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Fund Reference Manual

Fund 605 - Permanent Common School Account

Authority: RCW ARIXS3CONSTI
Admin Agency: State Investment Board - 1260
Cash Type: 1 - Treasury Fund
SAAM Budget Type: Nonappropriated/Nonallotted (N)
Earnings from Investments are: See Public Notes section below
Description: Permanent and irreducible fund in the state treasury. Income derived from the fund is used for support of the common schools.
Sources of Revenue: Federal Grants-In-Aid, Charges and Miscellaneous Revenue, Other Miscellaneous Revenue, Investment Income
Clientele: Common schools
Public Notes: Earnings from investments are credited to the common school construction fund (account 113) under State Constitution article IX, section 3 and RCW 43.84.092(4)(a).

ACFR Information

Account Code: 605
Account Title: Permanent Common School Account
Fund Type: EA - Permanent Funds
Rollup Fund: EC - Common School Permanent Fund
Closing GL Code: 9232 - Restricted for Education