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Fund Reference Manual

Fund 165 - Salary Reduction Account

Authority: RCW 41.05.123
Admin Agency: Wash State Health Care Authority - 1070
Cash Type: 2 - Treasury Trust Fund
SAAM Budget Type: Nonappropriated/Nonallotted (N)
Earnings from Investments are: Credited to the general fund under RCW 43.79A.040(4)(a).
Description: A plan whereby state employees and officers may agree to a reduction of salary which reduction will allow the employee to participate in benefits offered pursuant to 26 U.S.C. Sec. 125. An act relating to dependent care; amending RCW 41.04.260; and adding new sections to chapter 41.04 RCW.
Sources of Revenue: Deposits to this account are recorded as miscellaneous revenue; however, these funds are not considered funds of the state as they are held in trust for participating state employees.
Clientele: Participating state employees
Effective Date: 07/01/1987

ACFR Information

Account Code: 165
Account Title: Salary Reduction Account
Fund Type: HD - Custodial Funds
Rollup Fund: KA - Other Custodial Funds
Closing GL Code: 9584 - Restricted for Custodial