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Fund Reference Manual

Fund FH2 - Higher Education Internal Lending Account

Authority: RCW 43.88.195
Admin Agency: Locally by each agency - LCL0
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: Used to account for reporting Higher Education internal lending activity to campus borrowers from debt proceeds.
Sources of Revenue: Investment and program income.
Clientele: State Higher Ed agencies

ACFR Information

Account Code: FH2
Account Title: Higher Education Internal Lending Account
Fund Type: FA - Enterprise Funds
Rollup Fund: FH - Higher Education Student Services Fund
Closing GL Code: 9400 - Accumulated Earnings(Loss)