ENTRY NO. 31 – CASH TRANSFERRED TO THE SURPLUS MONEY INVESTMENT FUND - 10531

(Revised: 12/2021)

Purpose: To record the transfer of surplus cash to the Surplus Money Investment Fund. This entry is performed by administering agencies/departments that maintain the Cash in State Treasury account for funds.

 

References: Government Code sections 16470 through 16476

 

Record Transfer of Cash to the Surplus Money/Investment Fund (SMD/SMC)

Debit/ Credit	Account	Legacy Account	Account Description	Note
Debit	1120000	1210	Deposits in Surplus Money Investment Fund	a
Credit	1104000	1140	Cash in State Treasury	a

 

Note:

a.  Amount of surplus cash transferred to the Surplus Money Investment Fund. When cash is returned from the Surplus Money Investment Fund, the entry is reversed.