| 111XXX-11RXXX - Cash, Cash Equivalents, and Pooled Cash |
This account subgroup includes cash on deposit with financial institutions. It also includes undeposited cash for change funds and petty cash funds. |
| 112101-112300 - Investments |
This account group includes investments owned by an agency for the purpose of earning income on fund cash not immediately needed for operations. Investments and pooled investments include deposits held by the State Treasurer in certain long-term investment portfolios as well as investments held separately by the State and its component units. Investments are generally reported at fair value. The net increase (decrease) in the fair value of investments is recognized as a component of investment income. |
| 113XXX - Receivables |
This account consists of the uncollected portion of taxes the State has levied and are due. |
| 114191-114910 - Interfund Receivables and Beneficial Interests |
This account group consists of transfers between fund types and State departments and universities within State Government. Operating transfers and reimbursements are classified in this account group. |
| 115100-115220 - Notes Receivable |
This account group includes unconditional written promises, signed by makers, to pay sums certain in money on demand or at a fixed or determinable future time either to the bearer or to the order of a person designated therein. The note may be held by the reporting governmental unit as designated payee or by endorsement. |
| 115300 - Lease Receivable |
This account represents the present value of lease payments expected to be received within one year of the balance sheet date by a lessor in a leasing arrangement. |
| 115400 - PPP Asset Receivable - Current |
This account is used by a transferor to record a receivable for the right to receive an underlying asset at the end of the term in a public-private/public-public partnership according to GASB Statement 94. |
| 116110-116980 - Inventories |
This account group includes tangible personal property acquired for normal operations, supplies to be used in the production of property for resale, or supplies to be used in the production of goods and services. Inventories may be maintained under a periodic system where costs are accumulated during the period and an adjustment is made to a physical count at the end of the period. A perpetual inventory system records additions and deductions from the inventory on a continuous basis, thus providing a perpetual record of inventory on hand. |
| 119100-119600 - Other Current Assets |
This account group includes all other current assets not classified elsewhere. Resources neither in the possession nor control of a university, but held and administered by an outside organization with the university deriving income from such funds. Includes funds established under irrevocable trusts where the university has legally enforceable rights or claims. |
| 121XXX - Cash and Cash Equivalent |
These accounts represent noncurrent cash & cash equivalents, and pooled cash whose use is subject to constraints that are either (a) externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments or (b) imposed by law through constitutional provisions. |
| 122XXX - Investments |
This account group includes long-term investments, which are restricted beyond the current period as to sale or disposal. |
| 123200-124200 - Receivables |
This account group includes earned revenues and other resources which will not be collected until future fiscal periods. |
| 124310-124910 - Advances and Beneficial Interests |
Amounts that are owed, other than charges for goods and services rendered, to a particular fund by another fund in the state reporting entity and that are not due within one year. |
| 125100-125220 - Notes Receivable |
This account subgroup includes unconditional written promises, signed by makers, to pay sums certain in money on demand or at a fixed or determinable future time either to the bearer or to the order of a person designated therein. The note may be held by the reporting governmental unit as designated payee by endorsement. |
| 125300 - Lease Receivable-Noncurrent |
This account represents the present value of lease payments expected to be received at a future date at least one year or more subsequent to the balance sheet date by a lessor in a leasing arrangement. This account is for use by proprietary lessors including component units of the State of North Carolina. |
| 125400 - PPP Asset Receivable - Noncurrent |
This account is used by a transferor to record a receivable for the right to receive an underlying asset at the end of the term in a public-private/public-public partnership according to GASB Statement 94. Initially, the receivable will be recorded as a noncurrent receivable. In the final year of the arrangement, the receivable should be reclassified as a current receivable. |
| 127XXX - Capital Assets |
The term capital assets includes land, improvements to land, easements, buildings, building improvements, vehicles, machinery, furniture, equipment, works of art and historical treasures, infrastructure, and all other tangible or intangible assets that are used in operations and that have a normal life expectancy of more than two years. |
| 128XXX - Long Term Obligation Debits |
This account group represents the amount provided and available from revenues for the retirement of outstanding long-term obligations. These accounts should only be used in the General Long-Term Obligation Account Group. |
| 129100-129900 - Other Non-Current Assets |
This account group consists of assets not available to meet the cost of current operations or to pay current liabilities and not classified elsewhere. |
| 211100-214300; 217100 - Accounts Payable & Accrued Liabilities |
This account group includes short term obligations and claims against the State. This group of accounts is used to record amounts due to private persons, firms, other state agencies, or corporations for goods purchased or services rendered. |