NCFS Chart of Accounts Sortable by Type

This account is used by component units to record amounts due from the primary government that are restricted as to use for other than current operations or are designated for expenditure in the acquisition or construction of noncurrent assets.  Universities will use this account to reflect the Higher Ed bond money due from the state.

To record amounts due from state component units that are restricted as to use for other than current operations or are designated for expenditure in the acquisition or construction of capital assets. This account will be used by both primary government agencies and component units to record amounts due from state component units for capital grants.

Advances To General Fund

Advances To Special Revenue Fund

Advances To Capital Improvement Fund

Advances To Enterprise Fund

Advances To Internal Service Fund

Advances To Pension Trust Fund

Advances To Agency Fund

This account includes the authorized transfer of moneys to a Primary Government Agency from a Component Unit (i.e., a transfer from a university to a primary government agency).

This account includes the authorized transfer of moneys to a Component Unit from either another Component Unit or a Primary Government Agency (i.e. a transfer from a university or a primary government agency to a community college). This account may not be used to record a transfer between two universities. (See Inter-Agency Receivable - University)

For the noncurrent portion of the beneficial interest defined by GASB Statement No. 81, Irrevocable Split- Interest Agreements. (Only applicable when a third party is the intermediary and the government is a beneficiary.) A beneficial interest is the right to a portion of the benefits from donated resources pursuant to a split-interest agreement in which the donor enters into a trust or other legally enforceable agreement with characteristics that are equivalent to a split-interest agreement, and transfers the resources to an intermediary.

Notes Receivable-Noncurrent

NDSL Loans Receivable - Noncurrent

Other Student Loans Receivable - Noncurrent

Allowance for Uncollectible Notes Receivable

Allowance for Doubtful Accounts - NDSL - Noncurrent

Allowance for Doubtful Accounts - Other Student Loans - 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.

Allow-Doubt Accts-Lease Receivable Noncurr

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.

This account reflects the acquisition value of land owned by the State.  Purchased land is recorded at purchase price plus costs such as legal, recording fees, and land improvements consisting of betterments, other than buildings, that ready land for its intended use and produce permanent benefits. Examples of land improvements include site improvements such as excavation, fill, grading, and utility installation; removal, relocation, or reconstruction of property of others, such as railroads and telephone and power lines; retaining walls.

This account represents the value of the intangible Right to Use lease asset for leased land and permanent easements accounted for under GASB Statement 87, Leases. This account is for use by governmental and proprietary funds, including component units of the State of North Carolina. The value in this account should include all capitalizable costs applicable under GASB Statement 87, Leases. See OSC Statewide Accounting Policy 105.7 and the GASB 87 Financial Reporting Update for further details.

This account includes the acquisition value of permanent structures owned by the State. Buildings purchased or constructed are valued at the purchase or contract price of fixtures attached to and forming a permanent part of such buildings including related signage. Buildings acquired by other than purchase are recorded at appraised value at time of acquisition. (Note: See "Maintenance Policy" for guidelines on determining whether renovations should be capitalized or expensed.)

This account represents the value of the intangible Right to Use lease asset for leased permanent structures accounted for under GASB Statement 87, Leases. This account is for use by governmental and proprietary funds, including component units of the State of North Carolina. The value in this account should include all capitalizable costs applicable under GASB Statement 87, Leases. See OSC Statewide Accounting Policy 105.7 and the GASB 87 Financial Reporting Update for further details.