| Collections, Recoveries & Carryforwards | ||
|---|---|---|
| 437111 | Loan Collection-Principal | |
| 437112 | Loan Collection-Interest | |
| 437113 | Insurance Recoveries | This account should be used by governmental funds only. Proprietary funds should use account 437116. |
| 437114 | Escheat Fund Collections | This account is to be used by the State Treasurer only. |
| 437115 | Liquidated Damage Collections | |
| 437116 437116001 437116002 |
Insurance Recovery - Non operating Insurance Recovery With Fund Participation Insurance Recovery Without Fund Participation |
Used by proprietary funds only. |
| 437117 | Rebates | To record rebates that are not from procurement cards. Use account 437127 for rebates from procurement cards. |
| 437118 | Per Diem Collections | |
|
437119 437119001 437119002 |
Public Assistance Collections |
WIC (Women, Infant & Children food program) Vendors WIC Participants |
| 437120 | Medical Payment Recoupments from Non-State Agencies used by Department of Correction's Safekeeper Program to record reimbursements from county governments | |
| 437121 | Payback Settlements | |
| 437122 | Accounts Receivable - Interest | |
| 437123 | Accounts Receivable - Penalty | |
| 437127 | Procurement Card Rebates | To record rebates from procurement cards only. Use the other rebate account 437117 for rebates from other sources. |
| 437128 | Lease Interest Revenue | This account represents interest revenue related to leases accounted for under GASB 87, Leases. This account is for use by governmental and proprietary lessors, including component units of the State. |
| 437129 | Reinsurance Receipts | Reinsurance receipts are amounts received from reinsurance policies acquired for additional coverage. This account is set up as a contra-account to offset claims expense. |
| Debt Proceeds | |
|---|---|
| 437210 | Proceeds - General Obligation Bonds |
| 437211 | Proceeds - Revenue Bonds (old title: Proceeds from Sale of Bonds) (Note: Account was formerly titled Proceeds - Sale of Bonds. Effective fo year end 6/30/03, account 437211 must only be used for revenue bonds. For general obligation bonds, use account 437210 Proceeds - General Obligation Bonds.) |
| Account | Title |
|---|---|
| 437212 | Proceeds of Refunding Debt Revenue received from the proceeds of current and advance refunding bonds. |
| 437213 | Proceeds - Leases To record the value of new lease agreements entered into during the current year. This is the initial present value of the lease as calculated per GASB Statement 87 requirements. For use by governmental funds only. |
| 437214 | Proceeds - Other Financing To record debt proceeds from 3rd party financing agreements. |
| 437215 | Bond Premium |
| 437216 | Certificates of Participation |
| 437217 | Proceeds - Lease-purchase Revenue Bonds |
| 437218 | Proceeds - Grant Anticipation Revenue Vehicle Bonds To record proceeds of GARVEE Bonds issued. |
| 437219 | Proceeds - Limited Obligation Bonds |
| 437221 | Proceeds - Subscription Arrangements (SBITAs) To record the value of new subscription-based IT arrangements entered into during the current year. This is the initial present value of the arrangement as calculated per GASB Statement 96 requirements. For use by governmental funds only. |
| 437300 |
Indirect (Overhead) Cost Receipt The indirect cost receipt account should be used in conjunction with the indirect cost expenditure account 535640 to prepare noncash revenue and expenditure entries to track overhead costs for grant accounting. These accounts carry balances for monthly accounting, but at 6/30, the revenue balance should be eliminated against the corresponding expenditure account balance (account 535640) to zero out the accounts for year end reporting. The following two definitions are used in determining whether investment earnings and realized/unrealized gains/losses should be recorded as general revenues or program revenues: Program Revenue: Investment earnings that are legally restricted for use in specific functions or programs. |
| 437400 | Realized Gain - Sale of Investments - Program Revenue This account is used to record the gain when the net proceeds from the sale of an investment are greater than the cost of the investment. |
| 437401 | Realized Gain - Sale of Investments - General Revenue |
| 437402 | Realized Gain on sale of investments - Nonoperating - Program Revenue For use by proprietary funds only. |
| 437410 | Unrealized Gain on Investments - Program Revenue |
| 437411 | Unrealized Gain on Investments - General Revenue |
| 437412 | Unrealized Gain on investments - Nonoperating - Program Revenue For use by proprietary funds only. |
| 437420 | Purchase/Redemption of Units Net transactions be participants in Local Government Investment Trust Fund to purchase or redeem shares. |
| 437430 | Reinvestment of Distribution To record the distribution paid to participants and reinvested by the local government investment trust fund. |
| 437500 | Retirement of Indebtedness The increase in the equity of capital assets funded by debt proceeds based on principal payments. |
| 437510 | Gain on Extinguishment of Debt This account is limited for use by the Employment Security Unemployment Insurance fund or as authorized by OSC. This account includes the FUTA (Federal Unemployment Tax Act) tax credits received to pay back the Federal Unemployment Account (FUA) advances. It is not valid for governmental funds. For proprietary fund accounting, this account is classified as a nonoperating revenue. For government-wide reporting for Comprehensive Annual Financial Report, this account and caption roll to Program revenues - Operating grants and contributions. |
| 437520 |
Gain on in-substance defeasance of debt This account is used to report the difference between the reacquisition price and the net carrying amount of the debt when a government places cash and other monetary assets acquired with only existing resources with an escrow agent for an in-substance defeasance of debt. This account is not valid for governmental funds. For proprietary fund accounting, this account is classified as a nonoperating revenue. On the Statement of Activities, this account is classified as Program revenues – Operating grants and contributions. |
| 437550 | Gain on termination of irrevocable split-interest agreement Proprietary funds only. For gains resulting from the elimination of any residual liability at the termination of an irrevocable split-interest agreement when the government is the intermediary and a remainder interest beneficiary as required by GASB Statement No. 81, Irrevocable Split-Interest Agreements. |
| 437600 | Plant Fund Addition |
| 437700 | Extraordinary Gain To record an extraordinary gain. Losses are recorded in account 535700-Extraordinary loss. Extraordinary items are transactions or other events that are both unusual in nature and infrequent in occurrence. (Note: Prior to 7-1-2001, this account was for use only by proprietary funds. Effective 7-1-2001 with the implementation of the new reporting model under GASB 34, this account may be used by any fund type.) |
| 437750 | Special Items - Gain Significant transactions or other events within the control of managementthat are either unusual in nature or infrequent in occurrence. (GASB 34 Par. 56). Use account 535750 for special items - losses. |
| 437800 | Reserves to Bgt Reduction |
| 437985 | Other Miscellaneous Revenue - Grant Related Program Revenue |
| Account | Title | |
|---|---|---|
| 437990 | Other Miscellaneous Revenues- Program Revenue | |
| 437990001 | State Share Title IV-D Collections | |
| 437990002 | Cost Settlement Refunds | |
| 437990003 | Program Validation Refund | |
| 437990004 | Blood Test Reimbursement | |
| 437990005 | Counsel Fee Judgment | |
| 437990006 | Guaranteed Minimum Payment | Guaranteed minimum payment to a Services for the Blind concession stand operator. |
| 437990007 | Profits on Business Enterprise Stand | Profits received on a Services for the Blind concession stand operated by Business Enterprise section. Profits and losses must be reported separately. |
| 437990008 | Losses on Business Enterprise Stand | Losses incurred on a Services for the Blind concession stand operated by Business Enterprise section. Profits and losses must be reported separately. |
| 437990009 | Other Losses on Concession Stands | Local operator losses not covered by the guaranteed minimum payment incurred on a Services for the Blind concession stand. |
| 437990010 | Pay Telephone Commissions | |
| 437990011 | Questioned Costs Refunds | |
| 437990012 | Willie M Refunds | |
| 437990013 | Thomas S Refunds | |
| 437990014 | Vaccine Negligence - Federal 60% | |
| 437990015 | Vaccine Negligence - State 40% | |
| 437990016 | Questioned Cost-At Risk Children | |
| 437990017 | Questioned Cost-Mental Retardation/Mental Illness | |
| 437990018 | Counsel Appointment Fee | |
| 437990019 | Social Security Administration - Recoupments | |
| 437990020 | Fish Kill Proceeds | |
| 437990021 | NC Housing Finance Refund | |
| 437990022 | Basic Support Program Income | |
| 437990023 | LME/MCO Receipts | |
| 437990024 | Prepaid Ambulatory Health Plan Contract Medical Loss Ratio Revenue | |
| Account | Title |
|---|---|
| 437991 | Other Miscellaneous Revenues - Nonoperating - Program Revenue Used by proprietary funds to record nonoperating miscellaneous revenue. |
| 437992 | Imprest/Petty Cash Re-Deposit |
| 437993 | Electronic and Digital Transaction Fee The fee an agency may charge to cover the costs of permitting a person to complete a transaction through the World Wide Web or other means of electronic access. Note: This account is classified as Fees rather than miscellaneous revenue for year end financial reporting. |
| 437994 | Returned Check Fee Note: This account is classified as Fees rather than miscellaneous revenue for year end financial reporting. |
| 437995 | Other Miscellaneous Revenue - General Revenue To account for miscellaneous revenues not generated by any program. |
| 437996 | National Mortgage Settlement To account for the settlement funds received by the State pursuant to the Consent Judgment in U.S. v. Bank of America, Civil Action No. 12‑CV‑0361, dated April 4, 2012. This account is classified as a miscellaneous revenue, and for proprietary fund accounting, this is a nonoperating revenue. Account 437996 should only be used by primary government agencies and not by component units. Please see acct 432906 State aid-National Mortgage Settlement which has been established for component units. |
| 437997 | Settlements To account for any settlement funds received. This account is classified as a miscellaneous revenue, and for proprietary fund accounting, this is a non-operating revenue. Use account 437121 for Payback settlements. |