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Fund Reference Manual

Fund 503 - Tuition Recovery Trust Account

Authority: RCW 28C.10.082
Admin Agency: Workforce Train & Educ Coord Board - 3540
Cash Type: 2 - Treasury Trust Fund
SAAM Budget Type: Budgeted (Nonappropriated/Allotted) (B)
Earnings from Investments are: Retained by this fund under RCW 43.79A.040(4)(b).
Description: All funds collected for the tuition recovery fund are payable for the benefit and protection of any Washington State student or enrollee of a private vocational school licensed under this chapter.
Sources of Revenue: Charges and Miscellaneous Revenue, Other Miscellaneous Revenue, Interest Earnings
Clientele: Vocational education students
Effective Date: 07/01/1987

ACFR Information

Account Code: 503
Account Title: Tuition Recovery Trust Account
Fund Type: BA - Special Revenue Funds
Rollup Fund: BG - Higher Education Fund
Closing GL Code: 9310 - Committed for Higher Education