437XXX - Miscellaneous

Collections, Recoveries & Carryforwards
437111	Loan Collection-Principal
437112	Loan Collection-Interest
437113	Insurance Recoveries	This account should be used by governmental funds only. Proprietary funds should use account 437116.
437114	Escheat Fund Collections	This account is to be used by the State Treasurer only.
437115	Liquidated Damage Collections
437116 437116001 437116002	Insurance Recovery - Non operating Insurance Recovery With Fund Participation Insurance Recovery Without Fund Participation	Used by proprietary funds only.
437117	Rebates	To record rebates that are not from procurement cards. Use account 437127 for rebates from procurement cards.
437118	Per Diem Collections
437119 437119001 437119002	Public Assistance Collections	WIC (Women, Infant & Children food program) Vendors WIC Participants
437120	Medical Payment Recoupments from Non-State Agencies used by Department of Correction's Safekeeper Program to record reimbursements from county governments
437121	Payback Settlements
437122	Accounts Receivable - Interest
437123	Accounts Receivable - Penalty
437127	Procurement Card Rebates	To record rebates from procurement cards only. Use the other rebate account 437117 for rebates from other sources.
437128	Lease Interest Revenue	This account represents interest revenue related to leases accounted for under GASB 87, Leases. This account is for use by governmental and proprietary lessors, including component units of the State.
437129	Reinsurance Receipts	Reinsurance receipts are amounts received from reinsurance policies acquired for additional coverage. This account is set up as a contra-account to offset claims expense.

Debt Proceeds
437210	Proceeds - General Obligation Bonds
437211	Proceeds - Revenue Bonds (old title: Proceeds from Sale of Bonds) (Note: Account was formerly titled Proceeds - Sale of Bonds. Effective fo year end 6/30/03, account 437211 must only be used for revenue bonds. For general obligation bonds, use account 437210 Proceeds - General Obligation Bonds.)

Account	Title
437212	Proceeds of Refunding Debt Revenue received from the proceeds of current and advance refunding bonds.
437213	Proceeds - Leases To record the value of new lease agreements entered into during the current year. This is the initial present value of the lease as calculated per GASB Statement 87 requirements. For use by governmental funds only.
437214	Proceeds - Other Financing To record debt proceeds from 3rd party financing agreements.
437215	Bond Premium
437216	Certificates of Participation
437217	Proceeds - Lease-purchase Revenue Bonds
437218	Proceeds - Grant Anticipation Revenue Vehicle Bonds To record proceeds of GARVEE Bonds issued.
437219	Proceeds - Limited Obligation Bonds
437221	Proceeds - Subscription Arrangements (SBITAs) To record the value of new subscription-based IT arrangements entered into during the current year. This is the initial present value of the arrangement as calculated per GASB Statement 96 requirements. For use by governmental funds only.
437300	Indirect (Overhead) Cost Receipt The indirect cost receipt account should be used in conjunction with the indirect cost expenditure account 535640 to prepare noncash revenue and expenditure entries to track overhead costs for grant accounting. These accounts carry balances for monthly accounting, but at 6/30, the revenue balance should be eliminated against the corresponding expenditure account balance (account 535640) to zero out the accounts for year end reporting. The following two definitions are used in determining whether investment earnings and realized/unrealized gains/losses should be recorded as general revenues or program revenues: Program Revenue: Investment earnings that are legally restricted for use in specific functions or programs. General Revenue: Investment earnings that are not legally restricted for use in specific functions or programs.
437400	Realized Gain - Sale of Investments - Program Revenue This account is used to record the gain when the net proceeds from the sale of an investment are greater than the cost of the investment.
437401	Realized Gain - Sale of Investments - General Revenue
437402	Realized Gain on sale of investments - Nonoperating - Program Revenue For use by proprietary funds only.
437410	Unrealized Gain on Investments - Program Revenue
437411	Unrealized Gain on Investments - General Revenue
437412	Unrealized Gain on investments - Nonoperating - Program Revenue For use by proprietary funds only.
437420	Purchase/Redemption of Units Net transactions be participants in Local Government Investment Trust Fund to purchase or redeem shares.
437430	Reinvestment of Distribution To record the distribution paid to participants and reinvested by the local government investment trust fund.
437500	Retirement of Indebtedness The increase in the equity of capital assets funded by debt proceeds based on principal payments.
437510	Gain on Extinguishment of Debt This account is limited for use by the Employment Security Unemployment Insurance fund or as authorized by OSC. This account includes the FUTA (Federal Unemployment Tax Act) tax credits received to pay back the Federal Unemployment Account (FUA) advances. It is not valid for governmental funds. For proprietary fund accounting, this account is classified as a nonoperating revenue. For government-wide reporting for Comprehensive Annual Financial Report, this account and caption roll to Program revenues - Operating grants and contributions.
437520	Gain on in-substance defeasance of debt This account is used to report the difference between the reacquisition price and the net carrying amount of the debt when a government places cash and other monetary assets acquired with only existing resources with an escrow agent for an in-substance defeasance of debt. This account is not valid for governmental funds. For proprietary fund accounting, this account is classified as a nonoperating revenue. On the Statement of Activities, this account is classified as Program revenues – Operating grants and contributions.
437550	Gain on termination of irrevocable split-interest agreement Proprietary funds only. For gains resulting from the elimination of any residual liability at the termination of an irrevocable split-interest agreement when the government is the intermediary and a remainder interest beneficiary as required by GASB Statement No. 81, Irrevocable Split-Interest Agreements.
437600	Plant Fund Addition
437700	Extraordinary Gain To record an extraordinary gain. Losses are recorded in account 535700-Extraordinary loss. Extraordinary items are transactions or other events that are both unusual in nature and infrequent in occurrence. (Note: Prior to 7-1-2001, this account was for use only by proprietary funds. Effective 7-1-2001 with the implementation of the new reporting model under GASB 34, this account may be used by any fund type.)
437750	Special Items - Gain Significant transactions or other events within the control of managementthat are either unusual in nature or infrequent in occurrence. (GASB 34 Par. 56). Use account 535750 for special items - losses.
437800	Reserves to Bgt Reduction
437985	Other Miscellaneous Revenue - Grant Related Program Revenue

Account	Title
437990	Other Miscellaneous Revenues- Program Revenue
437990001	State Share Title IV-D Collections
437990002	Cost Settlement Refunds
437990003	Program Validation Refund
437990004	Blood Test Reimbursement
437990005	Counsel Fee Judgment
437990006	Guaranteed Minimum Payment	Guaranteed minimum payment to a Services for the Blind concession stand operator.
437990007	Profits on Business Enterprise Stand	Profits received on a Services for the Blind concession stand operated by Business Enterprise section. Profits and losses must be reported separately.
437990008	Losses on Business Enterprise Stand	Losses incurred on a Services for the Blind concession stand operated by Business Enterprise section. Profits and losses must be reported separately.
437990009	Other Losses on Concession Stands	Local operator losses not covered by the guaranteed minimum payment incurred on a Services for the Blind concession stand.
437990010	Pay Telephone Commissions
437990011	Questioned Costs Refunds
437990012	Willie M Refunds
437990013	Thomas S Refunds
437990014	Vaccine Negligence - Federal 60%
437990015	Vaccine Negligence - State 40%
437990016	Questioned Cost-At Risk Children
437990017	Questioned Cost-Mental Retardation/Mental Illness
437990018	Counsel Appointment Fee
437990019	Social Security Administration - Recoupments
437990020	Fish Kill Proceeds
437990021	NC Housing Finance Refund
437990022	Basic Support Program Income
437990023	LME/MCO Receipts
437990024	Prepaid Ambulatory Health Plan Contract Medical Loss Ratio Revenue

Account	Title
437991	Other Miscellaneous Revenues - Nonoperating - Program Revenue Used by proprietary funds to record nonoperating miscellaneous revenue.
437992	Imprest/Petty Cash Re-Deposit
437993	Electronic and Digital Transaction Fee The fee an agency may charge to cover the costs of permitting a person to complete a transaction through the World Wide Web or other means of electronic access. Note: This account is classified as Fees rather than miscellaneous revenue for year end financial reporting.
437994	Returned Check Fee Note: This account is classified as Fees rather than miscellaneous revenue for year end financial reporting.
437995	Other Miscellaneous Revenue - General Revenue To account for miscellaneous revenues not generated by any program.
437996	National Mortgage Settlement To account for the settlement funds received by the State pursuant to the Consent Judgment in U.S. v. Bank of America, Civil Action No. 12‑CV‑0361, dated April 4, 2012. This account is classified as a miscellaneous revenue, and for proprietary fund accounting, this is a nonoperating revenue. Account 437996 should only be used by primary government agencies and not by component units. Please see acct 432906 State aid-National Mortgage Settlement which has been established for component units.
437997	Settlements To account for any settlement funds received. This account is classified as a miscellaneous revenue, and for proprietary fund accounting, this is a non-operating revenue. Use account 437121 for Payback settlements.