40.10.20 Inter-Fund Equity Balance Transfer

40.10.20 Inter-Fund Equity Balance Transfer

Equity transfers

Equity transfers are similar to inter-fund transfers but are used when a fund/class/department is being closed and the remaining equity in the fund is transferred to another fund.

Equity transfers between funds are allowed in all non-treasury (local) funds except Funds 149, 790, 840, 841, 997 and 999 and NOT allowed in any state funds!

Equity transfers between 149 and other local funds is not permitted.

Illustrative Entries

Equity Transfer Out

Fund	Class	Dept	Method	Subsid	Acct DR	Acct CR
146	1cc	ddddd	Journal Entry	148000	4030155	1000199

Equity Transfer In

Fund	Class	Dept	Method	Subsid	Acct DR	Acct CR
148	0xx	ddddd	Journal Entry	146000	1000199	4030145

Illustrative Entries

Equity Transfer Out

Fund	Class	Dept	Method	Subsid	Acct DR	Acct CR
146	1cc	ddddd	Journal Entry	148000	4030155	1000199

Equity Transfer In

Fund	Class	Dept	Method	Subsid	Acct DR	Acct CR
148	0xx	ddddd	Journal Entry	146000	1000199	4030145