Section Rev 2006.03 - Fund Equity and Other Credits The fund equity and other credits, classification shall be used for residual interest in the assets of a fund that remains after deducting its liabilities classified into the following accounts:
(a) Account 2440, nonspendable fund balance, classification shall be for segregation of a portion of a fund balance for non-cash items such as inventories or prepaid items;(b) Account 2450, restricted fund balance, classification shall be for segregation of a portion of a fund balance set apart for funds legally restricted such as, but not limited to, a grant;(c) Account 2460, committed fund balance, classification shall be for segregation of a portion of a fund balance set apart by the legislative body for a particular purpose, such as, but not limited to, the unexpended portion of a non-lapsing special warrant article, capital reserve, or expendable trust fund;(d) Account 2490, assigned fund balance, in the general fund classification shall be for segregation of a portion of a fund balance for a specific future use such as, but not limited to, commitments related to unperformed contracts or encumbrances;(e) Account 2530, unassigned fund balance, in the general fund shall be for the unassigned residual interest in the assets of a fund that remains after deducting its liabilities, but shall only be used for a deficit in all other funds;(f) Account 2610, village district contributed capital, classification shall be for permanent contribution by a village district to a proprietary fund;(g) Account 2620, other contributed capital, classification shall be for permanent contribution by entities other than the village district to a proprietary fund; and(h) Account 2790, retained earnings, classification shall be for the accumulated earnings of a proprietary fund.N.H. Admin. Code § Rev 2006.03
#5454, eff 8-28-92; ss by #6809, eff 7-21-98; ss by #8686, eff 7-21-06; ss by #10675, eff 9-24-14 (from Rev 2007.03 )
Amended byVolume XXXIV Number 41, Filed October 9, 2014, Proposed by #10675, Effective 9/24/2014, Expires9/24/2024.