40.30 Accounting for Assets

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40.30 Accounting for Assets

2022-06-30

Sections

40.30.10 Cash and Cash Equivalents

• 40.30.10.1 Definitions
• 40.30.10.2 Chart of Accounts
• 40.30.10.3 Statutory Requirements
  • 40.30.10.3.a Daily Deposits
  • 40.30.10.3.b Authorized Banks
• 40.30.10.4 Deposits in Transit (1000010)
  • 40.30.10.4.a Check Deposits in Transit
  • 40.30.10.4.b ACH Deposits in Transit
• 40.30.10.5 Petty Cash (1000020) 
  • 40.30.10.5.a Definitions
  • 40.30.10.5.b District President/Chancellor Responsibilities
  • 40.30.10.5.c Custodian Responsibilities
  • 40.30.10.5.d Additional Requirements
  • 40.30.10.5.e Establishing a Petty Cash Fund
  • 40.30.10.5.f Closing a Petty Cash Fund
  • 40.30.10.5.g Disbursements
  • 40.30.10.5.h Replenishment
  • 40.30.10.5.i Reconciliation
• 40.30.10.6 Deposits with Escrow Agents and Trustees (1000030)
  • 40.30.10.6.a Definitions
  • 40.30.10.6.b Usage
• 40.30.10.7 Non-LGIP Invest 0-90 Days (1000040)
  • 40.30.10.7.a Definition
  • 40.30.10.7.b Accounting for Non-LGIP Invest 0-90 Days
• 40.30.10.8 Investment with LGIP (1000050)
  • 40.30.10.8.a Definition
  • 40.30.10.8.b Accounting for Investments with LGIP
• 40.30.10.9 Cash in Bank (1000070-1000160)
  • 40.30.10.9.a Usage
• 40.30.10.10 Internal Cash (1000199)
  • 40.30.10.10.a Usage
  • 40.30.10.10.b SMARTER QFS_GL_QA_INTERNAL_CASH – Internal Cash

40.30.20 Accounting for Investments

• 40.30.20.1 Investment Authority
• 40.30.20.2 Internal Controls over Investments
• 40.30.20.3 Cash Equivalent/Short-Term Investments
  • 40.30.20.3.a Premiums, Discounts or Accrued Interest
  • 40.30.20.3.b Cash Equivalent/Short Term Investment Accounts
  • 40.30.20.3.c Short-Term Investment Purchase Entries
  • 40.30.20.3.d Short-Term Investment Interest Received
  • 40.30.20.3.e Short-Term Investment Interest Reinvested
• 40.30.20.4 Long-Term/Non-Current Investments
  • 40.30.20.4.a Long-Term Investments (no premium, discount or accrued interest)
  • 40.30.20.4.b Long-Term Investments (w/premium, discount or accrued interest)
  • 40.30.20.4.c Accrued Interest at Acquisition
  • 40.30.20.4.d Long-Term to Short-Term Adjustment
  • 40.30.20.4.e Fair Market Value Adjustment
• 40.30.20.5 Investment Interest Distribution
  • 40.30.20.5.a Pooled Interest Distribution Concept
  • 40.30.20.5.b Earnings Reinvested/Distributed Quarterly or Annually
  • 40.30.20.5.c Earnings Reinvested/Distributed
  • 40.30.20.5.d Earnings with Cash and Accrued Interest
  • 40.30.20.5.e Interest and Dividends Cash Earning Distribution
• 40.30.20.6 Negative Cash Balance Interest Charges
• 40.30.20.7 Bank Analysis Earnings