FEDERAL TRUST FUND GENERAL LEDGER ENTRIES - 17135

(Revised: 09/1982)

To record a receivable for Federal funds:

Debit	Credit
1510		Due from Federal Government
	8020	Federal Grants and Contracts

 

To record a receivable for Federal funds:

Debit	Credit
1110		General Cash
	1510	Due from Federal Government

(If no receivable had been established, the receipt would be recorded as a debit to Account 1110 and a credit to Account 8020.)

To record remittance of Federal funds to the State Treasury:

Debit	Credit
1150		Cash in Transit to State Treasury
	1110	General Cash

 

To record remittance of Federal funds to the State Treasury:

Debit	Credit
1140		Cash in State Treasury
	1150	Cash in Transit to State Treasury

 

To record appropriated expenditures from the Federal Trust Fund.  This will occur when: (1) expenditures of Federal funds are made directly from the Federal Trust Fund or (2) the disbursement is accounted as expenditure in the Federal Trust Fund and cash is transferred to another fund to be accounted as a reimbursement.

Debit	Credit
9000		Appropriation Expenditures
	1140	Cash in State Treasury

 

To record disbursement of money from the Federal Trust Fund when the appropriation is for transfer to another fund:

Debit	Credit
9812		Operating Transfers Out
	1140	Cash in State Treasury

 

To record a payable when Federal funds are appropriated and expended from the Federal Trust Fund:

Debit	Credit
9000		Appropriation Expenditures
	3010	Accounts Payable, or
	3110	Due to Other Funds or Appropriations, or
	3210	Due to Federal Government, or
	3220	Due to Local Government

 

To record a payable when the authorized or appropriated expenditure of Federal funds occurs in another fund:

Debit	Credit
9812		Operating Transfers Out
	3110	Due to Other Funds or Appropriations