N.Y. Comp. Codes R. & Regs. tit. 10 § 444.6

Current through Register Vol. 46, No. 45, November 2, 2024

Section 444.6 - FUND BALANCES

[ 3150 ]

(a)NON-PROFIT

[ 3151 ]

(1) UNRESTRICTED FUND BALANCE

(i) 2290

..........................................................................................................

FUND BALANCE

2292

..........................................................................................................

Depreciation Funds

2294

Transfers from Restricted Funds for Capital Outlay

2296

..........................................................................................................

Value of Donated Property, Plant and Equipment

..........................................................................................................

(ii) Unrestricted Fund balances represent the difference between the total of Unrestricted Fund Assets and Unrestricted Fund Liabilities, i.e.,the net assets of the Unrestricted Fund.

(iii) Separate sub-accounts may be maintained for the above when applicable.

(iv) The Transfers from Restricted Funds for Capital Outlay account should be credited for the cost of capital items purchased directly by the Unrestricted Fund with funds from the Plant Replacement and Expansion Fund. The fair market value of donated property, plant and equipment (at the date of donation) should be credited to the Donated Property, Plant and Equipment account. At the end of the year these accounts should be closed out to the Fund Balance account.

(v) Depreciation Funds (account 2292) represents amounts restricted by third-party payors for replacement of specified assets.

(2) PLANT REPLACEMENT AND EXPANSION FUND BALANCE

(i) 2690

..........................................................................................................

FUND BALANCE

2691

..........................................................................................................

Restricted Project Funds

2692

..........................................................................................................

Depreciation Funds

2693

..........................................................................................................

Donor-Restricted Funds

2695

..........................................................................................................

Transfers to Unrestricted Fund for Capital Outlay

2696

..........................................................................................................

Value of Donated Property, Plant and Equipment

2697

..........................................................................................................

Transfers to Operating Fund for Operating Purposes

(ii) The credit balances of these accounts represent the net amount of this restricted fund's assets available for its designated purpose. These accounts must be credited for all income earned on restricted fund assets, as well as gains and losses on the disposal of such assets. If, however, such items are to be treated as Unrestricted Fund income (considering legal requirements and donor intent), the Restricted Fund Balance account should be charged, and the Due to Unrestricted Fund account credited, for such income.

(iii) Depreciation Funds (account 2692) represents amounts restricted by third-party payors for replacement of specified assets.

(iv) Accounts 2695 and 2697 are debit balance accounts and during the year the balance of the accounts would reflect the amounts transferred to the Unrestricted Fund for capital outlay and operating purposes. At the end of the year the balances of these sub-accounts should be closed out to the Fund Balance account.

(v) Account 2696 reflects the fair market value, at the date of donation, of donor-restricted property, plant and equipment.

(3) SPECIFIC PURPOSE FUND BALANCE

(i) 2790

..........................................................................................................

FUND BALANCE

2791

..........................................................................................................

Restricted Project Funds

2793

..........................................................................................................

Donor-Restricted Funds

2795

..........................................................................................................

Transfers to Unrestricted Fund for Capital Outlay

2796

..........................................................................................................

Value of Donated Property, Plant and Equipment

2797

..........................................................................................................

Transfers to Operating Fund for Operating Purposes

..........................................................................................................

(ii) The credit balances of these accounts represent the net amount of this restricted fund's assets available for its designated purpose. These accounts must be credited for all income earned on restricted fund assets, as well as gains on the disposal of such assets. If, however, such items are to be treated as Unrestricted Fund income (considering legal requirements and donor intent), the Restricted Fund Balance account should be charged, and the Due to Operating Fund account credited, for such income.

(iii) Accounts 2795 and 2797 are debit balance accounts and during the year the balance of the accounts would reflect the amounts transferred to the Unrestricted Fund for capital outlay and operating purposes. At the end of the year the balances of these sub-accounts should be closed out to the Fund Balance account.

(iv) Account 2796 reflects the fair market value at the time of donation of donor-restricted property, plant and equipment.

(4) ENDOWMENT FUND BALANCE

(i) 2890

..........................................................................................................

FUND BALANCE

2893

..........................................................................................................

Donor-Restricted Funds

2895

..........................................................................................................

Transfers to Unrestricted Funds for Capital Outlay

2896

..........................................................................................................

Value of Donated Property, Plant and Equipment

2897

..........................................................................................................

Transfers to Operating Fund for Operating Purposes

..........................................................................................................

(ii) The credit balances of these accounts represent the net amount of this restricted fund's assets available for its designated purpose. These accounts must be credited for all income earned on restricted fund assets, as well as gains on the disposal of such assets. If, however, such items are to be treated as Operating Fund income (considering legal requirements and donor intent), the Restricted Fund Balance account should be charged, and the Due to Operating Fund account credited, for such income.

(iii) Accounts 2895 and 2897 are debit balance accounts and during the year the balance of the accounts would reflect the amounts transferred to the Unrestricted Fund for capital outlay and operating purposes. At the end of the year the balance of these sub-accounts should be closed out to the Fund Balance account.

(iv) Account 2896 reflects the fair market value at the time of donation of donor-restricted property, plant and equipment.

(b)INVESTOR-OWNED CORPORATION.

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2350

..........................................................................................................

STOCKHOLDER's EQUITY

2351

..........................................................................................................

Preferred Stock

2352

..........................................................................................................

Common Stock

2353

..........................................................................................................

Treasury Stock

2360

..........................................................................................................

Additional Paid-in Capital

2370

..........................................................................................................

Retained Earnings

..........................................................................................................

The total of these equity accounts reflects the difference between the total assets and the total liabilities of the Investor-Owned Corporation.

(c)INVESTOR-OWNED PARTNERSHIP OR SOLE PROPRIETOR.

[ 3153 ]

2380

CAPITAL-PARTNERSHIP OR SOLE PROPRIETOR..........................................................................................................

2381 Capital..........................................................................................................

2382 Partner's Draw..........................................................................................................

The total of these accounts represents the net assets of the Partnership or Sole Proprietor.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 444.6