Search results for restricted cash

Cash Receipting

… Cash Receipting Body 3 Accounting 3.6 Revenues 3.6.1 Cash Receipting 3.6.1.10 Cash receipting is a very important function of all governments. … physically safeguarded during the operating day and secured in a safe or vault overnight. Access to the cashiering area should be appropriately restricted whenever possible. 9. Access to the safe or vault should be limited and combination should be changed periodically. In addition, the … physically safeguarded during the operating day and secured in a safe or vault overnight. Access to the cashiering area should be appropriately restricted whenever possible. 9. Access to the safe or vault should be limited and combination should be changed periodically. In addition, the …

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Statement of Cash Flows

… Statement of Cash Flows Body 4 Reporting 4.5 Statement of Cash Flows 4.5.10 The government must present a statement of cash flows for proprietary funds. The … construction, or improvement, including capital lease repayments. Borrowings to finance program loans. Grant proceeds not specifically restricted to capital purposes. Grant payments (both capital and otherwise) to other governments. Transfers to and from other funds (except when a … construction, or improvement, including capital lease repayments. Borrowings to finance program loans. Grant proceeds not specifically restricted to capital purposes. Grant payments (both capital and otherwise) to other governments. Transfers to and from other funds (except when a …

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Note X – Restricted Component of Net Position

… Note X – Restricted Component of Net Position Body Note X – Restricted Component of Net Position The government-wide statement of net position reports $____________ of restricted component of net position, of which $____________ is restricted by enabling legislation. Instructions to preparer: The governments …

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Proprietary Funds Financial Statements

… statements for proprietary funds: Statement of net position, Statement of revenues, expenses, and changes in fund net position, and Statement of cash flows (see Statement of Cash Flows ). Proprietary funds are presented using the economic resources measurement focus and the full accrual … of compensated absences, claims, and judgments, etc. 4.3.4.40 Any asset that normally would be available for use in operations but which use is restricted by externally enforceable constrains should be reported as restricted assets . Examples: cash held by a trustee in escrow for future debt service payments, assets that are restricted for the acquisition or …

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Note 1 – Summary of Significant Accounting Policies

… use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements or a particular function or segment. Internally dedicated resources are reported as … statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenue in the year in which they are levied. Grants and similar items are recognized as revenue as … a cash equivalent. For purposes of the statement of cash flows, the ( city/county/district’s ) considers all highly liquid investments (including restricted assets) with a maturity of three months or less when purchased to be cash equivalents. 2. Investments   It is the ( …

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Note X – Segment Information

… to other funds or component units should be reported separately. Total deferred inflows of resources. Total net position ‑ distinguishing among restricted (separately reporting expendable and nonexpendable components); unrestricted; and amounts of net investment in capital assets. c. Condensed statement of revenues, expenses, and changes in net position: 1. … and extraordinary items 7. Transfers 8. Change in net position 9. Beginning net position 10. Ending net position d. Condensed statement of cash flows: 1. Net cash provided (used) by: Operating activities Noncapital financing activities Capital and related financing activities …

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GAAP Versus Cash Basis Reporting

… GAAP Versus Cash Basis Reporting Body 4 Reporting 4.1 Reporting Principles and Requirements 4.1.7 GAAP Versus Cash Basis Reporting 4.1.7.10 Approximately 20 percent of local governments – the largest and most complex in the state – report financial information in accordance with generally accepted accounting principles (GAAP). All other local governments report on a cash basis as prescribed in the Budgeting, Accounting, and Reporting System (BARS) Manuals. 4.1.7.20 Under authority of RCW 43.09.200 , the …

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Determining Operating, Nonoperating Revenues and Expenses in Proprietary Funds

… revenue/expense result from the fund’s principal purpose , and (2) is the revenue/expense allowed to be considered operating on the statement of cash flows [again, this is a guideline, not a requirement]. 1.5.40 The operating nature of revenue is derived from the source of the revenue NOT … revenues/expenses, including: Operating grants and contributions (both received and made) and grants and contributions that are not restricted to either operating or capital. Capital grants are always excluded. [Grants that are essentially the same as a contract for services, … Exchange-like transaction revenues, such as passenger facility charges, certain tap fees, certain developer contributions and certain grants when restricted for capital or non-capital financing purposes. Property or other tax revenues. Gains or losses on sales of capital assets. Interest and …

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Imprest, Petty Cash and Other Revolving Funds

… Imprest, Petty Cash and Other Revolving Funds Body 3 Accounting 3.8 Expenditures 3.8.8 Imprest, Petty Cash and Other Revolving Funds 3.8.8.10 Purpose Guidance in this section applies to petty cash, imprest accounts, working funds, advance travel, stamp funds, change funds, or any other revolving funds set aside for facilitating minor …

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Intergovernmental and Forgivable Loans

… for a permanent diversion of funds. Lender Accounting for Intergovernmental Loans Loan issued: Intergovernmental Loans Receivable  $100,000    Cash    $100,000  Loan repaid: Cash  $102,000    Intergovernmental Loans Receivable    $100,000  Interest Revenue    $2,000  Recipient Accounting … The exact grant code will depend on which agency awarded the funding and whether it was a direct or indirect award. This entry also results in restricted fund balance/net position because the grant revenue is restricted. Loans are created:  Loans Receivable  $5,000    Cash    $5,000  The full amount of the grant revenue continues to be reported as …

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Note X – Deposits and Investments

… that were exposed to custodial credit risks are: -OR- B. Investments [2] It is the ( city/county/district’s ) policy to invest all temporary cash surpluses. The interest on these investments is prorated to the various funds ( or if not prorated, explain your unique circumstances ). [3] … basic financial statements. Disclosure is limited to types of investment held at year-end. [1]  The following disclosures are required regarding cash deposits with financial institutions: Legal and contractual provisions regarding deposits; Policies governing deposits; Exposure to custodial … the government’s plans to sell and any remaining actions required to complete the sale. Return to Reference 6 [7]  Optional disclosure for cash and investments reconciliation. There is no requirement to reconcile the disclosures required for cash equivalents or deposits and …

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Statement of Net Position

… presented either in order of their relative liquidity or in the classified format. Liquidity describes how readily an asset can be converted into cash. Liquidity may also depend on whether there are restrictions limiting the use of those resources. Restricted assets should also be analyzed in terms of their liquidity and placed accordingly in the financial statement. The statement’s lines are … how readily an asset can be converted into cash. Liquidity may also depend on whether there are restrictions limiting the use of those resources. Restricted assets should also be analyzed in terms of their liquidity and placed accordingly in the financial statement. The statement’s lines are …

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BARS Account Exports

… of BARS codes in fund types as well as export a chart of accounts specific to a government type. BARS Codes to Fund Type BARS codes may be restricted for use in the annual report filing system. The following matrix “Codes to Funds” identifies which fund group(s) that each active BARS … of accounting The basis of accounting selection will limit the BARS accounts that are applicable to the basis of accounting selected (GAAP or Cash). If all is selected, the export will include all the BARS codes regardless of their applicability to a specific basis. Select export type … of BARS codes in fund types as well as export a chart of accounts specific to a government type. BARS Codes to Fund Type BARS codes may be restricted for use in the annual report filing system. The following matrix “Codes to Funds” identifies which fund group(s) that each active BARS …

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Interfund Loans

… thumb, however, it may be considered permissible to make interfund loans of those moneys which are clearly inactive or in excess of anticipated cash needs throughout the duration of the loan and legally available for investment. Interfund loans can only be done within the primary … the General Fund an amount to other governmental or proprietary funds in lieu of a permanent transfer or contribution (for example, loans of unrestricted General Fund monies). Lending of General Fund monies would require the same repayment schedule as described below. 3.9.1.20 The minimum … the General Fund an amount to other governmental or proprietary funds in lieu of a permanent transfer or contribution (for example, loans of unrestricted General Fund monies). Lending of General Fund monies would require the same repayment schedule as described below. 3.9.1.20 The minimum …

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Refunding Debt

… aside for payment of refunded debt must be irrevocably placed with an escrow agent in a trust. The escrow agent invests the proceeds so that the cash realized from the maturing investments together with interest earned will meet the debt service requirements of the refunded (old) debt and … account depending if the refunding (new) debt was issued at premium or discount. [3] Use this entry if there are funds available in various restricted assets accounts for payment of refunded (old) debt. Crossover method of advance refunding 3.4.4.130 In this type of refunding the … account depending if the refunding (new) debt was issued at premium or discount. [3] Use this entry if there are funds available in various restricted assets accounts for payment of refunded (old) debt. Crossover method of advance refunding 3.4.4.130 In this type of refunding the …

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Internal Service Funds

… required are a statement of net position (or balance sheet), statement of revenue, expenses, and changes in fund net position, and statement of cash flows. 3.9.6.40 Prior to establishing a new fund, a review of existing state laws and regulations should be conducted to ensure the legality … report capital assets – thus, no entry is required. Receiving fund 3.9.6.60 If the contributed nonmonetary assets were originally acquired with restricted resources, the government must monitor their usage and disposal to assure that one fund does not benefit from another (RCW 43.09.210 ). … report capital assets – thus, no entry is required. Receiving fund 3.9.6.60 If the contributed nonmonetary assets were originally acquired with restricted resources, the government must monitor their usage and disposal to assure that one fund does not benefit from another (RCW 43.09.210 ). …

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Note X – Major Component Units

… payable to the primary government should be reported separately; Total deferred inflows of resources; Total net position distinguishing among restricted (separately reporting expendable and nonexpendable components); unrestricted; and amounts of net investment in capital assets. b. Condensed statement of activities (for units engaged in governmental activities): … Special and extraordinary items; Transfers; Change in net position; Beginning net position; and Ending net position. Condensed statement of cash flows is not required. If the city/county/district has major component units separate information may also need to be presented in the notes …

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Limitation of Indebtedness

… contracting the debt (RCW 39.36.010 , RCW 39.36.015 and RCW 84.52.080 ). 3.10.5.100 What assets are available to pay debt? Include all applicable cash and cash equivalents available for the payment of general obligations. This includes cash in debt service funds that are reserved for the … obligation debt. Generally, cash outside of debt service funds is used to meet current obligations. Do not include cash or investments that are restricted for other than debt payment purposes. Do not include cash or investments that will be used to make interest payments during the initial … obligation debt. Generally, cash outside of debt service funds is used to meet current obligations. Do not include cash or investments that are restricted for other than debt payment purposes. Do not include cash or investments that will be used to make interest payments during the initial …

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Fund Accounting and Fund Types

… be organized and operated on a fund basis. A fund is defined as a fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, which are … reporting. Code 100 - Special Revenue Funds – should be used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditures for specific purposes other than debt service or capital projects. Restricted revenues are resources externally restricted by creditors, grantors, contributors or laws or regulations of other governments or …

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Pensions

… Step 2 – Calculate your numbers 3.4.2.60 Step 3 – Year-end balances: journal entries for ending balances of collective pension amounts 3.4.2.63 Restricted net position 3.4.2.67 Allocation of pension amounts to funds and activities 3.4.2.90 Non-governmental pension plans 3.4.2.100 Local … rates already include the state contribution per RCW  41.26.450 . 3.4.2.45  Overview of journal entries Annual pension expense is not the cash contributions made to the plans. Contributions are a reduction of the pension liability. The pension accounting standards do not change … outflows/inflows is expected to change each year. The effect of that change should be calculated at the  beginning  of the period. 3.4.2.63  Restricted net position All plans with a net pension asset should have a corresponding restricted net position. There are three methods for …

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Net Position

… Net position should be displayed in three categories which focus on the accessibility of the underlying assets: Net investment in capital assets Restricted Unrestricted Net investment in capital assets 4.2.8.20 The net investment in capital assets category of a government’s net position represents the … of capital asset related items. The amount should be calculated as follows: Capital asset balances in the statement of net position (including restricted capital assets, tangible and intangible capital assets), Minus accumulated depreciation (if capital assets are not reported net), and …

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Transportation Benefit Districts (TBD)

… to the creating city/county as contract expenditure. Under this typical model the TBDs would not have any direct expenditures or hold any cash or assets. 3.11.1.70 Accounting for revenues and expenditures The TBD’s revenues should be accounted for as BARS code 3176000 for car tab … reporting by creating city/county TBDs should be reported in the financial statements of their creating city/county as follows: 3.11.1.80 Cash basis cities/counties: The TBD should be reported in the city/county’s annual report as a fiduciary custodial fund. Also, the city/county as … to the creating city/county as contract expenditure. Under this typical model the TBDs would not have any direct expenditures or hold any cash or assets. 3.11.1.70 Accounting for revenues and expenditures The TBD’s revenues should be accounted for as BARS code 3176000 for car tab …

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Note X – Property Tax

… 31, and you do not accrue estimated collections for January and February, use the following sentence. Property tax revenues are recognized when cash is collected. The amount of taxes receivable at year-end that would be collected soon enough to be available to pay liabilities of the … of (total/personal) property taxes receivable at year-end. Cities with firemen's pension funds should add the following paragraph, if the levy is restricted to the firemen's pension fund. The city is also authorized to levy $.45 per $1,000 of assessed valuation for the firemen's pension … of (total/personal) property taxes receivable at year-end. Cities with firemen's pension funds should add the following paragraph, if the levy is restricted to the firemen's pension fund. The city is also authorized to levy $.45 per $1,000 of assessed valuation for the firemen's pension …

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Overhead Cost Allocation

… 3.9.5 Overhead Cost Allocation Quick Links  3.9.5.10 Overhead costs 3.9.5.20 Laws and requirements applicable to cost allocations 3.9.5.40 Unrestricted Vs. restricted revenues 3.9.5.60  General government staff costs allocated to funds with restricted revenues 3.9.5.90 Overhead allocation plans  3.9.5.10 Overhead costs consist of the costs of central services or support functions …

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Bond Coverage for Public Officials and Employees

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Statement of Activities

… or general revenues. Program revenues are generated directly by the program itself. Non-exchange revenues (except taxes) are program revenues if restricted to a specific program(s) or if unrestricted, should be reported as general revenue . Taxes are always general revenues even if restricted to a specific program. Revenues from the government itself are usually general revenues (e.g., revenues from investments). Program …

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Bank Reconciliations

… 3.1. Accounting Principles and Internal Controls 3.1.9 Bank Reconciliations 3.1.9.5 Purpose The purpose of a bank reconciliation is to compare cash and investment balances and activity (also known as a “proof of cash”) according to the bank to the government’s accounting records and reconcile or follow up on any differences. Depending on the government’s … government accounts, which are later aggregated as part of a global reconciliation. Bank reconciliations are a necessary control to safeguard cash against fraud and losses, and to ensure the accuracy of accounting records. A reconciliation of cash activity is necessary to demonstrate …

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Property Transfers

… it should be paid for at its full value by the fund which receives it. This requirement applies only if the capital assets were acquired with restricted resources. The following rules are intended to clarify the application of this statute and provide other guidance related to the … are contributed or transferred within the government, the assets must be recorded at book value. If governments transfer assets acquired with restricted resources, they must track their usage and disposal to assure that one fund is not benefitting from another. The transfer of assets … service fund must be approved by the local government’s legislative body. 2. The transfer of general capital assets (originally purchased with unrestricted resources) between two governmental funds of the same government should be accounted for merely as a change in location and/or …

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Use of Payroll and Claims Funds

… Such funds provide an additional check as part of the bank reconciliation process and provide visibility to the amount of outstanding items for cash management purposes. 3.8.6.20 Budgeting Payroll and claims clearing funds are not budgeted because they represent an additional internal … more details see BARS Account Export . 3.8.6.50 The clearing funds are not operating funds, so accounting entries should be limited to beginning cash and investments, nonrevenues for cash transferred from other funds when warrants (or other disbursements) are issued, nonexpenditures for redemptions and ending cash and …

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Governmental Funds Financial Statements

… acquired for resale. However, if the use of the proceeds from the collection of the receivables, loans, or from the sale of properties is restricted, committed, or assigned, then they should be included in the appropriate fund balance classification (restricted, committed, or assigned), rather than nonspendable fund balance. Restricted – These are amounts remaining from resources received from external parties that can be spent only for the specific purposes designated …

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Deposits and Investments

… Public Funds Investing for Local Governments . In addition to restrictions imposed by state law, investments of local governments may be further restricted by policy, contract or regulation. For example, debt covenants or arbitrage requirements may restrict investment of bond proceeds. … Public Funds Investing for Local Governments . In addition to restrictions imposed by state law, investments of local governments may be further restricted by policy, contract or regulation. For example, debt covenants or arbitrage requirements may restrict investment of bond proceeds. …

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Note X – Derivative Instruments

… [2] Type Objective Notional Amount Effective Date Maturity Date Terms Counter Party Rating                                           C. Net Cash Flows of Derivatives Hedging Debt The following table displays the ( city/county/district ) net cash flows of derivatives hedging debt: Year Ending December 31 Principal Interest Hedging Derivatives, Net Total 20__         20__         20__   … activity. The following section discusses these requirements for all derivative types. They include disclosures for hedging derivatives for cash flows and fair value and investment derivatives. Governments need only disclose those areas that are applicable to them. The disclosures are: …

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Utility Tax

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Sweeping Interest and Investment Returns into General Fund

… Based on the current economic environment in which they operate, local governments are actively looking for ways to generate additional unrestricted revenues, so often there are questions regarding the transfer of interest income associated with certain revenues to the general fund … fund 3.2.3.50 Again, the statutes listed above are not meant to provide an exhaustive list of all revenues where the allocation of interest is restricted. It is the county’s responsibility to carefully review the statutory language governing a particular revenue source to determine … Based on the current economic environment in which they operate, local governments are actively looking for ways to generate additional unrestricted revenues, so often there are questions regarding the transfer of interest income associated with certain revenues to the general fund …

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Note X – Long-Term Debt

… [3] At December 31, 20__, the ( city/county/district ) has $__________ available in debt service funds to service the general bonded debt. Restricted assets in proprietary funds contain $__________ in sinking funds and reserves as required by bond indentures. The ( … government is using only existing resources , the note should include a general description of the transaction (e.g., amount of debt, amount of cash and other monetary assets acquired with existing resources placed with the escrow agent, the reasons for defeasance, the cash flows required … [3] At December 31, 20__, the ( city/county/district ) has $__________ available in debt service funds to service the general bonded debt. Restricted assets in proprietary funds contain $__________ in sinking funds and reserves as required by bond indentures. The ( …

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Revenues, Expenditures and Expenses (Schedule 01)

… on reporting requirements, please see: BARS Manual 4.1.2, Reporting Requirements for GAAP Governments Also see, BARS Manual 4.1.7, GAAP Versus Cash Basis Reporting Also see, BARS Manual 4.1.1, GAAP Reporting Requirements 4.8.1.50 The Schedule 01 should be formatted as follows for upload … & Annual Filing FAQ  page, specifically the Error Guide. MCAG Fund Number Fund Name Account Code Account Title Amount 1234 001 General 3083000 Restricted Beginning 301,200 1234 001 General 3084000 Committed Beginning 125,000 1234 001 General 3085000 Assigned Beginning 78,250 1234 001 … Property Tax 250,056 1234 001 General 3174000 Timber Excise Tax 157 1234 001 General 3698000 Cash Adjustments -15 1234 001 General 5083000 Restricted Ending 259,000 1234 001 General 5084000 Committed Ending 25,000 1234 001 General 5085000 Assigned Ending 35,212 1234 001 General …

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Reporting Year: 2022

… be used by governments providing the court services to another municipality. BARS Account Export 54P (Transportation) Transportation codes are restricted to governmental funds (Exceptions are codes 542.65, 547.10, 546.00, 547.20 ) BARS Account Export 518.61 (Judgments & Settlements) 518.61 (Judgments & Settlements) Restricted to fund types 100, 200, 300, 500, 700. Only to be used by general purpose governments. BARS Account Export 333.45.30 (Federal Indirect … (annual updates). Use of Payroll and Claims Funds 3.8.6 3.8.6.30 – Added information on registered warrants issued by counties. Imprest, Petty Cash and Revolving Funds 3.8.8 3.8.8.20 – Added a new section, bullet 6, for debit and ATM card use. Interfund Loans 3.9.1 3.9.1.10 – Added when …

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Note X – Going Concern

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Suspense Funds

… in the following guidance. 3.6.11.20 Accounting When receipts are temporarily recorded to the suspense fund, the entry should be to increase cash and 3899000, Holding and Clearing Account Transactions . When the correct classification is determined, the original entry should be reversed … 3.1.3, Internal Control for general guidance on internal controls. The following are minimum expected controls for suspense funds: Suspense fund cash should be included in the reconciliation of bank accounts to general ledger. Documentation for each suspended transaction should be retained in a tickler file. Suspended receipts should be resolved in a timely manner. At all times, the amount of cash and revenue recorded in a suspense fund should match the documentation of unresolved suspended receipts in the tickler file. At all times, …

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Purchase Cards

… 3.8.4 Purchase Cards 3.8.4.10 Credit, fuel, prepaid or other forms of purchase cards are commonly used for purchases when appropriate to improve cash management, reduce administrative costs and increase efficiency. 3.8.4.20 In accordance with RCW 43.09.2855 , local governments using credit … credit cards for personal purchases, even if the purchase is reimbursed prior to the date that the bill becomes due. Using credit cards for cash advances, regardless of the purpose.   … 3 Accounting 3.8 Expenditures 3.8.4 Purchase Cards 3.8.4.10 Credit, fuel, prepaid or other forms of purchase cards are commonly used for purchases when appropriate to improve cash management, reduce administrative costs and increase efficiency. 3.8.4.20 In accordance with RCW 43.09.2855 , local governments using credit …

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GAAP Reporting Requirements

… in the government-wide statement of net position. The net position should be reported in three categories: net investment in capital assets, restricted and unrestricted. Statement of Activities 4.1.1.60 The Statement of Activities is a report on the results of the local government’s operations. The … statements for proprietary funds: Statement of Net Position , Statement of Revenues, Expenses and Changes in Fund Net Position , and Statement of Cash Flows 4.1.1.110 Proprietary funds continue to be presented on the economic resources measurement focus and the full accrual basis of …

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Note X – Asset Retirement Obligations (ARO)

… bonds, insurance policies, letters of credit, guarantees by other entities, or trust used for funding and assurance e. The amount of assets restricted for payments of liabilities, if not separately displayed in the financial statements. If an ARO or portions thereof has been incurred … bonds, insurance policies, letters of credit, guarantees by other entities, or trusts used for funding and assurance d. The amount of assets restricted for payment of the government’s minority share of the ARO, if not separately displayed in the financial statements. Example notes: The … bonds, insurance policies, letters of credit, guarantees by other entities, or trust used for funding and assurance e. The amount of assets restricted for payments of liabilities, if not separately displayed in the financial statements. If an ARO or portions thereof has been incurred …

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Pollution Remediation

… outlays required to settle those obligations and should be calculated using current costs. The liability will be calculated using the expected cash flow technique. This method calculates the mean or an average using the sum of probability - weighted amounts in a range of possible … cost scenarios. 25% probability cost will be $150,000 60% probability cost will be $320,000 15% probability cost will be $450,000 Expected cash flow calculation: (.25 x $150,000) + (.6 x $320,000) + (.15 x $450,000) = $297,000 The estimates of the pollution remediation liability need … the expected recovery is realizable they should include the amount in the liability/ expense estimate and separately recognize a receivable (or cash asset if collected). Capitalization of pollution remediation outlays is limited. Except as provided below pollution remediation outlays …

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Assessment Questionnaire (Schedule 22)

… records to substantiate revenue activity and/or all bank statements for the year that compromise the government’s financial activity. 4.8.14.75 Cash Balance Summary – All governments Attach a copy of the year-end County Treasurer (or other fiscal agent) report(s) inclusive of all year-end cash and investment balances. If the government holds funds outside of the County, please upload the first and last months bank statements of the years, inclusive of all cash and investment balances. 4.8.14.80 Detailed Expenditure List – All governments Attach a detailed list of all expenditures for the year. The …

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Utility Surplus Transfers

… first be deducted from the proprietary fund balance: capital asset replacement cost, future capital expansions and improvements and any legally restricted resources. 3.9.3.20 The surplus can be transferred to the general (current expense) fund under the following circumstances: Second … first be deducted from the proprietary fund balance: capital asset replacement cost, future capital expansions and improvements and any legally restricted resources. 3.9.3.20 The surplus can be transferred to the general (current expense) fund under the following circumstances: Second …

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Note X – Construction and Other Significant Commitments

… funds in aggregate. The city/county/district may disclose further breakdown of encumbrances into various fund balance classifications (i.e., restricted, committed, etc.). Disclose any other commitments like purchase (e.g., power, etc.) orders, etc. … Note X – Construction and Other … funds in aggregate. The city/county/district may disclose further breakdown of encumbrances into various fund balance classifications (i.e., restricted, committed, etc.). Disclose any other commitments like purchase (e.g., power, etc.) orders, etc. … Note X – Construction and Other …

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Confidential Funds (Drug Buy Money, Investigative Funds)

… the program under which they were used. 3.8.9.30 The funds authorized should be established in an imprest fund. BARS Manual 3.8.8, Imprest, Petty Cash and Other Revolving Funds prescribes the minimum requirements for the establishment and operation of an imprest fund. In addition to all … should also be maintained. 3. The custodian should receive from the agency or officer authorized to make a confidential payment, a receipt for cash advanced to him/her for such purposes. 4. The agent or officer should receive from the informer a receipt of the following nature: 5. The … the program under which they were used. 3.8.9.30 The funds authorized should be established in an imprest fund. BARS Manual 3.8.8, Imprest, Petty Cash and Other Revolving Funds prescribes the minimum requirements for the establishment and operation of an imprest fund. In addition to all …

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Impact Fees

… to use these contributions for specific purposes (purpose restrictions); therefore, the government should report the resulting net position as restricted until they are used. Asset recognition 3.6.7.70 The local government should recognize accounts receivable when the enforceable claim … to use these contributions for specific purposes (purpose restrictions); therefore, the government should report the resulting net position as restricted until they are used. Asset recognition 3.6.7.70 The local government should recognize accounts receivable when the enforceable claim …

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Certain Grants and Other Financial Assistance

… 84, Fiduciary Activities states that custodial funds are purely custodial. In those cases in which a recipient government serves only as a cash conduit, the grant or other financial assistance should be reported in a custodial fund. Pass-through grants with administrative or direct … financial involvement) be separately evaluated in determining the reporting of pass-through grants. If a recipient government serves only as a cash conduit, it may incur some incidental administrative costs. If a recipient government’s administrative costs are more than incidental that … 84, Fiduciary Activities states that custodial funds are purely custodial. In those cases in which a recipient government serves only as a cash conduit, the grant or other financial assistance should be reported in a custodial fund. Pass-through grants with administrative or direct …

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Note X – Closure and Postclosure Care Cost

… remaining landfill life in years. 5. How closure and postclosure care financial assurance requirements, if any, are being met. Also, any assets restricted for payment of closure and postclosure care costs (if not apparent from the financial statements). 6. The nature of the estimates and … remaining landfill life in years. 5. How closure and postclosure care financial assurance requirements, if any, are being met. Also, any assets restricted for payment of closure and postclosure care costs (if not apparent from the financial statements). 6. The nature of the estimates and …

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