California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 2 - State Controller
Subchapter 2 - Budgeting Procedures for Counties
Article 6 - Special Procedures
Section 1014 - Interfund Transfers

Schedule 2 provides a column in which both transfers in and out of funds may be entered. The arithmetic total of all entries in this column should, of course, be zero.

In the receiving fund the incoming money attaches to no particular budget unit, but supports the total fund program. This device is used only in special situations, such as to close out the remaining balance of a fund which has served its purpose, or to comply with a legal requirement that money be deposited in a special revenue fund as a condition for subvention. It should not be used as a substitute for the Costs Applied or Joint Fund Financing procedures.