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.
 

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.)

 

 

 

437212

Proceeds of Refunding Debt
Revenue received from the proceeds of current and advance refunding bonds.

437213

Proceeds - Leases

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

 

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

 

  

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  
 

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.