Section Rev 1105.01 - Classification of Funds(a) Funds shall be classified into 4 categories as follows: (b) Governmental funds shall consist of: (1) General fund, fund code 10, to account for all financial resources of the LEA except those required to be accounted for in another fund;(2) Special revenue funds, fund code 20, including: a. Fund code 21, food service, to account for the proceeds of revenue sources that are legally restricted to expenditure for the purpose of providing food service; andb. Fund code 22, to account for the proceeds of specific revenue sources, other than food service, expendable trusts or major capital projects, that are legally restricted to expenditure for specified purposes; and(3) Capital project funds, fund code 30, to account for financial resources used to acquire or construct capital facilities, other than those financed by proprietary funds and trust funds.(c) Proprietary funds shall consist of the following funds not otherwise accounted for as special revenue funds:(1) Enterprise funds, fund code 60, to account for operations: a. That are financed and operated in a manner similar to private business enterprises where the intent of the governing body is that the expenses, including depreciation, of providing goods or services to the students or general public on a continuing basis are financed or recovered primarily through user charges; orb. Where the governing body has decided that periodic determination of revenues earned, expenses incurred, and net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes; and(2) Internal service funds, fund code 70, to account for the financing of goods or services provided on a cost-reimbursement basis by one department or agency to other departments or agencies of the governmental unit, or to other governmental units.(d) Fiduciary funds, fund code 80, shall be used to account for assets held by a governmental unit in a trustee capacity or as agent for individuals, private organizations, other governmental units, and/or other funds, including: (1) Expendable trust funds, including trust funds established under RSA 31 and capital reserve funds established under RSA 34 and RSA 35;(2) Nonexpendable trust funds established under RSA 31; and(3) Pension trust funds established under RSA 31.(e) Agency funds, fund code 90, shall account for funds held in a custodial capacity by a school district for: N.H. Admin. Code § Rev 1105.01
#5072, eff 2-21-91, EXPIRED 2-21-97
New. #6476, eff 3-26-97; ss by #6869, eff 10-20-98; ss by #8306, eff 3-22-05; ss by #10304, eff 3-22-13