ENTRY NO. A–6, ACCRUE INTEREST EARNINGS FROM SURPLUS MONEY INVESTMENT FUND AND CONDEMNATION DEPOSITS FUND - 10605

Purpose: To accrue interest receivable from the Surplus Money Investment Fund and the Condemnation Deposits Fund as of June 30. The State Controller’s Office will issue a journal entry in July for the interest earned applicable to the fourth quarter of the prior year. This entry is reversed in the new fiscal year.

References: SAM Section 8284

Accrue Interest Earnings from Surplus Money Investment Fund and Condemnation Deposits Fund

Note:

1. Interest earned as of June 30 and transferred in July. The entries posted to Due from Other Funds must include subsidiary Fund 0681 for amounts due from the Surplus Money Investment Fund and Fund 0910 for amounts due from the Condemnation Deposits Fund.