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ctcLink Accounting Manual | 40.10.30 Inter-Fund Equity Balance Transfer

40.10.30 Inter-Fund Equity Balance 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

 


40.10.20 Operating Transfers << 40.10.30 >> 40.10.40 Inter-Fund Expenditure Transfers

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Last Modified: 2/22/24, 2:22 PM

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