N.H. Admin. Code § 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.
Notes
#5455, eff 8-28-92; ss by #6808, eff 7-21-98; ss by #8687, eff 7-21-06
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