438XXX - Intragovernmental Transactions

4380XX Statewide Operating Transfers

43800A

Legislatively Supported Carryforward-Transfer
To record the transfer of legislatively supported carryforward funds between an agency and OSC. New for Fiscal Year 2016

43800B

Encumbrance Carryforward-Transfer
To record the transfer of encumbrance carryforward funds between an agency and OSC. New for Fiscal Year 2016

43800C

Unearned Revenue Carryforward-Transfer
To record the transfer of unearned revenue carryforward funds between an agency and OSC. New for Fiscal Year 2016.

438010 

Trans-Reserve Budget Code 

438030

Transfer from Civil Fine/Penalty Fund
For use only by the Department of Public Instruction or as instructed by OSC to record the transfers-in from the Civil Penalty and Forfeiture Fund as established in Article 31A of Chapter 115C of the North Carolina General Statutes.  For cash basis on the BD701 report, the account is handled the same as other 438xxx transfer receipts.  However, for year-end GAAP reporting, this account will roll with the 536xxx state aid expenditure accounts.  

438040 

Disaster Relief Reserve - Transfer In

438041

Budget Shortfall Transfer (OSC General Fund Revenues use only)

438042

State Health Plan-Reserve

438043

Legislative Mandated Transfer (OSC General Fund Revenues use only)

438045

Interfund Borrowing
To record the transfer in from interfund borrowing. This account must be zeroed out during the 13th period by offsetting against the 538046 Interfund Borrowing Repayment transfer out.

438046

Interfund Borrowing Repayment
To record the transfer in of the repayment from interfund borrowing. This account must be zeroed out during the 13th period by offsetting against the 538045 Interfund Borrowing transfer out.

438047 Medicaid Transformation
To record transfers received from Medicaid Transformation Reserve
438048 Medicaid Contingency Reserve Transfer
SL 2020-88, Senate Bill 808, Section 5.5 authorizes the transfer of funds from the Medicaid Contingency Reserve to DHHS – Division of Health Benefits to be used for the Medicaid and NC Health Choice programs rebase.

438050

Transfer from Bond Proceeds Code 
(Used by primary government agencies only to convert the budgetary bond transactions in the capital projects budget codes to GAAP basis.)

438051

Transfer - Special Indebtedness
For use only by primary government agencies to record special indebtedness transfers including limited obligation bonds (LOBs) and certificates of participation (COPs). This account should not be used by universities and other component units – see acct 432993 instead. (New title effective for FY 2009. Former title was Transfer – COPS.)

438052

Transfer-Lease Purchase Revenue Proceeds
This account will be used only by primary government agencies to record the transfer of lease-purchase revenue proceeds from OSBM. This account should not be used by universities or other component units.

438053

Transfer-Two-thirds GO Bond
Used by primary government agencies only to record the transfers of 2/3 GO bond proceeds from OSBM. This account should not be used by universities or other component units.

438054

Transfer-Connect NC GO Bond
Account is used by primary government agencies only to record the transfer of Connect NC GO bond proceeds from OSBM. This account should not be used by universities or component units.

438070

Transfer from Statewide Project Reserve Budget Code
To account for the transfer of project reserve funds that were held in the statewide Project Reserve budget code. This account is for use only by primary government agencies, and is not valid for universities and other component units. Universities and other component units should use account 432991 to record capital aid from the statewide project reserve budget code.

438071

Transfer From Statewide Contingency Reserve
To account for the transfer of contingency funds that were held in the statewide Contingency Reserve budget code.  This account is for use only by primary government agencies, and is not valid for universities and other component units. Universities and other component units should use account 432902 to record state capital aid from the statewide Contingency Reserve budget code.

438072

Transfer in to Univ-2011 R&R
For use by the UNC Board of Governors only to record the cash transfer in of 2011 Repair and Renovation Reserve receipts.  This acct is not valid for any other universities or any other agencies.  Universities receiving the 2011 R&R funds should use acct 432903 to record the capital aid revenue.  Acct 438072 is not valid for year-end reporting and must be offset against acct 538072 to zero out.

438073

Transfer In to Agencies – 2011 R&R receipts
For primary government agencies only to account for the 2011 Repair and Renovation funds as receipts.  This account is not valid for component units. Universities receiving the 2011 R&R funds should use acct 432903 to record the capital aid revenue. 

438080

Transfer-In Unexpended IT project funds (OSC General Fund Rev only)
To account for the transfer-in of unexpended, unencumbered IT project funds to budget code 19050 for all IT projects that have been implemented and closed out or abandoned in accordance with GS 143C-1-2(b)(iii). This account should only be used for transfers-in from primary government agencies.

 

4381AA Agency Operating Transfers

Legally authorized transfers of financial resources from a fund designated to receive revenues to a fund that is authorized to spend the money and incur the expenditures. These transfers may occur within the same GASB fund, budget fund or different funds and within the same department or between different departments. Reimbursements for services by other state agencies through internal service funds are not transfers.

Note: The 4381AA accounts should NOT be used for transactions between primary government agencies and component units including universities. Resource flows between a primary government and its discretely presented component units (and between component units) should be reported as external transactions, that is, as revenues and expenses.

438CAA Coronavirus Relief Fund Transfers In

Account is to be used by primary government agencies only for transfers-in from the Coronavirus Relief Fund received from the Office of State Budget and Management.  This account should only be used for receipts from this fund.  

Note:  The 438CAA accounts should NOT be used for transactions between primary government agencies and component units including universities.  Resource flows between a primary government and its discretely presented component units (and between component units) should be reported as external transactions, that is, as revenues and expenditures. 

438FAA – Hurricane Florence Disaster Transfer In

To be used by primary government agencies only for transfers-in from the Hurricane Florence Disaster Recovery Fund.  This account should only be used for receipts from this fund.   

Note: The 438FAA accounts should NOT be used for transactions between primary government agencies and component units including universities. Resource flows between a primary government and its discretely presented component units (and between component units) should be reported as external transactions, that is, as revenues and expenses.
 

438PAA - ARPA SFRF Transfer In

Account is to be used by primary government agencies only for transfers-in from the American Rescue Plan Act State Fiscal Recovery Fund received from the Office of State Budget and Management. This account should only be used for receipts from this fund. 

Note: The 438PAA accounts should not be used for transactions between primary government agencies and component units including universities. Resources flows between a primary government and its discretely presented component units (and between component units) should be reported as external transactions, that is, as revenues and expenditures. 

438SAA State Capital and Infrastructure Fund Appropriation Transfer

Account is to be used by primary government agencies only for transfers-in from the State Capital and Infrastructure Fund received from the Office of State Budget and Management.  This account should only be used for receipts from this fund.  

Note:  The 438SAA accounts should NOT be used for transactions between primary government agencies and component units including universities.  Resources flows between a primary government and its discretely presented component units (and between component units) should be reported as external transactions, that is, as revenues and expenditures.

438UAA - Unfunded Solvency Liability Reserve - Transfer In

Account is to be used by primary government agencies only for transfers-in from the Unfunded Liability Solvency Reserve received from the Office of the State Controller.  This account should only be used for receipts from this reserve.  This is in accordance with the NCGA’s Joint Conference Committee Report on the Current Operations Appropriations Act of 2021.

4383AA Other Revenue - Component units (for use as directed by OSC only)

To record revenue from component units not classified elsewhere.  This account is to be used at the direction of OSC only. For proprietary accounting, this will be reported as miscellaneous nonoperating revenue.

4384AA Agency Nonroutine Transfer

Nonroutine transfer of equity between funds, for example, transferring of programs, closing out capital projects funds, or transfer of remaining fund equity of a discontinued fund. This account is for use only by primary government agencies; it is not valid for universities and other component units.

Institutional Transfers - university only

  • 438500 Mandatory Intra-Institutional
  • 438501 Mandatory Transfer-In Energy Savings Performance Contract Debt Service
  • 438600 Non-Mandatory Intra-Institutional
  • 438601 Transfer in Bond Proceeds 2000
  • 438700 Inter-Institutional

4389AA Prior Year Carryforward (Universities & Component Units)

  • 438910 Budget Flexibility - for University use only
  • 438920 Deferred Obligations/Receipts - for University use only
  • 438930  Energy Conservation Savings  - For university use only
    Energy Conservation Savings pursuant to G.S. 116-30.3B.(a)
  • 438940  Discretionary Capital Improvements 
  • 438950  Other Statutory Carryforward - for University use only