GAAP GAAP Nonoperating Revenue (Expenses) 723001 State appropriations, noncapital – 723007 Federal financial aid grants, noncapital* – 723008 State financial aid grants, noncapital* – 723010 Local Financial aid grants, non-capital* – 723009 Nongovernmental and other Financial Aid Grant, noncapital* – 723011 Other Federal nonoperating grants, noncapital* – 723002 Gifts, noncapital* – 723003 Investment income (loss), net – 723004 Endowment income (loss), net – 723005 Interest expenses – 723006 Other nonoperating revenues (expenses) exclude interagency transfers – – 724005 Other nonoperating revenues (expenses) interagency transfers – – Other Revenues (Expenses) 724001 State appropriations, capital – 724002 Grants and gifts, capital* – 724003 Additions to permanent endowments – *These are discussed in Chapter 4 Grants, Contracts and Gifts GAAP Accounting Treatment In legal-basis accounting, state appropriation is recorded to Fund Balance Clearing account, not recognized as revenue for purposes of reporting financial results to the SCO. At June 30, Fund Balance Clearing needs to be zeroed out and state appropriation needs to be recognized in GAAP ledger. Please see Chapter 4 for additional information regarding Fund Balance Clearing current year activities in FBC account to the appropriate account. See also Chapter 4 for information. Receivables Currently, object 580098, Auxiliary Program Lease Principal Payment and 580099, Auxiliary Loan Principal Payment map to GAAP account 723006, Other
GAAP GAAP Nonoperating Revenue (Expenses) 723001 – State appropriations, noncapital 723007 – Federal financial aid grants, noncapital* 723008 – State financial aid grants, noncapital* 723010 – Local Financial aid grants, non-capital* 723009 – Nongovernmental and other Financial Aid Grant, noncapital* 723011 – Other Federal nonoperating grants, noncapital* 723002 – Gifts, noncapital* 723003 – Investment income (loss), net 723004 – Endowment income (loss), net 723005 – Interest expenses 723006 – Other nonoperating revenues (expenses) – exclude interagency transfers 724005 – Other nonoperating revenues (expenses) – interagency transfers Other Revenues (Expenses) 724001 – State appropriations, capital 724002 – Grants and gifts, capital* 724003 – Additions to permanent endowments *These are discussed in Chapter 4 Grants, Contracts and Gifts GAAP Accounting Treatment In legal-basis accounting, state appropriation is recorded to Fund Balance Clearing account, not recognized as revenue for purposes of reporting financial results to the SCO. At June 30, Fund Balance Clearing needs to be zeroed out and state appropriation needs to be recognized in GAAP ledger. Please see Chapter 4 Fund Balance Clearing for additional information regarding current year activities in FBC account to the appropriate account. See also Chapter 4 Receivables for information. Currently, object 580098, Auxiliary Program Lease Principal Payment and 580099, Auxiliary Loan Principal Payment map to GAAP account 723006, Other
CH_04.05.04_NonOperating_Revenues_Expenses_FINAL.docx