 |
Controller's DivisionOUS Fiscal Policy Manual |
A fund addition is a credit to the general ledger that bypasses the operating ledger. Fund additions are unusual and used in limited circumstances. Fund additions are typically used to: (1) record the moving of the equity and its corresponding asset or liability from one fund to another fund, and (2) offset an expenditure recorded in the operating ledger that should be recorded as an asset in the general ledger.
Examples of fund additions include moving funds from an auxiliary enterprise to a renewal and replacement reserve to save for future building repair or equipment replacement. The funds are moved through a fund deduction from the auxiliary enterprise funds and a fund addition to the renewal and replacement reserves. Fund additions and fund deductions flow through the general ledger without impacting the revenue and expenses of the operating ledger.
|
|