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Fund Reference Manual

Fund 16C - Real Estate and Property Tax Administration Assistance Account

Authority: RCW 82.45.180
Admin Agency: Department of Revenue - 1400
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: To be used for the maintenance and operation of an annual revaluation system for property tax valuation; and maintenance and operation of an electronic processing and reporting system for real estate excise tax affidavits.
Sources of Revenue: Fees deposited to this account are recorded as other tax distributions; however, these funds are not considered funds of the state as they are held in trust until distributed to the counties.
Clientele: Counties
Effective Date: 07/26/2009

ACFR Information

Account Code: 16C
Account Title: Real Estate and Property Tax Administration Assistance Account
Fund Type: HD - Custodial Funds
Rollup Fund: KC - Local Government Distributions Fund
Closing GL Code: 9584 - Restricted for Custodial