| |
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|
Account
|
Object code
|
Debit
|
Credit
|
|
| 1. Move budget between expense accounts
within same budget group. |
| Intrafund budget adjustment - expense acct. |
|
30-xxxx-xx50
|
9035
|
1,000.00
|
|
| Intrafund budget adjustment - expense acct. |
|
30-xxxx-xx70
|
9035
|
|
700.00
|
| Intrafund budget adjustment - expense acct. |
|
30-xxxx-xx20
|
9035
|
|
300.00
|
| * Transfers between pooled expenses are not necessary.
Neither are transfers between pooled income subs. |
|
| 2. Move budget between income and expense
accounts within same budget group. |
| Budget Adjustment - Current Year Income (9011) or Unallocated
Balance Forward Income (9041) |
|
30-xxxx-xx93
|
9011 or 9041
|
1,000.00
|
|
| Budget - Expenditures - Adjustment |
|
30-xxxx-xx50
|
9021
|
|
500.00
|
| Budget - Expenditures - Adjustment |
|
30-xxxx-xx70
|
9021
|
|
500.00
|
|
| 3. Move budget between income and expense
accounts within same budget group with different sources
from income account -- part Current Year Income (9011) and
part Balance Forward/Budgeted Transfers In (9041). |
| Budget - Estimated Income - Adjustment (Current Year
Income) |
|
30-xxxx-xx93
|
9011
|
400.00
|
|
| Budget - Estimated Income - Adjustment (Balance Forward
/ Budgeted Transfers In) |
|
30-xxxx-xx93
|
9041
|
100.00
|
|
| Budget - Expenditures - Adjustment |
|
30-xxxx-xx50
|
9021
|
|
200.00
|
| Budget - Expenditures - Adjustment |
|
30-xxxx-xx70
|
9021
|
|
300.00
|
|
| 4. Transfer between two unbudgeted budget
groups. |
| Intrafund Transfer Out - Debit |
|
30-xxxx-xx93
|
7466
|
1,000.00
|
|
| Intrafund Transfer In - Credit |
|
30-aaaa-aa93
|
7465
|
|
1,000.00
|
|
| 5. Transfer between two budgeted budget
groups -- income account to income account. |
| Budget - Unallocated Balance - Adjustment |
|
30-xxxx-xx93
|
9041
|
1,000.00
|
|
| Budgeted Transfer - Adjustment (out = credit) |
|
30-xxxx-xx93
|
9031
|
|
1,000.00
|
| Intrafund Transfer Out - Debit |
|
30-xxxx-xx93
|
7466
|
1,000.00
|
|
| Intrafund Transfer In - Credit |
|
30-aaaa-aa93
|
7465
|
|
1,000.00
|
| Budgeted Transfer - Adjustment (in = debit) |
|
30-aaaa-aa93
|
9031
|
1,000.00
|
|
| Budget - Unallocated Balance - Adjustment |
|
30-aaaa-aa93
|
9041
|
|
1,000.00
|
|
| 6. Transfer between budget groups from expense
account in one budget group to income account in second budget
group. |
| Budget - Expenditures - Adjustment |
|
30-xxxx-xx50
|
9021
|
1,000.00
|
|
| Budgeted Transfer - Adjustment (out = credit) |
|
30-xxxx-xx93
|
9031
|
|
1,000.00
|
| Intrafund Transfer Out - Debit |
|
30-xxxx-xx93
|
7466
|
1,000.00
|
|
| Intrafund Transfer In - Credit |
|
30-aaaa-aa93
|
7465
|
|
1,000.00
|
| Budgeted Transfer - Adjustment (in = debit) |
|
30-aaaa-aa93
|
9031
|
1,000.00
|
|
| Budget - Unallocated Balance - Adjustment |
|
30-aaaa-aa93
|
9041
|
|
1,000.00
|
|
| 7. Transfer between budget groups from income
account in one budget group to expense account in second budget
group. |
| Budget - Unallocated Balance - Adjustment |
|
30-xxxx-xx93
|
9041
|
1,000.00
|
|
| Budgeted Transfers - Adjustments (out = credit) |
|
30-xxxx-xx93
|
9031
|
|
1,000.00
|
| Intrafund Transfer Out - Debit |
|
30-xxxx-xx93
|
7466
|
1,000.00
|
|
| Intrafund Transfer In - Credit |
|
30-aaaa-aa93
|
7465
|
|
1,000.00
|
| Budgeted Transfers - Adjustments (in = debit) |
|
30-aaaa-aa93
|
9031
|
1,000.00
|
|
| Budget - Unallocated Balance - Adjustment |
|
30-aaaa-aa50
|
9021
|
|
1,000.00
|
|
| 8. Transfer between budget groups from expense
account in one budget group to expense account in second budget
group. |
| Budget - Expenditure - Adjustment |
|
30-xxxx-xx50
|
9021
|
800.00
|
|
| Budget - Expenditure - Adjustment |
|
30-xxxx-xx70
|
9021
|
200.00
|
|
| Budgeted Transfer - Adjustment (out = credit) |
|
30-xxxx-xx93
|
9031
|
|
1,000.00
|
| Intrafund Transfer Out - Debit |
|
30-xxxx-xx93
|
7466
|
1,000.00
|
|
| Intrafund Transfer In - Credit |
|
30-aaaa-aa93
|
7465
|
|
1,000.00
|
| Budgeted Transfer - Adjustment (in = debit) |
|
30-aaaa-aa93
|
9031
|
1,000.00
|
|
| Budget - Expenditure - Adjustment |
|
30-aaaa-aa50
|
9021
|
|
1,000.00
|
|
| 9. Transfer from Restricted Funds (30s)
to Endowment Funds (57s). |
| 9(a). Addition to Principal |
| Interfund transfer to Endowment A/c 57-eeee-ee20
|
|
30-xxxx-xx93
|
7576
|
10,000.00
|
|
| Interfund transfer from Restricted A/c 30-xxxx-xx93
|
|
57-eeee-ee20
|
7562
|
|
10,000.00
|
| 9(b). Reinvestment |
| Interfund transfer to Endowment A/c 57-eeee-ee20 |
|
30-xxxx-xx94
|
7576
|
15,000.00
|
|
| Interfund transfer from Restricted A/c 30-xxxx-xx94 |
|
Reinvestment of Endowment Income
|
|
|
57-eeee-ee20
|
7512
|
|
15,000.00
|
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Account numbers for the Service Funds (18s), Designated Funds (19s) and
Auxiliary Funds (29s) may be substituted for the Restricted Funds (30s)
used in the above examples with the following exception. For examples
9(a) and 9(b) the interfund (transfers from one fund type to another)
transfer codes would change according to the source of transfer source
of transfer from another fund group.
Please write in the notes of the VT2 if the transfer is between two budget
groups where a Master View problem prohibits the addition of budgeted
transfer adjustment entries. In this case, the accountant will add the
necessary entries.
