NCFS Chart of Accounts Sortable by Type

This account represents an agency's share of revenues which have been appropriated from the State's General Fund by the Legislature for capital improvements but have not been released by the Office of State Budget and Management.

This account is used to convert the budgetary bond transactions in the capital projects budget codes to GAAP basis.

The types of securities issued by the U.S. Treasury and other U.S. governmental agency, i.e., Federal Home Loan Bank, Federal Loan Bank, Government National Mortgage Association (GNMA), and Federal National Mortgage Association (FNMA). Examples of the types of securities classified within this control would be notes, bonds, or other debt instruments which are issued by these US governmental agencies.

This account consists of notes, bonds, or other debt instruments issued by any State or its political subdivision (county, city, etc.).

Securities reported within this account are bonds issued by a U.S. corporation. Some examples of these types of bonds are debentures (unsecured bonds) and convertible debentures (convertible bonds). The convertible debenture will be recorded to this account until it is converted to stock.

The types of securities reported in this account usually represent ownership interest possessed by shareholders in a U.S. corporation. Some common examples of these types of securities are common stock, preferred stock, and convertible preferred stock.

An agreement in which a governmental entity (buyer-lender) transfers cash to a broker-dealer or financial institution (seller-borrower); the broker-dealer or financial institution transfers securities to the entity and promises to repay the cash plus interest in exchange for the same securities. These agreements usually involve federal government obligations and are often executed on an overnight basis.

This instrument is a short-term obligation with a maturity that can range from 2 to 270 days which is issued by banks, corporations, and other borrowers to investors with temporarily idle cash. Such instruments are unsecured and usually discounted, although some are interest bearing. This type of instrument can be issued directly or through a broker. Almost all commercial paper is rated as to credit risk by rating services.

Bankers' acceptances which generally are created based on a letter of credit issued in a foreign trade transaction. Bankers' acceptances are short-term, non-interest-bearing notes sold at a discount and redeemed by the accepting banks at maturity for face value.

A form contract sold by life insurance companies that guarantees a fixed or variable payment to the annuitant at some future time usually at retirement.

This account is to be used to record land and all physical property related to it that is owned by state agencies and universities for investment purposes (e.g., endowment fund properties).

The type of securities reported in this account are bonds issued by a corporation whose corporate charter and main corporate headquarters are located outside the United States. Examples of these types of bonds are debentures (bonds) and convertible debentures (bonds).

The type of securities reported by this account are notes, bonds, or other debt instruments issued by governments outside the United States.

The type of securities reported by this account are stocks issued by a corporation whose corporate charter and main corporate headquarters are located outside the United States. Examples of these types of stock are common, preferred, and convertible preferred.

To account for all certificates of deposits (CD's) which are either negotiable or non-negotiable.

These are agreements with banks for the deposit of money at a fixed rate for a period of time prescribed by the agreement or bond resolution.

This account is to be used for a deposit of money into a contract that guarantees the funds to earn a fixed rate for a fixed period of time normally ranging from 1, 3, or 5 years. The deposits in these contracts can be subject to federal insurance.

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.

These are funds operated by an investment company 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 parcel of real estate.

This account consists of investments in limited partnerships. Public limited partnerships are typically sold through brokerage firms whereas private limited partnerships are put together with fewer than 35 limited partners who invest more than $20,000 each. Some typical limited partnership 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 investment at June 30.

This account includes only those amounts in a fiscal agent account that are actually invested at June 30.

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 banks (e.g.: life income pools). The internal investment pools reported under this control are not openly traded mutual funds.