432XXX - Grants

Revenues received from Federal, State, local or municipal governments, or private organizations to be used or expended for a specific purpose, activity, or facility.

FEDERAL

4321AA  Federal Grants
To account for grants awarded by a federal agency that are nonexchange transactions. This includes Pell, SEOG and College Work Study grants for colleges and universities, effective for FY 2009. This is considered nonoperating revenue for proprietary accounting.

4327AA  Federal Research Grants
To account for research grants and any other similar grants or contracts awarded by a federal agency that are exchange or exchange-like transactions. This is considered operating revenue for proprietary accounting. (Note: Prior to FY 2009, colleges and universities had used this account to record Pell, SEOG and College Work Study grants. However, based on additional guidance, beginning with FY 2009, Pell, SEOG and CWS grants should be recorded as nonexchange, nonoperating activity in account 4321AA instead.)

432DAA Federal Capital Grants
To account for federal grants/contracts that are restricted for capital purposes – to purchase, construct, or renovate capital assets owned by the agency and associated with a specific program. This is considered other revenue shown below nonoperating revenue for proprietary accounting. Exclude grants that may be used for either operating or capital purposes at the discretion of the agency. Also, exclude grants distributed to other governments to acquire/construct capital assets owned by other governments.

432907  Federal Interest Subsidy on Debt
To account for the federal interest subsidy for the Build America Bonds (BABs) authorized by the Recovery Act. 

432997   Federal Appropriations
To account for appropriated funds provided by the Federal government for operating purposes.

STATE

4325AA  State Grants
To account for revenue  received from grants awarded by another state agency that are nonexchange transactions. This is considered nonoperating revenue for proprietary accounting.

4328AA  State Research Grants
To account for research grants and any other similar grants or contracts awarded by another State agency that are exchange or exchange-like transactions. This is considered operating revenue for proprietary accounting.

432EAA State Capital Grants
To account for state grants/contracts that are restricted for capital purposes – to purchase, construct, or renovate capital assets owned by the agency and associated with a specific program. This is considered other revenues shown below nonoperating revenue for proprietary accounting. Exclude grants that may be used for either operating or capital purposes at the discretion of the agency. Also, exclude grants distributed to other governments to acquire/construct capital assets owned by other governments.

432SAA State Capital and Infrastructure Fund Appropriation Grants
Account is used only by universities to record state aid from the State Capital and Infrastructure Fund received from the Office of State Budget and Management as established in G.S. 143C-4-3.1.  This account is NOT valid for primary government state agencies.

432901   State Aid - Two-thirds GO Bond
Account for university use only. To convert budgetary bond transactions in capital projects budget codes supported with the 2/3 GO bonds to GAAP basis.

432902 Capital aid from Statewide Contingency Reserve
For universities and other component units to account for the transfer of contingency funds that were held in the statewide Contingency Reserve budget code.  Primary government agencies should not use this account but instead use account 438071 Transfer From Statewide Contingency Reserve.

432903 Capital Aid from 2011 R&R Reserve
For universities only to record capital aid revenue from the 2011 Repair and Renovation reserve receipts.  This account is not valid for primary government agencies or other component units.  For year-end reporting this account rolls to the State capital aid caption.

432904 State Aid-Connect NC GO Bond
Account is used by Universities only. To record bond proceeds in capital projects budget codes supported by the Connect NC GO bonds.

432905 State aid – Coronavirus
Account is used only by component units to record state aid from the Coronavirus Relief Fund or American Rescue Plan Act State Fiscal Recovery Funds received from the Office of the State Budget and Management.  This account is NOT valid for primary government state agencies.

432906 State aid – National Mortgage Settlement
To account for the settlement funds received by the State’s component unit NC Housing Finance Agency,  pursuant to the Consent Judgment in U.S. v Bank of America, Civil Action No. 12-CV-0361, dated April 4, 2012.  This revenue is classified as  State aid-program revenue which, for proprietary fund accounting, is a nonoperating revenue. Primary government agencies should not use acct 432906, but instead use acct 437996 to record National Mortgage Settlement revenues.

432908 State Aid - General
To account for state aid-general revenue that is not classified elsewhere.  This account is for use by component units and should not be used by primary government agencies.

432909   State Aid - Unfunded Liability Solvency Reserve
Account is to be used by component units to record state aid from the Unfunded Liability Solvency Reserve received from the Office of the State Controller.  This account is NOT valid for primary government agencies. This is in accordance with the NCGA’s Joint Conference Committee Report on the Current Operations Appropriations Act of 2021.

432990   State Aid - Program
For fiduciary funds and component units to record state aid - program revenue not classified elsewhere. This account is not valid for primary government agencies except fiduciary funds. This account is also used to record revenues for the State Fiscal Stabilization Fund.

432991   Capital Aid from Statewide Project Reserve Budget Code
For universities and other component units to account for the transfer of project reserve funds that were held  in the statewide Project Reserve budget code. Primary government agencies should not use this account but instead use account 438070 Transfer From Statewide Project Reserve budget code.

432992 State Aid - Education Lottery Proceeds
For universities or other component units to record NC Education Lottery proceeds. This account should not be used by primary government agencies.

432993   State Aid - Special Indebtedness
For universities or other component units to record special indebtedness proceeds from the state including limited obligation bonds (LOBs) and certificates of participation (COPs). This account should not be used by primary government agencies – see acct 438051 instead. (New title effective for FY 2009. Former title was State aid – COPS.)

432994 State Aid - Bond Proceeds
Account for university use only.  To convert the budgetary bond transactions in the capital projects budget codes to GAAP basis.

LOCAL

4322AA  County Funds
To account for grants or other funds received from a county government that are nonexchangetransactions. This is considered nonoperating revenue for proprietary accounting.

432FAA County Research Grants
To account for research grants and other contracts and grants from county governments that  are exchange or exchange-like transactions. This is considered operating revenue for proprietary accounting.

432998  County Appropriations
To account for appropriated funds provided by a county government for operating purposes. This is a nonexchange transaction and considered nonoperating revenue for accounting.

432GAA County Capital Appropriations
To account for county appropriations that are restricted for capital purposes – to purchase, construct, or renovate capital assets owned by the agency and associated with a specific program. This is considered other revenues shown below nonoperating revenue for proprietary accounting.

4323AA  Cities, Towns& Other Local Funds
To account for grants or other funds received from cities, towns or other local governments that are nonexchange transactions.  This is considered nonoperating revenue for proprietary accounting.

432HAA Cities, Towns,& Other Local Research Grants
To account for research grants and other contracts and grants from cities, towns, and other local governments that  are exchange or exchange-like transactions. This is considered operating revenue for proprietary accounting

432JAA Cities, Towns & Other Local Capital Grants
To account for city, town, or other local grants/contracts that are restricted for capital purposes – to purchase, construct, or renovate capital assets owned by the agency and associated with a specific program. This is considered other revenues shown below nonoperating revenue for proprietary accounting. Exclude grants that may be used for either operating or capital purposes at the discretion of the agency. Also, exclude grants distributed to other governments to acquire/construct capital assets owned by other governments.

PRIVATE/NONGOVERNMENTAL
Note: Private/nongovernmental grants and contracts include grants from individuals, foreign governments, and organizations that are not governments. They may be exchange or nonexchange transactions.

4324AA  Private Grants
To account for nongovernmental grants or contracts that are nonexchange transactions.  Universities use this account to reflect nongovernmental grants and contracts related to instruction or public service. (University objects 0260-0264 & 0280-0284). This is considered nonoperating revenue for proprietary accounting.

432995  Nongovernmental Grants & Contracts
Account for university use only.  To reflect nongovernmental grants and contracts not related to instruction or public service that are nonexchange transactions. (University objects 0265-0269 & 0285-0289). This is considered nonoperating revenue for proprietary accounting.

432BAA  Private Research Grants
To account for nongovernmental grants and contracts related to research or similar grants or contracts that are  exchange or exchange-like transactions. This is considered operating revenue for proprietary accounting.

432KAA Private Capital Grants
To account for private/nongovernmental grants/contracts that are restricted for capital purposes – to purchase, construct, or renovate capital assets owned by the agency and associated with a specific program. This is considered other revenues shown below nonoperating revenue for proprietary accounting. Exclude grants that may be used for either operating or capital purposes at the discretion of the agency. Also, exclude grants distributed to other governments to acquire/construct capital assets owned by other governments.

OUT-OF-STATE
Note: Out-of-state grants are grants awarded by a governmental unit outside the state of NC, but not a foreign government. They may be exchange or nonexchange transactions. For grants from foreign countries, use private/nongovernmental grants.

4326AA  Out-of-State Grants
To account for grants awarded by a governmental unit outside the state of NC, that are nonexchange transactions. This is considered nonoperating revenue for proprietary accounting.

432CAA  Out-of-State Research Grants
To account for research or similar grants or contracts awarded by a governmental unit outside the state of NC that are exchange or exchange-like transactions. This is considered operating revenue for proprietary accounting.

432LAA Out-of-State Capital Grants
To account for out-of-state grants/contracts that are restricted for capital purposes – to purchase, construct, or renovate capital assets owned by the agency and associated with a specific program. This is considered other revenues shown below nonoperating revenue for proprietary accounting. Exclude grants that may be used for either operating or capital purposes at the discretion of the agency. Also, exclude grants distributed to other governments to acquire/construct capital assets owned by other governments.

OTHER

432996   Provider Match
    432996001  Provider Match - LEA
    432996002  Prov Match - Enhanced CPE (CPE = Certified Public Expenditure)
    432996003  Prov Match - DSH CPE (DSH = disproportionate share)
    432996004  Prov Match - QPH Match (QPH = qualified public hospital)
    432996005  Provider Match - Donated Services
    432996006 Provider Match-OSHR Workers Compensation Claim
    432996007 Provider Match - DPS Inmate Claims Billing

Provider match represents the revenue offset when expenditures are grossed up for the local share to show the total cost of programs (paper entry/noncash transactions).  For example, DHHS Division of Medical Assistance uses the account for the Medicaid program.  These accounts may be used for monthly accounting, but for year-end reporting, the expenditures are reduced by the amount of the provider match (eliminated against each other) and the 6/30 balance in the account must be zero.

432999  Federal Grants – Nonoperating – Used by proprietary funds only.
This account is no longer valid Effective 7-01-2001.