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Fund 03K - Industrial Insurance Premium Refund Account

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Authority:
Admin Agency:
Department of Labor and Industries - 2350
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Budgeted (Nonappropriated/Allotted) (B)
Earnings from Investments are:
See Public Notes section below
Description:
Used to account for all industrial insurance refunds earned by state agencies or institutions of higher education under the state fund retrospective rating program. Preference on expenditures shall be given to programs that promote or provide incentives for employee safety and early, appropriate return-to-work for injured employees.
Sources of Revenue:
Other Miscellaneous Revenue, Interest Earnings
Clientele:
State agencies and institutions of higher education
Effective Date:
06/30/1990
Inactive Date:
Public Notes:
Investment earnings are retained by this fund per RCW 43.84.092(4)(a) which is for treasury accounts. This is a treasury trust fund, so it should be referenced in RCW 43.79A.040(4)(a) instead.

CAFR Information



Account Code:
03K
Account Title:
Industrial Insurance Premium Refund Account
Fund Type:
BA - Special Revenue Funds
Rollup Fund:
BD - Central Admin and Regulatory Fund
Closing GL Code:
9321 - Committed for Other Purposes