Current through Register No. 12, March 21, 2024
(a) Funds shall be
classified into 4 categories as follows:
(1)
Governmental funds;
(2) Proprietary
funds;
(3) Fiduciary funds;
and
(4) Agency funds.
(b) Governmental funds shall
consist of:
(1) General fund, fund code 10,
to account for all financial resources of the LEA except those required to be
accounted for in another fund;
(2)
Special revenue funds, fund code 20, including:
a. Fund code 21, food service, to account for
the proceeds of revenue sources that are legally restricted to expenditure for
the purpose of providing food service; and
b. Fund code 22, to account for the proceeds
of specific revenue sources, other than food service, expendable trusts or
major capital projects, that are legally restricted to expenditure for
specified purposes; and
(3) Capital project funds, fund code 30, to
account for financial resources used to acquire or construct capital
facilities, other than those financed by proprietary funds and trust
funds.
(c) Proprietary
funds shall consist of the following funds not otherwise accounted for as
special revenue funds:
(1) Enterprise funds,
fund code 60, to account for operations:
a.
That are financed and operated in a manner similar to private business
enterprises where the intent of the governing body is that the expenses,
including depreciation, of providing goods or services to the students or
general public on a continuing basis are financed or recovered primarily
through user charges; or
b. Where
the governing body has decided that periodic determination of revenues earned,
expenses incurred, and net income is appropriate for capital maintenance,
public policy, management control, accountability, or other purposes;
and
(2) Internal service
funds, fund code 70, to account for the financing of goods or services provided
on a cost-reimbursement basis by one department or agency to other departments
or agencies of the governmental unit, or to other governmental units.
(d) Fiduciary funds, fund code 80,
shall be used to account for assets held by a governmental unit in a trustee
capacity or as agent for individuals, private organizations, other governmental
units, and/or other funds, including:
(1)
Expendable trust funds, including trust funds established under RSA 31 and
capital reserve funds established under RSA 34 and RSA 35;
(2) Nonexpendable trust funds established
under RSA 31; and
(3) Pension trust
funds established under RSA 31.
(e) Agency funds, fund code 90, shall account
for funds held in a custodial capacity by a school district for:
(1) Individuals;
(2) Organizations; or
(3) Other governments.
#5072, eff 2-21-91, EXPIRED 2-21-97
New. #6476, eff 3-26-97; ss by
#6869, eff 10-20-98; ss by #8306, eff 3-22-05; ss by #10304, eff
3-22-13
