N.H. Admin. Code § Rev 1107.05

Current through Register No. 50, December 12, 2024

Section Rev 1107.05 - Function Code 5000: Other Outlays

(a) Function code 5100, debt service, classification shall be used for servicing of debt of the LEA, including payments of both principal and interest, further classified as follows:

(1) Function code 5110, principal, classification shall be used for the principal portion of loan payments; and

(2) Function code 5120, interest, classification shall be used for the interest portion of loan payments.

(b) Function code 5200, fund transfers, classification shall be used for transactions which withdraw money from one fund and place it in another without recourse, as follows:

(1) Function code 5210, transfer to general fund, classification shall be used for transfers authorized by RSA 33:3-a from the capital projects fund and transfers authorized by RSA 35:15 from capital reserve funds to the general fund;

(2) Function code 5220, transfer to special revenue funds, classification shall be used for transfers of federal grants and other reimbursements from the general fund to special revenue funds, further classified as follows:

a. Function code 5221, transfer to food service fund, classification shall be used for transfers to the food service fund appropriated or duly authorized; and

b. Function code 5222, transfer to all other special revenue, classification shall be used for transfers to all other special revenue funds;

(3) Function code 5230, transfer to capital projects funds, classification shall be used for transfers authorized by RSA 35:15 from the capital reserve fund to capital projects funds; and

(4) Function code 5250, transfer to trust and fiduciary funds, classification shall be used for transfers further classified as follows:

a. Function code 5251, transfer to capital reserve fund, classification shall be used for transfers authorized by RSA 35:5 from the general fund to capital reserve funds;

b. Function code 5252, transfer to other expendable trust fund, classification shall be used for transfers to expendable trust funds;

c. Function code 5253, transfer to non-expendable trust fund, classification shall be used for transfers to non-expendable trust funds; and

d. Function code 5254, transfer to fiduciary fund, classification shall be used for transfers appropriated or duly authorized.

(c) Function code 5300, intergovernmental agency allocations, classification shall be used for funds paid as follows:

(1) Function code 5310, allocations to charter schools, classification shall be used for transfers to an approved charter school not operated by the LEA; and

(2) Function code 5390, allocation to other governmental agencies, classification shall be used for transfers to other governmental agencies.

(d) Revenues shall be allocated to the appropriate funds when received, and shall not be accepted in the general fund and later transferring them.

N.H. Admin. Code § Rev 1107.05

#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