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Fund Reference Manual

Fund 620 - Unemployment Compensation Account

Authority: RCW 50.16.010
Admin Agency: Employment Security Department - 5400
Cash Type: 3 - Local Fund
SAAM Budget Type: Nonappropriated/Nonallotted (N)
Earnings from Investments are: Credited to the appropriate fund as directed by the Legislature and/or the administering agency of the fund. RCW’s 43.79A.040 and 43.84.092 do not apply.
Description: The first priority is to provide services to eligible participants within the state; second priority is to provide substitute services or program support; and last priority is the direct payment of funds to the federal government.
Sources of Revenue: Contributions, Interest Income, Federal Income Tax, Charges and Miscellaneous Revenue, Other Miscellaneous Revenue
Clientele: Employers and eligible unemployed workers
Effective Date: 07/01/1937

ACFR Information

Account Code: 620
Account Title: Unemployment Compensation Account
Fund Type: FA - Enterprise Funds
Rollup Fund: FG - Unemployment Compensation
Closing GL Code: 9545 - Restricted for Unemployment Compensation