ctcLink Accounting Manual | 40.10.30 Inter-Fund Equity Balance Transfer

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40.10.30 Inter-Fund Equity Balance Transfers

Equity transfers are similar to inter-fund transfers but are used when a fund/class/department is being closed and the remaining equity in the fund is transferred to another fund.

Equity transfers between funds are allowed in all non-treasury (local) funds except Funds 149, 790, 840, 841, 997 and 999 and NOT allowed in any state funds!

Equity transfers between 149 and other local funds is not permitted.

Illustrative Entries

Equity Transfer Out

Equity Transfer In

Illustrative Entries

Equity Transfer Out

Equity Transfer In

 

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40.10.20 Operating Transfers << 40.10.30 >> 40.10.40 Inter-Fund Expenditure Transfers