NCFS Chart of Accounts Sortable by Type

This account is to be used when an agency has a Money Market Fund at a financial institution. Money Market Funds are in effect an open-ended Mutual Fund that invests in various highly liquid securities. Such funds usually offers check writing privileges but funds are not federally insured.

This account consists of funds operated by an investment that raises money from shareholders and invests it in stocks, bonds, options, commodities, or money market securities. These funds offer the investor the advantage of diversification and professional financial management.

To account for investments with a company operating a Real Estate Investment Trust (REIT). A portfolio of real estate is managed in order to earn profits for its shareholders. The investment in these REIT's represent a share of ownership in the trust, not a parcel of real estate.

This account consists of investments in limited partnerships. Public limited partnerships are typically sold through brokerage firms where as private limited partnerships are put together with fewer than 35 limited partners who invest more than $20,000 each. Some typical limited partnerships are in real estate, oil and gas, movie financing, research and development, and venture capital.

An agreement in which a broker-dealer or financial institution (buyer-lender) transfers cash to a governmental entity (seller-borrower); the entity transfers securities to the broker-dealer or financial institution and promises to repay the cash plus interest in exchange for the same securities.

Residual cash, along with various investments, are components of an investment account maintained by a fiscal agent. Residual cash is that minor portion of the account which is not invested or any particular moment in time. Residual cash is not the amount of total funds given to the fiscal agent for investing. This account is used only for the residual cash that the fiscal agent does not have tied up in investments at June 30.

This account includes various investments in an investment account maintained by a fiscal agent.

This account is to be used when the fund that the university places with a bank are pooled together with other depositors' money and these funds are invested in investment pools that are managed and operated by the banks (e.g.: life income pools). The internal investments pools reported under this account are not openly traded mutual funds.

A security created using the underlying cash flows from mortgage-backed securities as collateral. A CMO shifts the uncertainty regarding the exact timing of principal return in a mortgage-backed security. This uncertainty exists because the timing of mortgage principal payments is influenced by changes in interest rates, the current economic climate, and the geographic makeup of loans.

Restricted Investments

This account is used to record the adjustment from cost to fair value for investments outside the State Treasurer and not held by a fiscal agent.

This account consists of investments that do not meet the definition of the above identified accounts.

Allowance-Fair Value Restricted Investments

Other Investments (Outside the State Treasurer)

A derivative instrument that is entered primarily for the purpose of obtaining income or profit, or a derivative instrument that does not meet the criteria of a hedging derivative instrument. See acct 129700 for a definition of hedging derivatives.

This account consists of the Retirement System’s investments (cost basis) associated with its units of ownership in the Treasurer’s Pool. This acct will roll with Pooled Investments-current.

This account consists of the Pension Funds' Investments (cost basis) associated with its units of ownership in the Treasurer's Pool. (For Pensions Only)

This account should be used by the State Treasurer only.

This account consists of long term fixed income investments of participants other than the seven pension plans which make up the North Carolina Retirement System.

This account consists of equity security investments of participants other than the seven pension plans which make up the North Carolina Retirement System.

This account consists of the Pension Fund's Investments (cost basis) associated with its units of ownership in the Treasurer's pool. (For Pensions Only)

This account consists of the Pension Fund's investments (cost basis) associated with its units of ownership in the Treasurer's pool.

This account consists of the General and Highway Funds' investments (cost basis) associated with its units of ownership in the Treasurer's pool.

An investment fund with the State Treasurer consisting of investments in inflation linked bonds, timberlands, commodities, and other assets that are acquired for the primary purpose of providing protection against risks associated with inflation. The enabling legislation for this fund is from G.S. 147-69.2(b)(9a) authorizing alternative investments up to $100,000,000 not  exceeding 5% of the market value of all invested assets of the Retirement Systems.

An investment fund with the State Treasurer consisting of investments in obligations and other debt securities including debt securities convertible into other securities. The enabling legislation for this fund is from G.S. 147-69.2(b)(6c) authorizing alternative investments up to $100,000,000 not  exceeding 5% of the market value of all invested assets of the Retirement Systems.  For year-end GAAP financial reporting, this account is classified with the pooled investment fund accounts of the State Treasurer.