 Net Cost of Food Used $10,300
C200 Cash $300
C980 Revenues $10,300
C4190 Federal Reimbursement
- Surplus Foods
$10,000
68 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
96
To record the food inventory and the reallocation of fund balance as determined by actual
physical inventory count at the close of the scal year for those using the Consumption
Method:
Sub
Account Debit Credit
C445 Inventory $3,200
C522 Expenditures $3,200
C2860.41 Net Cost of Food Used $3,200
C912 Unrestricted Fund Balance $3,200
C806 Not in Spendable Form - Inventory $3,200
NOTE: Other closing entries would be similar to the entries in the General Fund, see entries #81-
86.
SAMPLE JOURNAL ENTRIES 69
SPECIAL AID FUND
The entries below illustrate the transactions for a NCLB (No Child Left Behind) Title
I Basic Grant nanced by Federal funds and assumes that the project extends over
multiple scal years. The accounting treatment for projects nanced by State funds or
partly by Federal funds or State funds and partly by local money will be the same. When
applicable, the local share will be accounted for as a General Fund interfund transfer
and recorded under revenue code F5031 Interfund Transfers. All revenues should be
identied with a particular project. As is the case with capital projects, each individual
grant should be accounted for separately.
NOTE: Many journal entries for Special Aid Fund transactions are similar to those shown
in the General Fund. For transactions not illustrated here, refer to the General Fund
Journal Entries.
97
To record Project Budget:
Sub
Account Debit Credit
F510 Estimated Revenues $500,000
F4126 Federal Aid - NCLB
Title I Basic Grant
$500,000
F960 Appropriations $500,000
Curriculum
Development and
Supervision
F2010.15 Instructional Salaries $375,000
F2010.16 Noninstructional
Salaries
$25,000
F2010.4 Contractual $100,000
98
To record a cash advance from the General Fund pending ACH advance payments of Federal
Aid:
Debit Credit
F200 Cash $100,000
F630 Due to Other Funds $100,000
70 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
99
To record expenditures:
Sub
Account Debit Credit
F522 Expenditures $80,000
Curriculum Development
and Supervision
F2010.15 Instructional Salaries $60,000
F2010.16 Noninstructional Salaries $4,000
F2010.4 Contractual $16,000
F600 Accounts Payable $80,000
NOTE: The same entry will be made to record expenditures throughout the project.
100
To liquidate accounts payable:
Debit Credit
F600 Accounts Payable $80,000
F200 Cash $80,000
101
To record the placement of encumbrances:
Sub
Account Debit Credit
F521 Encumbrances $1,000
F2010.4 Curriculum
Development
and Supervision
- Contractual
$1,000
F821 Reserve for Encumbrances $1,000
NOTE: Encumbrance entries would be the same as in the General Fund, see entries #37-40.
SAMPLE JOURNAL ENTRIES 71
102
To record Federal funds ACH advanced payment wired to the General Fund:
Sub
Account Debit Credit
F391 Due from Other Funds $200,000
F980 Revenue $200,000
F4126 NCLB Title I Basic Grant $200,000
103
To record payment of Federal funds from the General Fund:
Debit Credit
F200 Cash $200,000
F391 Due from Other Funds $200,000
104
To return advance to General Fund:
Debit Credit
F630 Due to Other Funds $100,000
F200 Cash $100,000
105
To record request for funds (FS-25):
Sub
Account Debit Credit
F410 Due from State and Federal $100,000
F980 Revenue (or F691 Deferred
Revenue)
$100,000
F4126 NCLB Title I Basic Grant $100,000
NOTE: F691 Deferred Revenue is used if the district does not anticipate receiving payment within
the districts revenue recognition period.
72 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
106
To record receipt of Federal funds recognized above, including a disallowance of $5,000:
Sub
Account Debit Credit
F200 Cash $95,000
F522 Expenditures $5,000
F1988.4 Unclassied
Expenditures -
Disallowance of Aid
$5,000
F410 Due from State and Federal $100,000
107
Closing entries would be similar to the entries in the General Fund, see entries #81-86. The
following entry would occur in the next scal year to record the unused appropriations
authorized in the previous scal year:
Debit Credit
F510 Estimated Revenues
(Original 2,000,000 -
Received 1,900,000)
$100,000
F960 Appropriations
(Original 2,000,000 -
Spent 1,900,000)
$100,000
SAMPLE JOURNAL ENTRIES 73
CAPITAL PROJECTS FUND
NOTE: Many journal entries for Capital Projects Fund transactions are similar to those
shown in the General Fund. For transactions not illustrated here, refer to the General
Fund Journal Entries.
108
(All districts except city school districts)
To record the project authorization and nancing for a senior high school addition:
Sub
Account Debit Credit
H510 Estimated Revenues $1,800,000
H5710 Serial Bonds $1,600,000
H5031 Interfund Transfers
(General Fund)
$200,000
H511 Appropriated Reserves (Capital) $400,000
H960 Appropriations $2,200,000
H1620.293 General Construction $2,200,000
109
(All districts except city school districts)
To record the encumbering of appropriations following the awarding of contracts:
Sub
Account Debit Credit
H521 Encumbrances $2,200,000
H1620.293 General Construction $2,200,000
H821 Reserve for Encumbrances $2,200,000
110
To record the placement of the $400,000 capital reserve moneys in the Capital Projects
Fund:
Debit Credit
H230 Cash, Special Reserves $400,000
H878 Capital Reserve $400,000
74 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
111
To record the General Fund contribution of $200,000 and cash advance of $400,000 prior to
issuance of obligations:
Sub
Account Debit Credit
H200 Cash $600,000
H630 Due to Other Funds (General
Fund)
$400,000
H980 Revenues $200,000
H5031 Interfund Transfers $200,000
112
To record payments to contractors and retained percentages withheld. Restricted funds
were used rst:
Sub
Account Debit Credit
H522 Expenditures $650,000
H1620.293 General Construction $650,000
H200 Cash $225,000
H230 Cash, Special Reserves $360,000
H605 Retained Percentages, Contracts
Payable
$65,000
113
To record issuance of bond anticipation notes:
Debit Credit
H200 Cash $1,600,000
H626 Bond Anticipation Notes Payable $1,600,000
NOTE: Subsidiary records indentifying the purpose of the bond issue must be maintained.
SAMPLE JOURNAL ENTRIES 75
114
To record repayment of the General Fund loan:
Debit Credit
H630 Due to Other Funds $400,000
H200 Cash $400,000
115
To record investment of a portion of BAN proceeds in a certicate of deposit:
Debit Credit
H201 Cash in Time Deposits $800,000
H200 Cash $800,000
116a
To record redemption of the certicate of deposit and interest earnings:
Debit Credit
H200 Cash $810,000
H201 Cash in Time Deposits $800,000
H630 Due to Other Funds (Debt Service
Fund)
$10,000
116b
(All districts except city school districts)
At the same time a collateral entry will be made in the Debt Service Fund:
Sub
Account Debit Credit
V391 Due from Other Funds $10,000
V980 Revenues $10,000
V2401 Interest and Earnings $10,000
NOTE: This interest is restricted to payment of debt service on the BANs. It will be closed at year
end to account V884 Reserve for Debt.
76 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
117a
To record issuance of serial bonds for the senior high school addition. Proceeds include a
premium of $3,000 and accrued interest of $47,000:
Sub
Account Debit Credit
H200 Cash $1,650,000
H630 Due to Other Funds (Debt Service
Fund)
$50,000
H980 Revenues $1,600,000
H5710 Serial Bonds $1,600,000
NOTE: In this example the premium is to be used for debt service, therefore, both the premium
and the accrued interest are transferred to the Debt Service Fund.
117b
(All districts except city school districts)
At the same time a collateral entry will be made in the Debt Service Fund to record the
premium and accrued interest on bonds issued for the senior high addition:
Sub
Account Debit Credit
V391 Due from Other Funds $50,000
V651 Accrued Interest Payable $47,000
V980 Revenues $3,000
V2710 Premium on
Obligations
$3,000
118
(All districts except city school districts)
To close the revenue accounts of the senior high school addition at the end of the scal
year:
Debit Credit
H980 Revenues $1,800,000
H912 Unrestricted Fund Balance $1,800,000
NOTE: A912 Unrestricted Fund Balance is used for budgeting and accounting only, not for reporting
purposes. It will be allocated to A913 Committed, A915 Assigned or A917 Unassigned Fund
Balances for reporting purposes, as appropriate. Districts may use A913, A915 or A917 directly for
budgeting and accounting purposes instead of A912.
SAMPLE JOURNAL ENTRIES 77
119
(All districts except city school districts)
To close the expenditure accounts of the senior high school addition at the end of the
scal year:
Debit Credit
H912 Unrestricted Fund Balance $250,000
H878 Capital Reserve $400,000
H522 Expenditures - Reserve Funds $400,000
H522 Expenditures - Unrestricted Funds $250,000
NOTE: A912 Unrestricted Fund Balance is used for budgeting and accounting only, not for reporting
purposes. It will be allocated to A913 Committed, A915 Assigned or A917 Unassigned Fund
Balances for reporting purposes, as appropriate. Districts may use A913, A915 or A917 directly for
budgeting and accounting purposes instead of A912.
120
(All districts except city school districts)
To transfer unneeded balance of the junior high school addition to the Debt Service Fund:
Sub
Account Debit Credit
H522 Expenditures $100,000
H9901.96 Transfers to Debt
Service Fund
$100,000
H200 Cash $100,000
NOTE: If the unexpended balance is required to be used for debt service, it will be transferred to the
Debt Service Fund (V884); if not it will be transferred to the General Fund (A884).
121
(All districts except city school districts)
To record principal payment made by the General Fund on a BAN issued to purchase a
bus:
Sub
Account Debit Credit
H626 Bond Anticipation Notes Payable $100,000
H980 Revenues $100,000
H5731 Bond Anticipation
Notes Redeemed from
Appropriations
$100,000
78 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
PUBLIC LIBRARY FUND
NOTE: Journal entries for Library Fund transactions are similar to those shown in the
General Fund. For transactions not illustrated here, refer to the General Fund Journal
Entries.
OPENING ENTRY
122
(All districts except city school districts)
To record the opening entry of the Public Library Fund as shown by records at the close of
the preceding scal year:
Sub
Account Debit Credit
L200 Cash $3,600
L210 Petty Cash $100
L450 Investment in Securities $1,000
L899 Other Restricted Fund Balance $500
L912 Unrestricted Fund Balance $4,200
NOTE: A912 Unrestricted Fund Balance is used for budgeting and accounting only, not for reporting
purposes. It will be allocated to A915 Assigned or A917 Unassigned Fund Balances for reporting
purposes, as appropriate. Districts may use A915 or A917 directly for budgeting and accounting
purposes instead of A912.
BUDGET ENTRY AND SUBSEQUENT MODIFICATIONS
123
(All districts except city school districts)
To record the annual budget for the Public Library Fund as adopted by the board of library
trustees:
Sub
Account Debit Credit
L510 Estimated Revenues $29,500
L1001 Real Property Taxes $20,000
L - - - - Various Revenues $9,500
L599 Appropriated Fund Balance $500
L960 Appropriations $30,000
L - - - - Various Appropriations $30,000
SAMPLE JOURNAL ENTRIES 79
124
(All districts except city school districts)
To record transfers between appropriations upon determination by the library trustees that
balances in some accounts are needed to supplement appropriations in other accounts:
(Optional objects of expenditure are illustrated.)
Sub
Account Debit Credit
L960 Appropriations $300
L7410.429 Other Miscellaneous
Library Materials
$200
L7410.416 Bookbinding $100
L960 Appropriations $300
L7410.2 Equipment and Other
Capital Outlay
$300
125
(All districts except city school districts)
To record the appropriation of unanticipated revenues and fund balance to increase
existing or meet additional appropriations:
Sub
Account Debit Credit
L510 Estimated Revenues $500
L - - - - Various Revenues $500
L599 Appropriated Fund Balance $500
L960 Appropriations $1,000
L - - - - Various Appropriations $1,000
REVENUES
126
(All districts except city school districts)
To record the amout due from the General Fund for taxes levied for public library
purposes:
Sub
Account Debit Credit
L391 Due from Other Funds $20,000
General Fund $20,000
L980 Revenues $20,000
L1001 Real Property Taxes $20,000
80 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
127
To record the receipt of cash from the General Fund:
Sub
Account Debit Credit
L200 Cash $20,000
L391 Due from Other Funds $20,000
General Fund $20,000
128
To record receipt of revenues during the scal year:
Sub
Account Debit Credit
L200 Cash $9,800
L980 Revenues $9,800
L2082 Library Charges $1,325
L - - - - Various Revenues $8,475
EXPENDITURES
129
To record payment of salaries:
Sub
Account Debit Credit
L522 Expenditures $11,360
L7410.141 Professional $7,000
L7410.142 Non-Professional $4,360
L200 Cash $11,360
130
To record amounts expended from appropriations:
Sub
Account Debit Credit
L522 Expenditures $19,800
L7410.2 Equipment $7,800
L7410.410 Books $1,750
L9030.8 Social Security $280
L9950.9 Transfer to Capital Funds $1,000
L - - - - Various Expenditures $8,970
L200 Cash $19,800
SAMPLE JOURNAL ENTRIES 81
131
To record the voiding of a check issued for a current expenditure:
Sub
Account Debit Credit
L200 Cash $50
L522 Expenditures $50
L7410.429 Other Miscellaneous
Library Materials
$50
132
To record a refund received due to an overpayment of a current expenditure:
Sub
Account
Debit Credit
L200 Cash $25
L522 Expenditures $25
L7410.454 Insurance $25
ENCUMBRANCES
133a
(All districts except city school districts)
To record on the rst day of the scal year, the encumbrances closed to fund balance on
the nal day of the previous scal year:
Sub
Account Debit Credit
L521 Encumbrances $500
L7410.410 Books $400
L7410.429 Other
Miscellaneous
Library
Materials
$100
L915 Assigned Unappropriated
Fund Balance
$500
NOTE: Encumbrances may be reopened to restricted fund balance codes if the funds that were
encumbered came from a restricted source.
82 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
133b
(All districts except city school districts)
At the same time a collateral entry is made to open the appropriations to authorize
spending:
Sub
Account Debit Credit
L599 Appropriated Fund Balance $500
L960 Appropriations $500
L7410.410 Books $400
L7410.429 Other Miscellaneous
Library Materials
$100
SAMPLE JOURNAL ENTRIES 83
DEBT SERVICE FUND
NOTE: Many journal entries for Debt Service Fund transactions are similar to
those shown in the General Fund. For transactions not illustrated here, refer to
the General Fund Journal Entries.
134
To record the annual budget on the rst day of the scal year:
Sub
Account Debit Credit
V510 Estimated Revenues $117,200
V1001 Real Property Taxes $67,200
V5031 Interfund Transfers $50,000
V960 Appropriations $117,200
V1380.4 Fiscal Agent Fees $950
V9732.6 Serial Bonds - Bus
Purchases - Principal
$30,000
V9732.7 Serial Bonds - Bus
Purchases - Interest
$6,000
V9742.6 Capital Notes - Bus
Purchases - Principal
$75,000
V9742.7 Capital Notes - Bus
Purchases - Interest
$5,250
135
To record revenue for the taxes due from the General Fund:
Sub
Account Debit Credit
V391 Due from Other Funds $67,200
V980 Revenues $67,200
V1001 Real Property Taxes $67,200
136
To record transfers from operating funds:
Sub
Account Debit Credit
V200 Cash $117,200
V391 Due from Other Funds $67,200
V980 Revenues $50,000
V5031 Interfund Transfers $50,000
84 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
137
To record the payment of principal and interest on long-term debt:
Sub
Account Debit Credit
V522 Expenditures $116,250
V9732.6 Serial Bonds - Bus
Purchases - Principal
$30,000
V9732.7 Serial Bonds - Bus
Purchases - Interest
$6,000
V9742.6 Capital Notes - Bus
Purchases - Principal
$75,000
V9742.7 Capital Notes - Bus
Purchases - Interest
$5,250
V200 Cash $116,250
138
To record payment of fees to paying agent:
Sub
Account Debit Credit
V522 Expenditures $950
V1380.4 Fiscal Agent Fees $950
V200 Cash $950
139
To record payment of principal to state sinking fund and interest to bondholders:
Sub
Account Debit Credit
V397 Deposits in State Sinking Fund $20,000
V522 Expenditures $8,000
V9700.7 Term Bonds - Interest $8,000
V200 Cash $28,000
SAMPLE JOURNAL ENTRIES 85
140
To record transfer of liability when payment is made to state sinking fund:
Sub
Account Debit Credit
V522 Expenditures $20,000
V9700.6 Term Bonds - Principal $20,000
V623 Term Bonds Payable $20,000
141
To record the receipt of moneys which must be credited to a mandatory reserve:
Sub
Account Debit Credit
V230 Cash, Special Reserves $50,000
V980 Revenues $50,000
V3289 State Aid $50,000
NOTE: Moneys required to be set aside in a mandatory reserve fund pursuant to General
Municipal Law, 6-1 will be deposited directly into the Debt Service Fund.
142
To record the appropriation of a reserve:
Debit Credit
V511 Appropriated Reserve $52,500
V960 Appropriations $52,500
143
To record the payment of principal and/or interest with reserve fund money:
Sub
Account Debit Credit
V522 Expenditures $52,500
V9711.6 Serial Bonds - School
Construction - Principal
$50,000
V9711.7 Serial Bonds - School
Construction - Interest
$2,500
V230 Cash, Special Reserves $52,500
NOTE: A collateral entry would be made in the Non-Current Governmental Liabilities Account (W
fund) to record the amount of debt liquidated.
86 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
144
To record receivable from the Capital Projects Fund of the premium and accrued interest
on a bond at the time of issue.
Sub
Account Debit Credit
V391 Due from Other Funds $50,000
Capital Projects Fund $50,000
V651 Accrued Interest Payable $47,000
V980 Revenues $3,000
V2710 Premium on Obligations $3,000
145
To record receipt of interest earned from investment of proceeds of long-term obligations
in the Capital Projects Fund.
Sub
Account Debit Credit
V230 Cash, Special Reserves $10,000
V980 Revenues $10,000
V2401 Interest and Earnings $10,000
146
To record issuance and payment of advance refunding bonds:
Sub
Account Debit Credit
V522 Expenditures $1,000,000
V9991.4 Payment to Escrow
Agent
$1,000,000
V980 Revenues $1,000,000
V5791 Proceeds of Advance
Refunding Bonds
$1,000,000
SAMPLE JOURNAL ENTRIES 87
Part II - Appendix
Appendix - School District Account Codes
General Fund ..................................................................................89
Special Aid Fund ..........................................................................100
School Food Service Fund ...........................................................103
Public Library Fund .....................................................................105
Debt Service Fund ........................................................................107
Capital Projects Fund ...................................................................110
Agency Fund ................................................................................112
Permanent Fund ...........................................................................113
Miscellaneous Special Revenue Fund .........................................114
Private Purpose Trust Fund ..........................................................115
Statement of Non-Current Governmental Assets .........................116
Statement of Non-Current Governmental Liabilities ...................116
88 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
General Fund: Assets
Cash A200
Cash in Time Deposits A201
Petty Cash A210
Cash From Obligations A220
Cash for Tax Anticipation Notes A221
Cash for Revenue Anticipation Notes A222
Cash With Fiscal Agent A223
Cash, Special Reserves A230
Cash in Time Deposits, Special Reserves A231
Taxes Receivable, Current A250
Taxes Receivable, Overdue A260
Allowance for Uncollectible Taxes A342
Accounts Receivable A380
Allowance for Receivables A389
Due From Other Funds A391
Due From State and Federal A410
Due From Other Governments A440
Inventory of Materials & Supplies (Optional) A445
Investment in Securities A450
Investment in Repurchase Agreements A451
Investment in Securities, Special Reserves A452
Investment in Repurchase Agreements, Special Reserves A453
Mortgages Receivable A455
Prepaid Expenditures A480
ACCOUNT CODES 89
School District Account Codes
General Fund: Liabilities and Deferred Revenues
Accounts Payable A600
Accrued Liabilities A601
Tax Anticipation Notes Payable A620
Revenue Anticipation Notes Payable A621
Budget Notes Payable A622
Bond Anticipation Notes Payable A626
Bond Interest and Matured Bonds Payable A629
Due To Other Funds A630
Due To Other Governments A631
Due To State Teachers Retirement System A632
Due To Employees Retirement System A637
Accrued Interest Payable A651
Compensated Absences A687
Overpayments A690
Deferred Revenues A691
Deferred Revenues - Planned Balance A692
Deferred Revenues, Special Taxes, Suffolk Co. A693
Deferred Tax Revenues (City) A694
90 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
General Fund: Fund Balance
Not in Spendable Form A806
Must Remain Intact A807
Workers Compensation Reserve A814
Unemployment Insurance Reserve A815
Reserve for Retirement Contributions A827
Reserve for Property Loss A861
Reserve for Liability Claims A862
Insurance Reserve A863
Reserve for Tax Certiorari A864
Reserve for Employee Benets and Accrued Liabilities A867
Reserve for Taxes Raised Outside Tax Limit (Cities Over 125,000) A874
Capital Reserve A878
Reserve for Repairs A882
Mandatory Reserve A884
Reserve for Insurance Recoveries A887
Other Restricted Fund Balance A899
Committed Fund Balance A913
Assigned Appropriated Fund Balance A914
Assigned Unappropriated Fund Balance A915
Reserve for Tax Reduction A916
Unassigned Fund Balance A917
ACCOUNT CODES 91
School District Account Codes
General Fund: Revenues
Local Sources
Real Property Taxes (Excludes STAR Revenue) A1001
Appropriation of Planned Balance A1040
Appropriation of Special Taxes (Suffolk Co) A1041
Federal Payments in Lieu of Taxes A1080
Other Payments in Lieu of Taxes A1081
Wind Power Payments in Lieu of Taxes A1083
School Tax Relief Reimbursement A1085
Interest and Penalties On Real Property Taxes A1090
School Tax Reimbursement New York City A1099
Tax On Consumer Utility Bills A1111
Nonproperty Tax Distribution By Counties A1120
Gross Receipts Tax A1130
Day School Tuition - Resident Nonveteran Postgrad Tuition (from
Individuals)
A1310
Other Day School Tuition (from Individuals) A1311
Continuing Education Tuition (from Individuals) A1315
Summer School Tuition (from Individuals) A1320
Textbook Charges (from Individuals) A1330
Other Student Fee/Charges (from Individuals) A1335
Admissions (from Individuals) A1410
School Store Sales A1450
Other Charges - Services (from individuals) A1489
Data Processing for Other Districts and Governments A2228
Day School Tuition - Other Districts in NYS A2230
Summer School Tuition - Other Districts in NYS A2232
Services Provided for BOCES Other Than Transportation A2235
Health Services for Other Districts A2280
Narcotic Control Service for Other Governments A2290
Narcotic Control Service for BOCES A2291
Transportation for Other Districts On Contract Buses A2304
Transportation for Other Districts On District Owned or Operated
Buses
A2304
Transportation for BOCES A2308
Youth Services, Other Governments A2350
92 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
Tuition from NYS for Native American Students who Reside on Res-
ervations
A2389
Contractual Payments from NYS for Native American Student Trans-
portation
A2389
Transportation Revenues for Non-resident Pre-K or DFY (Section
1709(25)(h) of Education Law)
A2389
Tuition - Districts in Other States A2395
Other Misc Revenues Districts in Other States A2395
Interest and Earnings A2401
Rental of Real Property, Individuals A2410
Rental of Real Property, Other Governments A2412
Rental of Real Property, BOCES A2413
Rental of Equipment (Not Buses), Individuals A2414
Rental of Equipment (Not Buses), Other Governments A2416
Natural Gas Leases and Royalties A2420
Rental of Buses A2440
Rental (Not Buses), Other (Specify) A2440
Commissions A2450
Wind Power Host Community Fees A2460
Forfeiture of Deposits A2620
Sale of Scrap and Excess Materials A2650
Minor Sales, Other (Specify) A2655
Sale of Real Property A2660
Sale of Equipment A2665
Sale of Transportation Equipment A2666
Sale of Instructional Supplies A2670
Insurance Recoveries -Transportation Related A2680
Insurance Recoveries - Other A2680
Self Insurance Recoveries A2683
Other Compensation for Loss A2690
Reimbursement of Medicare Part D Expenditures A2700
Refund of Prior Years Expenses - BOCES Services Approved for Aid A2701
Refund of Prior Years Expenses - Contracted Transportation
(Including BOCES)
A2702
Refund of Prior Years Expenses - District Owned Transportation A2702
Refund of Prior Years Expenses - Other-Not Transportation A2703
General Fund: Revenues (continued)
ACCOUNT CODES 93
School District Account Codes
Refund of Prior Years Expenses - Tuition for Spec Act District Ap-
proved Private School Disabled
A2704
Gifts and Donations A2705
Reimbursement of MTA Payroll Tax A2730
Other Unclassied Revenues A2770
Refund of Transportation Contract Expense for Advertising on School
Buses
A2770
Interfund Revenues A2801
State Sources
Loss of Public Utility Valuation A3017
Real Property Tax Administration A3040
Records Management A3060
Rail Infrastructure Investment Act A3070
Basic Formula Aid - General Aids (Excludes Excess Cost) (Section
3609a Education Law)
A3101
Basic Formula Aid - Excess Cost Aids Only (Excludes Charter
Schools) (Section 3609b Education Law)
A3101
Basic Formula Aid - Excess Cost Aids for Charter Schools (Section
3609b Education Law)
A3101
VLT Lottery Grant (Section 3609f Education Law) A3102
BOCES Aid (Section 3609d Education Law) A3103
Tuition for Students with Disabilities (Chapters 47, 66 and 721) A3104
Transportation for Students with Disabilities in an ICF (Chapter 721) A3104
Sound Basic Education Aid A3106
Textbook Aid (Including Textbook/Lottery Aid) A3260
Special Aid for Small City School Districts A3261
Computer Software/Hardware Aid A3262
Library A/V Loan Program Aid A3263
Small Government Assistance A3265
Other State Aid (Specify) A3289
Youth Programs A3820
Emergency Disaster Assistance (NYS Emergency Management
Ofce)
A3960
Federal Sources
Federally Affected Areas Operating Aid A4107
Federally Affected Areas - Students with Disabilities A4108
ARRA Federal Fiscal Stabilization Grant A4285
Other Federal Aid (Specify) A4289
General Fund: Revenues (continued)
94 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
Medicaid Assistance-School Age-School Year Programs A4601
Emergency Disaster Assistance (FEMA) A4960
Interfund Transfers and Proceeds of Obligations
Interfund Transfers (Other Than Debt Service) A5031
Interfund Transfer for Debt Service A5050
Term Bonds A5700
Serial Bonds A5710
Statutory Bonds A5720
Bond Anticipation Notes A5730
Capital Notes A5740
Other Debt (Specify) A5789
General Fund: Expenditures
General Support
Board of Education A1010.XX
District Clerk A1040.XX
District Meeting A1060.XX
Chief School Administrator A1240.XX
Business Administration A1310.XX
Auditing A1320.XX
Treasurer A1325.XX
Tax Collector A1330.XX
Purchasing A1345.XX
Fiscal Agent Fee A1380.4C
Legal A1420.XX
Personnel A1430.XX
Records Management Ofcer A1460.XX
Public Information and Services A1480.XX
Operation of Plant A1620.XX
Maintenance of Plant A1621.XX
Central Storeroom A1660.XX
Central Printing and Mailing A1670.XX
Central Data Processing A1680.XX
Special Items A1710.XX
Excess Insurance A1722.4X
Unallocated Insurance A1910.4C
School Association Dues A1920.4C
General Fund: Revenues (continued)
ACCOUNT CODES 95
School District Account Codes
Judgment and Claims A1930.4C
Property Loss A1931.4C
Purchase of Land/Right of Way A1940.4C
Assessments on School Property A1950.4C
Refund on Real Property Taxes A1964.4C
Payments of MTA Payroll Tax A1980.4
BOCES Administrative Costs A1981.49
BOCES Capital Expenses A1983.49
Unclassied A1989.4C
Instruction
Curriculum Development and Supervision A2010.XX
Supervision - Regular School A2020.XX
Supervision - Special School A2040.XX
Research, Planning, and Evaluation A2060.XX
Inservice Training - Instruction A2070.XX
Teaching - Regular School A2110.XX
Program for Students with Disabilities School Age - School Year A2250.XX
Occupational Education (Grades 9-12) A2280.XX
Teaching - Special Schools A2330.XX
School Library and Audiovisual A2610.XX
Educational Television A2620.XX
Computer Assisted Instruction A2630.XX
Attendance Regular School A2805.XX
Guidance Regular School A2810.XX
Health Services Regular School A2815.XX
Psychological Services Regular School A2820.XX
Social Work Services Regular School A2825.XX
Pupil Personnel Services Special Schools A2830.XX
Co-Curricular Activities Regular School A2850.XX
Interscholastic Athletics Regular School A2855.XX
School Store A2870.XX
Transportation
District Transportation Services A5510.XX
Garage Building A5530.XX
Contract Transportation A5540.4C
General Fund: Expenditures (continued)
96 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
Public Transportation A5550.4C
Transportation from BOCES A5581.49
Community Service
Recreation A7140.XX
Youth Program A7310.XX
Civic Activities A8060.XX
Census A8070.XX
Employee Benets
State Retirement A9010.8C
Teachers Retirement A9020.8C
Social Security A9030.8C
Workers Compensation A9040.8C
Life Insurance A9045.8C
Unemployment Insurance A9050.8C
Disability Insurance A9055.8C
Hospital, Medical and Dental Insurance A9060.8C
Union Welfare Benets A9070.8C
Other, (Specify) A9089.8C
Debt Service
Term Bonds Principal - Public Library AL9700.6
Term Bonds Principal- School Construction A9701.6C
Term Bonds Principal - Bus Purchases A9702.6C
Term Bonds Principal- BOCES Construction A9703.6C
Term Bonds Principal - Other (Specify) A9700.6C
Serial Bonds Principal- Public Library AL9710.6
Serial Bonds Principal- School Construction A9711.6C
Serial Bonds Principal- Bus Purchases A9712.6C
Serial Bonds Principal- BOCES Construction A9713.6C
Serial Bonds Principal- Real Property Tax Refund A9714.6C
Serial Bonds Principal- Other (Specify) A9710.6C
Statutory Bonds Principal - Public Library AL9720.6
Statutory Bonds Principal - School Construction A9721.6C
Statutory Bonds Principal - Bus Purchases A9722.6C
Statutory Bonds Principal- BOCES Construction A9723.6C
Statutory Bonds Principal- Real Property Tax Refund A9724.6C
Statutory Bonds Principal - Other (Specify) A9720.6C
Bond Anticipation Notes Principal - Public Library AL9730.6
General Fund: Expenditures (continued)
ACCOUNT CODES 97
School District Account Codes
Bond Anticipation Notes Principal- School Construction A9731.6C
Bond Anticipation Notes Principal - Bus Purchases A9732.6C
Bond Anticipation Notes Principal - BOCES Construction A9733.6C
Bond Anticipation Notes Principal - Other (Specify) A9730.6C
Capital Notes Principal- Public Library AL9740.6
Capital Notes Principal- School Construction A9741.6C
Capital Notes Principal- Bus Purchases A9742.6C
Capital Notes Principal- BOCES Construction A9743.6C
Capital Notes Principal - Real Property Tax Refund A9744.6C
Capital Notes Principal-Other (Specify) A9740.6C
Installment Purchase Debt Principal - Bus Purchases A9787.6C
Installment Purchase Debt Principal- State Aided Computer
Hardware A9785.6C
Installment Purchase Debt Principal- Other (Specify) A9785.6C
Other Debt Principal (Specify) A9789.6C
Term Bonds Interest- Public Library AL9700.7
Term Bonds Interest- School Construction A9701.7C
Term Bonds Interest - Bus Purchases A9702.7C
Term Bonds Interest- BOCES Construction A9703.7C
Term Bonds Interest- Other (Specify) A9700.7C
Serial Bonds Interest- Public Library AL9710.7
Serial Bonds Interest- School Construction A9711.7C
Serial Bonds Interest- Bus Purchases A9712.7C
Serial Bonds Interest- BOCES Construction A9713.7C
Serial Bonds Interest - Real Property Tax Refund A9714.7C
Serial Bonds Interest - Other (Specify) A9710.7C
Statutory Bonds Interest - Public Library AL9720.7
Statutory Bonds Interest - School Construction A9721.7C
Statutory Bonds Interest- Bus Purchases A9722.7C
Statutory Bonds Interest- BOCES Construction A9723.7C
Statutory Bonds Interest- Real Property Tax Refund A9724.7C
Statutory Bonds Interest - Other (Specify) A9720.7C
Bond Anticipation Notes Interest - Public Library AL9730.7
Bond Anticipation Notes Interest - School Construction A9731.7C
Bond Anticipation Notes Interest - Bus Purchases A9732.7C
Bond Anticipation Notes Interest- BOCES Construction A9733.7C
General Fund: Expenditures (continued)
98 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
Bond Anticipation Notes Interest- Real Prop Tax Refund A9734.7C
Bond Anticipation Notes Interest- Other (Specify) A9730.7C
Capital Notes Interest- Public Library AL9740.7
Capital Notes Interest- School Construction A9741.7C
Capital Notes Interest - Bus Purchases A9742.7C
Capital Notes Interest- BOCES Construction A9743.7C
Capital Notes Interest - Real Property Tax Refund A9744.7C
Capital Notes Interest - Other (Specify) A9740.7C
Budget Notes Interest A9750.7C
Tax Anticipation Notes Interest A9760.7C
Revenue Anticipation Notes Interest A9770.7C
Installment Purchase Debt Interest- Bus Purchases A9787.7C
Installment Purchase Debt Interest- State Aided Computer
Hardware A9785.7C
Installment Purchase Debt Interest- Other (Specify) A9785.7C
Other Debt Interest (Specify) A9789.7C
Interfund Transfer
Transfer To School Food Service Fund A9901.93
Transfer To Special Aid Fund A9901.95
Transfer To Debt Service Fund A9901.96
Transfer To Capital Funds A9950.9C
General Fund: Expenditures (continued)
ACCOUNT CODES 99
School District Account Codes
Special Aid Fund: Fund Balance
Other Restricted Fund Balance F899
Assigned Appropriated Fund Balance F914
Assigned Unappropriated Fund Balance F915
Unassigned Fund Balance F917
Special Aid Fund: Revenues
Reimbursement of Medicare Part D Expenditures F2700
DOH-Chapter 428-Early Intervention Program F2770
Section 4410 - 12 Month Preschool Programs F2770
Other Local Revenues F2770
Interfund Revenues F2801
Employment Preparation Education Aid F3281
Section 4408 - School Age July/August Program F3289
Other State Aid F3289
NCLB Title I Migrant Education F4110
NCLB Title I Basic Grant F4126
NCLB Title V Innovative Program Strategies F4128
Accounts Payable F600
Accrued Liabilities F601
Due To Other Funds F630
Due To Other Governments F631
Due To State Teachers Retirement System F632
Due To Employees Retirement System F637
Compensated Absences F687
Other Liabilities (Specify) F689
Special Aid Fund: Liabilities
Cash F200
Cash in Time Deposits F201
Accounts Receivable F380
Due From Other Funds F391
Due From State and Federal F410
Prepaid Expenditures F480
Other Assets (Specify) F489
Special Aid Fund: Assets
100 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
NCLB Title IV Safe & Drug Free Schools F4129
Individuals W/ Disabilities Education Act (IDEA) F4256
Vocational Education F4277
Federal Fiscal Stabilization Grant - Teacher Centers and Mentor
Intern Program
F4285
Federal Education Jobs Fund F4287
Other Federal Aid (Specify) F4289
Medicaid Assistance F4601
Workforce Investment Act F4791
Interfund Transfers - Special Education (Section 4408 only) F5031
Interfund Transfers F5031
Special Aid Fund: Expenditures
Operation of Plant F1620.XX
Maintenance of Plant F1621.XX
Indirect Cost (Undistributed) F1988.4C
Unclassied Expenditures (Specify) F1988.4C
Curriculum Development and Supervision F2010.XX
Supervision - Regular School F2020.XX
Supervision - Special School F2040.XX
Research, Planning, and Evaluation F2060.XX
Inservice Training - Instruction F2070.XX
Teaching - Regular School F2110.XX
Program for Students with Disabilities School Age - School Year F2250.XX
Program for Students with Disabilities - DOH - Chapter 428 - Early
Intervention Program
F2251.XX
Program for Students with Disabilities - Preschool - 12 Month (Sec-
tion 4410 Education Law)
F2252.XX
Program for Students with Disabilities School Age - July/August
(Section 4408 Education Law)
F2253.XX
Teaching - Special Schools F2330.XX
Employment Preparation Education F2340.XX
Pre-Kindergarten Program (Do Not Include Students with
Disabilities)
F2510.XX
School Library and Audiovisual F2610.XX
Educational Television F2620.XX
Computer Assisted Instruction F2630.XX
Special Aid Fund: Revenues (continued)
ACCOUNT CODES 101
School District Account Codes
Special Aid Fund: Expenditures (continued)
Attendance Regular School F2805.XX
Guidance Regular School F2810.XX
Health Services Regular School F2815.XX
Psychological Services Regular School F2820.XX
Social Work Services Regular School F2825.XX
Pupil Personnel Services Special Schools F2830.XX
District Transportation Services F5510.XX
Summer Transportation Services Students with Disabilities F5511.XX
Contract Transportation F5540.4
Public Transportation F5540.4
Summer Contract Transportation F5541.4
Summer Public Transportation F5541.4
Transportation Services from BOCES F5581.49
Summer Transportation Services from BOCES F5582.49
Workforce Investment Act F6293.XX
Work Training F6320.XX
Work Study F6322.XX
Civic Activities F8060.XX
Transfers to Other Funds F9901.9C
102 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
School Food Service Fund: Assets
Cash C200
Cash in Time Deposits C201
Petty Cash C210
Accounts Receivable C380
Due From Other Funds C391
Due From State and Federal C410
Inventory of Materials & Supplies C445
Surplus Food Inventory C446
Purchased Food Inventory C446
Other (Specify) C489
School Food Service Fund: Liabilities
Accounts Payable C600
Accrued Liabilities C601
Due To Other Funds C630
Due To Other Governments C631
Due To Employees Retirement System C637
Compensated Absences C687
Other (Specify) C689
School Food Service Fund: Fund Balance
Not in Spendable Form C806
Other Restricted Fund Balance C899
Assigned Appropriated Fund Balance C914
Assigned Unappropriated Fund Balance C915
Unassigned Fund Balance C917
School Food Service Fund: Revenues
Sale of Reimbursable Meals (Total) C1440
Other Cafeteria Sales C1445
Interest and Earnings C2401
Sale of Equipment C2665
Compensation for Loss C2690
Reimbursement of Medicare Part D Expenditures C2700
Refunds of Prior Years Expenditures C2701
ACCOUNT CODES 103
School District Account Codes
Gifts and Donations C2705
Misc. Revenues from Local Sources (Specify) C2770
State Reimbursement C3190
Federal Reimbursement (Excl Surplus Food) C4190
Federal Reimbursement - Surplus Food Only C4190
Summer Food Service Program for Children C4192
Transfer From General Fund C5031
School Food Service Fund: Expenditures
School Food Service C2860.XX
State Retirement C9010.8C
Teachers Retirement C9020.8C
Social Security C9030.8C
Workers Compensation C9040.8C
Life Insurance C9045.8C
Unemployment Insurance C9050.8C
Disability Insurance C9055.8C
Hospital, Medical and Dental Insurance C9060.8C
Interfund Transfers C9901.9C
School Food Service Fund: Revenues (continued)
104 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
Public Library Fund: Assets
Cash L200
Cash in Time Deposits L201
Petty Cash L210
Accounts Receivable L380
Due From Other Funds L391
Investment in Securities L450
Other (Specify) L489
Public Library Fund: Liabilities
Accounts Payable L600
Accrued Liabilities L601
Due To Employees Retirement System L637
Compensated Absences L687
Other (Specify) L689
Public Library Fund: Fund Balance
Other Restricted Fund Balance L899
Assigned Appropriated Fund Balance L914
Assigned Unappropriated Fund Balance L915
Unassigned Fund Balance L917
ACCOUNT CODES 105
School District Account Codes
Public Library Fund: Revenues
Real Property Taxes L1001
Library Services for Free Assoc. Libraries L2080
Library Charges L2082
Library Services, Other Governments L2360
Interest and Earnings L2401
Rental of Real Property L2410
Rental of Real Property, Other Governments L2412
Commissions L2450
Sales of Scrap and Excess Materials L2650
Sales of Equipment L2665
Sales of Instructional Supplies L2670
Insurance Recoveries L2680
Other Compensation for Loss L2690
Reimbursement for Medicare Part D Expenditures L2700
Refunds of Prior Years Expenditures L2701
Gifts and Donations L2705
Library System Grant L2760
Unclassied Revenues (Specify) L2770
State Aid for Libraries L3840
Federal Aid for Libraries L4840
Interfund Transfers L5031
Public Library Fund: Expenditures
Public Library L7410.XX
State Retirement L9010.8C
Social Security L9030.8C
Workers Compensation L9040.8C
Life Insurance L9045.8C
Hospital, Medical and Dental Insurance L9060.8C
Other (Specify) L9089.8C
Transfers To Other Funds L9901.9C
Transfer To Capital Projects Funds L9950.9C
106 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
Cash V200
Cash in Time Deposits V201
Cash With Fiscal Agent V223
Cash, Special Reserves V230
Cash in Time Deposits, Special Reserves V231
Accounts Receivable V380
Due From Other Funds V391
Deposits in State Sinking Fund V397
Investment in Securities V450
Investment in Repurchase Agreements V451
Investment in Securities, Special Reserve Funds V452
Investment in Repurchase Agreements, Special Reserve Funds V453
Other (Specify) V489
Debt Service Fund: Liabilities
Term Bonds Payable V623
Bond Interest and Matured Bonds Payable V629
Due To Other Funds V630
Accrued Interest Payable V651
Other (Specify) V689
Debt Service Fund: Fund Balance
Reserve for Debt V884
Assigned Appropriated Fund Balance V914
Assigned Unappropriated Fund Balance V915
Unassigned Fund Balance V917
Debt Service Fund: Revenues
Interest and Earnings V2401
Sale of Real Property V2660
Premium on Obligations V2710
Interfund Transfer From General Fund (A9901.96) V5031
Interfund Transfers, Other (Specify) V5032
Proceeds of Advanced Refunding Bonds V5791
Debt Service Fund: Assets
ACCOUNT CODES 107
School District Account Codes
Debt Service Fund: Expenditures
Fiscal Agent Fees V1380.4
Debt Service: Principal
Term Bonds - Public Library VL9700.6
Term Bonds - School Construction V9701.6C
Term Bonds - Bus Purchases V9702.6C
Term Bonds - BOCES Construction V9703.6
Term Bonds - Other (Specify) V9700.6C
Serial Bonds - Public Library VL9710.6
Serial Bonds - School Construction V9711.6C
Serial Bonds - Bus Purchases V9712.6C
Serial Bonds - BOCES Construction V9713.6C
Serial Bonds - Refund of Real Property Taxes V9714.6C
Serial Bonds - Other (Specify) V9710.6C
Statutory Bonds - Public Library VL9720.6
Statutory Bonds - School Construction V9721.6C
Statutory Bonds - Bus Purchases V9722.6C
Statutory Bonds - BOCES Construction V9723.6C
Statutory Bonds - Refund of Real Property Taxes V9724.6C
Statutory Bonds - Other (Specify) V9720.6C
Bond Anticipation Notes - Public Library VL9730.6
Bond Anticipation Notes - School Construction V9731.6C
Bond Anticipation Notes - Bus Purchases V9732.6C
Bond Anticipation Notes - BOCES Construction V9733.6C
Bond Anticipation Notes - Other (Specify) V9730.6C
Capital Notes - Public Library VL9740.6
Capital Notes - School Construction V9741.6C
Capital Notes - Bus Purchases V9742.6C
Capital Notes - BOCES Construction V9743.6C
Capital Notes - Refund of Real Property Taxes V9744.6C
Capital Notes - Other (Specify) V9740.6C
Installment Purchase Debt - Bus Purchases V9787.6C
Installment Purchase Debt - State Aided Computer Hardware V9785.6C
Installment Purchase Debt - Other (Specify) V9785.6C
Other Debt (Specify) V9789.6C
Total Principal V9798.6C
108 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
Debt Service: Interest
Term Bonds - Public Library VL9700.7
Term Bonds - School Construction V9701.7C
Term Bonds - Bus Purchases V9702.7C
Term Bonds - BOCES Construction V9703.7C
Term Bonds - Other (Specify) V9700.7C
Serial Bonds - Public Library VL9710.7
Serial Bonds - School Construction V9711.7C
Serial Bonds - Bus Purchases V9712.7C
Serial Bonds - BOCES Construction V9713.7C
Serial Bonds - Real Property Taxes V9714.7C
Serial Bonds - Other (Specify) V9710.7C
Statutory Bonds - Public Library VL9720.7
Statutory Bonds - School Construction V9721.7C
Statutory Bonds - Bus Purchases V9722.7C
Statutory Bonds - BOCES Construction V9723.7C
Statutory Bonds - Refund of Real Property Taxes V9724.7C
Statutory Bonds - Other (Specify) V9720.7C
Bond Anticipation Notes - Public Library VL9730.7
Bond Anticipation Notes - School Construction V9731.7C
Bond Anticipation Notes - Bus Purchases V9732.7C
Bond Anticipation Notes - BOCES Construction V9733.7C
Bond Anticipation Notes - Real Property Tax Refund V9734.7C
Bond Anticipation Notes - Other (Specify) V9730.7C
Capital Notes - Public Library VL9740.7
Capital Notes - School Construction V9741.7C
Capital Notes - Bus Purchases V9742.7C
Capital Notes - BOCES Construction V9743.7C
Capital Notes - Refund of Real Property Tax V9744.7C
Capital Notes - Other (Specify) V9740.7C
Installment Purchase Debt - Bus Purchases V9787.7C
Installment Purchase Debt - State Aided Computer Hardware V9785.7C
Installment Purchase Debt - Other (Specify) V9785.7C
Other Debt (Specify) V9789.7C
Total Interest V9798.7C
Interfund Transfers V9901.9C
Payment to Escrow Agent (Advanced Refunding Bonds) V9991.4C
Debt Service Fund: Expenditures (continued)
ACCOUNT CODES 109
School District Account Codes
Capital Projects Fund: Assets
Cash H200
Cash in Time Deposits H201
Cash for Revenue Anticipation Notes H222
Cash Special Reserves H230
Accounts Receivable H380
Due From Other Funds H391
Due From State and Federal H410
Due From Other Governments H440
Investment in Securities H450
Investment in Securities, Special Reserve H452
Other (Specify) H489
Capital Projects Fund: Liabilities
Accounts Payable H600
Accrued Liabilities H601
Retained Percentages, Contracts Payable H605
Revenue Anticipation Notes Payable H621
Bond Anticipation Notes Payable H626
Due To Other Funds H630
Other (Specify) H689
Capital Projects Fund: Fund Balance
Capital Reserve Balance H878
Other Restricted Fund Balance H899
Assigned Unappropriated Fund Balance H915
Unassigned Fund Balance H917
110 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
Capital Projects Fund: Revenues
Interest and Earnings H2401
Insurance Recoveries H2680
Gifts and Donations H2705
Other Miscellaneous (Specify) H2770
State Sources, EXCEL Aid H3297
State Sources, Other (Specify) H3297
Federal Sources, (Specify) H4297
Interfund Transfer from General Fund H5031
Interfund Transfers, Other (Specify) H5031
Term Bonds H5700
Serial Bonds H5710
Statutory Installment Bond H5720
Bond Anticipation Notes H5730
Bond Anticipation Notes Redeemed from Appropriations H5731
Capital Notes H5740
Installment Purchase Debt H5785
Other Debt H5789
Capital Projects Fund: Expenditures
Buildings H1620.292
General Construction (Incl HVAC, Plumbing, Electric, Site Imp, &
Utility & Service)
H1620.293
Maintenance of Plant H1621.200
Land H1940.291
Regular School Furniture, Equipment, Textbooks H2110.200
Superintendent of Construction or Clerk of Works H2110.201
Contractual and Other (Incl Architecture, Legal, Engineering, and
Insurance)
H2110.240
Buses H5510.210
Transfers to General Fund H9901.9CC
Transfers to Debt Service Fund H9901.96C
ACCOUNT CODES 111
School District Account Codes
Cash TA200
Cash in Time Deposits TA201
Accounts Receivable TA380
Due from Other Funds TA391
Investment in Securities TA450
Investment in Repurchase Agreements TA451
Securities and Mortgages TA455
Accrued Interest On Securities Acquired TA456
Personal Property TA457
Real Property TA458
Cash and Securities with Deferred Compensation Plan Pro-
vider
TA460
Other (Specify) TA489
Agency Fund: Liabilities
Consolidated Payroll TA10
Deferred Compensation TA17
State Retirement TA18
Disability Insurance TA19
Group Insurance TA20
New York State Income Tax TA21
Federal Income Tax TA22
Income Executions TA23
Association and Union Dues TA24
U.S. Savings Bonds TA25
Social Security Tax TA26
Teachers Retirement Loan TA27
New York City Income Tax TA28
Employee Annuities TA29
Guaranty and Bid Deposits TA30
Court Order Deposits TA36
Student Deposits TA38
Former District Monies TA70
Due To Other Funds TA630
Other Liabilities (Specify) TA85
Agency Fund: Assets
112 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
Permanent Fund: Assets
Cash PN200
Cash in Time Deposits PN201
Cash, Special Reserves PN230
Cash in Time Deposits, Special Reserves PN231
Investment in Securities PN450
Investment in Repurchase Agreements PN451
Investment in Securities, Special Reserves PN452
Investment in Repurchase Agreements, Special Reserves PN453
Other (Specify) PN489
Permanent Fund: Liabilities
Accounts Payable PN600
Other Liabilities PN688
Permanent Fund: Fund Balance
Must Remain Intact PN807
Other Restricted Fund Balance PN899
Assigned Appropriated Fund Balance PN914
Assigned Unappropriated Fund Balance PN915
Unassigned Fund Balance PN917
Permanent Fund: Revenues
Interest and Earnings PN2401
Gifts and Donations PN2705
Other (Specify) PN2770
Permanent Fund: Expenditures
Personal Services PN2989.1
Contractual and Other PN2989.4
ACCOUNT CODES 113
School District Account Codes
Cash CM200
Cash in Time Deposits CM201
Cash, Special Reserves CM230
Cash in Time Deposits, Special Reserves CM231
Investment in Securities CM450
Investment in Repurchase Agreements CM451
Investment in Securities, Special Reserves CM452
Investment in Repurchase Agreements, Special Reserves CM453
Other (Specify) CM489
Miscellaneous Special Revenue Fund: Liabilities
Accounts Payable CM600
Other Liabilities CM688
Miscellaneous Special Revenue Fund: Fund Balance
Other Restricted Fund Balance CM899
Committed Fund Balance CM913
Assigned Appropriated Fund Balance CM914
Assigned Unappropriated Fund Balance CM915
Unassigned Fund Balance CM917
Miscellaneous Special Revenue Fund: Revenues
Interest and Earnings CM2401
Gifts and Donations CM2705
Other (Specify) CM2770
Miscellaneous Special Revenue Fund: Expenditures
Personal Services CM2989.1
Contractual and Other CM2989.4
Miscellaneous Special Revenue Fund: Assets
114 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
Private Purpose Trust Fund: Assets
Cash TE200
Cash in Time Deposits TE201
Cash, Special Reserves TE230
Cash in Time Deposits, Special Reserves TE231
Investment in Securities TE450
Investment in Repurchase Agreements TE451
Investment in Securities, Special Reserves TE452
Investment in Repurchase Agreements, Special Reserves TE453
Other (Specify) TE489
Private Purpose Trust Fund: Liabilities
Accounts Payable TE600
Other Liabilities TE688
Private Purpose Trust Fund: Net Assets
Restricted for Other Purposes TE923
Non Restricted for Other Purposes TE924
Private Purpose Trust Fund: Revenues
Interest and Earnings TE2401
Gifts and Donations TE2705
Other (Specify) TE2770
Private Purpose Trust Fund: Expenditures
Personal Services TE2989.1
Contractual and Other TE2989.4
ACCOUNT CODES 115
School District Account Codes
Statement of Non-Current Governmental Assets
The Statement of Non-Current Governmental Assets does not constitute a fund, but is a
supplementary self-balancing schedule reported on the ST-3. Assets reported should mirror
those reported in the district-wide statement of net assets on the Districts audited nancial
statements.
Land K101
Buildings K102
Improvements Other Than Buildings K103
Equipment K104
Construction Work in Progress K105
Infrastructure K106
Other Capital Assets K107
Accumulated Depreciation-Buildings K112
Accumulated Depreciation-Improvements Other Than
Buildings
K113
Accumulated Depreciation-Equipment K114
Accumulated Depreciation-Infrastructure K116
Accumulated Depreciation-Other Capital Assets K117
Total Non-Current Governmental Assets K159
Statement of Non-Current Governmental Liabilities
The Statement of Non-Current Governmental Liabilities does not constitute a fund, but is
a supplementary self-balancing schedule reported on the ST-3. Liabilities reported should
mirror those reported in the district-wide statement of net assets on the Districts audited
nancial statements.
Term Bonds Payable W623
Bond Anticipation Notes Payable W626
Capital Notes Payable W627
Bonds Payable W628
Due to State Teachers Retirement System W632
Due to Employees Retirement System W637
Other Post Employement Benets (OPEB) W683
Installment Purchase Debt W685
Judgements and Claims Payable W686
Compensated Absences W687
Other Long-term Debt (Specify) W689
Total Non-Current Governmental Liabilities W129
116 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
School District Account Codes
USEFUL LINKS
OSC Publications www.osc.state.ny.us/localgov/pubs/index.htm
OSC Accounting Bulletins www.osc.state.ny.us/localgov/pubs/releases/index.htm
SED Accounting and Auditing Information www.p12.nysed.gov/mgtserv/accounting/
Governmental Accounting Standards Board (GASB) www.gasb.org/
OSC Contact Information www.osc.state.ny.us/contact.htm
USEFUL LINKS 117
Executive ......................................................................................................................................................................................................... 474-4037
Steven J. Hancox, Deputy Comptroller
Nathaalie N. Carey, Assistant Comptroller
Financial Reporting ......................................................................................................................................................................................474-4014
(Annual Financial Reports, Constitutional Limits, Real Property Tax Levies, Local Government Approvals)
Information Services ...................................................................................................................................................................................474-6975
(Requests for Publications or Government Data)
Justice Court Fund ....................................................................................................................................................................................... 473-6438
Audits and Local Services ........................................................................................................................................................................ 474-5404
(Audits, Technical Assistance)
Professional Standards ............................................................................................................................................................................. 474-5404
(Auditing and Accounting)
Research ............................................................................................................................................................................................................473-0617
Statewide and Regional Projects ................................................................................................................................................. 607-721-8306
Training ............................................................................................................................................................................................................. 473-0005
(Local Of cial Training, Teleconferences, DVDs)
New York State Retirement System
Retirement Information Services
Inquiries on Employee Benefts and Programs ..................................................................................................474-7736
Bureau of Member Services .....................................................................................................................................................474-1101
Monthly Reporting Inquiries ..................................................................................................................................... 474-1080
Audits and Plan Changes............................................................................................................................................474-0167
All Other Employer Inquiries .....................................................................................................................................474-6535
Division of Legal Services
Municipal Law Section .............................................................................................................................................................474-5586
Other OSC Of ces
Bureau of State Expenditures ............................................................................................................................................. 486-3017
Bureau of State Contracts ....................................................................................................................................................... 474-4622
(Area code for the following is 518 unless otherwise specifed)
Office of the New York State Comptroller
www. o s c . s t a t e . n y . u s
Mailing Address
for all of the above:
Directory
Division of Local Government and School Accountability
Central Office
email: [email protected]
Of ce of the State Comptroller, 110 State St., Albany, New York 12236
(Zip Code for Retirement System is 12244)
118 ACCOUNTING AND REPORTING MANUAL FOR SCHOOL DISTRICTS
Office of the New York State Comptroller
www. o s c . s t a t e . n y . u s
Directory
Division of Local Government and School Accountability
Regional Office
Steven J. Hancox, Deputy Comptroller (518) 474-4037
Cole H. Hickland, Director - Direct Services (518) 474-5480
Jack Dougherty, Director - Direct Services (518) 474-5480
BINGHAMTON REGIONAL OFFICE H. Todd Eames, Chief Examiner
State Office Building, Room 1702 44 Hawley Street Binghamton, New York 13901-4417
Tel (607) 721-8306 Fax (607) 721-8313 Email: [email protected]
Serving: Broome, Chenango, Cortland, Delaware, Otsego, Schoharie, Sullivan, Tioga, Tompkins counties
BUFFALO REGIONAL OFFICE Robert Meller, Chief Examiner
295 Main Street, Room 1050 Buffalo, New York 14203-2510
Tel (716) 847-3647 Fax (716) 847-3643 Email: [email protected]
Serving: Allegany, Cattaraugus, Chautauqua, Erie, Genesee, Niagara, Orleans, Wyoming counties
GLENS FALLS REGIONAL OFFICE Jeffrey Leonard, Chief Examiner
One Broad Street Plaza Glens Falls, New York 12801-4396
Tel (518) 793-0057 Fax (518) 793-5797 Email: [email protected]
Serving: Albany, Clinton, Essex, Franklin, Fulton, Hamilton, Montgomery, Rensselaer, Saratoga, Schenectady, Warren,
Washington counties
HAUPPAUGE REGIONAL OFFICE Ira McCracken, Chief Examiner
NYS Office Building, Room 3A10 Veterans Memorial Highway Hauppauge, New York 11788-5533
Tel (631) 952-6534 Fax (631) 952-6530 Email: [email protected]
Serving: Nassau, Suffolk counties
NEWBURGH REGIONAL OFFICE Christopher J. Ellis, Chief Examiner
33 Airport Center Drive, Suite 103 New Windsor, New York 12553
Tel (845) 567-0858 Fax (845) 567-0080 Email: [email protected]
Serving: Columbia, Dutchess, Greene, Orange, Putnam, Rockland, Ulster, Westchester counties
ROCHESTER REGIONAL OFFICE Edward V. Grant Jr., Chief Examiner
The Powers Building 16 West Main Street Suite 522 Rochester, New York 14614-1608
Tel (585) 454-2460 Fax (585) 454-3545 Email: [email protected]
Serving: Cayuga, Chemung, Livingston, Monroe, Ontario, Schuyler, Seneca, Steuben, Wayne, Yates counties
SYRACUSE REGIONAL OFFICE Rebecca Wilcox, Chief Examiner
State Office Building, Room 409 333 E. Washington Street Syracuse, New York 13202-1428
Tel (315) 428-4192 Fax (315) 426-2119 Email: [email protected]
Serving: Herkimer, Jefferson, Lewis, Madison, Oneida, Onondaga, Oswego, St. Lawrence counties
STATEWIDE AND REGIONAL PROJECTS Ann C. Singer, Chief Examiner
State Office Building, Suite 1702 44 Hawley Street Binghamton, New York 13901-4417
Tel (607) 721-8306 Fax (607) 721-8313
CONTACTS 119
New York State
Ofce of the State Comptroller
Division of
Local Government and School Accountability
110 State Street, 12th Floor Albany, New York 12236