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MESSAGE 032511-02
DATE March 25, 2011
AUTHOR General Ledger
Subject Transfer Account Code Changes
Message Text:

Subject: Transfer Account Code Changes

· The following account has been established, effective immediately:

766050 FED SUBGRANT TRANSFER IN

· The following accounts were incorrectly established as Transfer Out Account Types that affect Expense Budget Balances, and will be inactivated on 7/1/2011 or when all Fiscal Year 2011 activity has been reclassified, whichever occurs first.:

773190 FED SUBGRANT TRANSFER IN

773390 INTERFUND TRANSFER IN

· The STARS Revenue Sub-object to SMART Account crosswalk has been revised as follows and the updated version will be posted on the SMART website:

STARS Revenue Sub-object Code
STARS Title
SMART ACCOUNT
SMART DESCRIPTION

6605
OPER TRANSFERS IN-FED AID FROM OTHER STATE AGYS
766050
FED SUBGRANT TRANSFER IN

6605
OPER TRANSFERS IN-FED AID FROM OTHER STATE AGYS
773190
FED SUBGRANT TRANSFER IN

· Please use Account 766050 instead of 773190, from this point forward.

· Please use Account 766010, OPERATING TRANSFERS IN, instead of 773390, from this point forward.

· The SMART Team will be contacting agencies about the effort to reclassify Fiscal Year 2011 transactions that have already been posted with Accounts 773190 and 773390.

· If you have deposits that are not yet approved and are coded with Accounts 773190 or 773390, please change the Accounts to 776050 and 766010, respectively, before they move forward.

Thank you,

SMART Team

 

 

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