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8400 |
REVENUES |
8400 |
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The administration shall use funds and account groups
to report its financial position and the results of its operations. Fund
accounting is designed to demonstrate legal compliance and to aid financial
management by segregating transactions related to certain school system
functions or activities. |
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The uniform budget format requires the following funds: |
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The |
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The Local Current Expense Fund |
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The Capital Outlay Fund |
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In addition, other funds may be required to account for
trust funds, federal grants restricted as to use, and special programs. The
administrative unit shall maintain those funds shown in the uniform budget
format that are applicable to its operations. |
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Legal Reference: G.S. 115C-426 |
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Adopted:
December 13, 1976 |
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Revised:
January 21, 1992 |