New York Codes, Rules and Regulations
Title 9 - EXECUTIVE DEPARTMENT
Subtitle S - Division of Housing and Community Renewal
Chapter III - Low Rent Housing
Subchapter D - Accounting Manual For Public Housing Agencies
Part 1645 - Investments
Subpart 1645-2 - Accounting For Investments
Section 1645-2.12 - General ledger segregation of reserve fund investments

Universal Citation: 9 NY Comp Codes Rules and Regs § 1645-2.12
Current through Register Vol. 47, No. 12, March 26, 2025

For reasons of administrative facility, all reserve fund investments, like reserve fund cash, are pooled to the extent that all the investments are charged to the one account (account 1176, Reserve Fund Investments) and are registered in the name of the reserve fund. Separate accountability of reserve fund investments by reserves, is prescribed and may be accomplished by a general ledger analysis, using a columnar ledger sheet. See also sections 1645- 3.1 and 1647-5.1. A similar general ledger analysis is maintained of reserve fund cash. In this manner, the assets of each reserve can be accounted for, so that, at all times, each reserve may be reconciled with its assets.

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