Section Rev 2206.03 - Fund Equity Residual interest in the assets of a fund that remains after deducting its liabilities shall be classified as follows:
(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, 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, 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;(d) Account 2490, assigned fund balance, in the general fund 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, 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, county contributed capital, classification shall be for permanent contribution by a county to a proprietary fund;(g) Account 2620, other contributed capital, classification shall be for permanent contributions by entities other than the county 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 2206.03
#5455, eff 8-28-92; ss by #6808, eff 7-21-98; ss by #8687, eff 7-21-06
Amended byVolume XXXIV Number 33, Filed August 14, 2014, Proposed by #10652, Effective 8/8/2014, Expires8/8/2024.