ENTRY NO. C–1, CLOSE NOMINAL ACCOUNTS - 10650

(Revised: 06/2023)

Purpose: To close nominal accounts at year-end and determine the fund balance available for appropriation for non-shared funds or each agency/department’s shared equity for shared funds.

References: SAM Sections 7640, 7680, 10467, 10463, 10464, 10467, 10468, 10473, 10474, and 10475

Close Revenue and Reimbursements Accounts to Fund Balance

Debit/ Credit	Account	Legacy Account	Account Description	Note
Debit	4xxxxxx	8000	Revenue
Debit	48xxxxx	8100	Reimbursements
Debit	5901000	9891	Refunds to Reverted Appropriations
Credit	3902000	5530	Fund Balance-Unappropriated
Credit	3903000	5570	Fund Balance-Clearing Account
Credit	4180100	9892	Prior Year Revenue Adjustment	a

Note:

Amount of Prior Year Income Adjustments assuming a debit balance in the account.

Close Appropriation Expenditure Accounts to Fund Balance

Debit/ Credit	Account	Legacy Account	Account Description	Note
Debit	3902000	5530	Fund Balance-Unappropriated
Debit	3903000	5570	Fund Balance-Clearing Account
Credit	5xxxxxx	9000	Appropriation Expenditures
Credit	5802000	9893	Prior Year Appropriations Adjustments	a

Note:

Amount of Prior Year Appropriations that reverted as of June 30 assuming a debit balance in the account.

Close Other Financial Sources/Uses Accounts to Fund Balance

Debit/ Credit	Account	Legacy Account	Account Description	Note
Debit	3902000	5530	Fund Balance-Unappropriated
Debit	3903000	5570	Fund Balance-Clearing Account
Debit	63xxxxx	9811	Operating Transfers In
Debit	6521000	9811	Unappropriated Transfers from Other Funds
Debit	6530000	9811	Loans/Repayments from Other Funds
Debit	6540000	9811	Revenue Transfers from Other Funds
Credit	62xxxxx	9812	Operating Transfers Out
Credit	6480000	9812	Transfer to Other Funds-Unspecified
Credit	6511000	9812	Unappropriated Transfers to Other Funds

Revisions

ENTRY C-1, REVENUE AND REIMBURSEMENTS ACCOUNTS ARE CLOSED - 05/1995

ENTRY NO. C–1, CLOSE NOMINAL ACCOUNTS - 10650

Revisions

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