ctcLink Accounting Manual | 10.30.45.3 Equity Accounts
ctcLink COA Equity Accounts
2022-06-30
Account Type: 3000000-3999999 Equity
Account Classification: 3000000-3099999 Net Investment-Capital Assets
| Account | Account Type | Description |
|---|---|---|
| 3000050 | Investment in General Capital Assets | This account represents the net equity in general capital assets constructed or purchased with governmental fund type resources. Used only in the General Capital Assets Subsidiary Account. |
Account Classification: 3100000-3199999 Other Equity
| Account | Account Type | Description |
|---|---|---|
| 3100002 | Other Equity Budgetary | |
| 3100030 | Accumulated Earnings(Losses) in Proprietary Funds (only in funds 4xx and 5xx) | The balance of this account represents accumulated unrestricted earnings. Used only in enterprise, internal service and private purpose trust funds. |
| 3100160 | Assigned Fund Balance | The balance of this account represents amounts a government intends to use for a specific purpose; intent can be expressed by the Board of Trustees or a person to which the Board of Trustees delegates the authority. |
| 3100165 | Assigned Fund Balance – Working Capital | This account represents the portion of equity assigned by management (Board of Trustees or designee) for working capital purposes. Amounts assigned for working capital are not considered to represent available spendable resources.3 |
| 3100170 | Unassigned Fund Balance | This should be used for amounts available for any purpose. In governmental funds (other than State funds since they are restricted by state appropriation), it represents the excess of nonspendable, restricted, committed and assigned fund balances over total fund balance. |
| 3100190 | Restricted Non-Spendable | This account includes items that cannot be spent because they are either (a) not in spendable form (will not convert to cash soon enough to affect the current period) or (b) are legally or contractually required to be maintained intact (such as the corpus of an endowment fund). |
| 3100191 | Non-spendable Consumable Inventories | The account represents the portion of fund balance that cannot be spent because consumable
inventories do not represent available spendable resources even though they are a
component of fund balance. This account is a contra account for 1030010 Consumable inventories. |
| 3100192 | Nonspendable Student Loans Receivable | The balance of this GL Code represents the portion of fund balance that cannot be spent because student loans receivables do not represent available spendable resources even though they are a component of net current assets. |
| 3100193 | Nonspendable Receivables Long Term | The balance of this GL code represents the portion of fund balance that cannot be spent because net receivables long-term do not represent available spendable resources even though they are a component of net current assets. |
| 3100195 | Restricted Spendable | This account includes amounts constrained to specific purposes by their providers (such as grantors, bondholders, and higher levels of government), through constitutional provisions, or by enabling legislation. |
| 3100230 | Committed Fund Balance | The balance in this account are amounts constrained to specific purposes by the college itself, using its highest level of decision-making authority (Board of Trustees); to be reported as committed, amounts cannot be used for any other purpose unless the Board of Trustees take the same action to remove or change the constraint. |
Account Type: 9000000-9999999 Allocations
Account Classification: 9000000-9999999 Operating and Capital Allocations
| Account | Account Type | Description |
|---|---|---|
| 9000001 | State Operating Allocation | This account is used to record the state operating allocation by fund. This is used to compare state operating expenditures to the allocation. |
| 9000005 | State Capital Allocation | This account is used to record the state capital allocation by fund. This is used to compare state capital expenditures to the allocation. |
Page Manager:
slocke@sbctc.edu
Last Modified: 9/25/23, 2:25 PM
