Fund 165 - Salary Reduction Account
Authority:
RCW 41.05.123
Admin Agency:
Wash State Health Care Authority - 1070
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Earnings from Investments are:
Credited to the general fund under RCW 43.79A.040(4)(a).
Description:
A plan whereby state employees and officers may agree to a reduction of salary which reduction will allow the employee to participate in benefits offered pursuant to 26 U.S.C. Sec. 125. An act relating to dependent care; amending RCW 41.04.260; and adding new sections to chapter 41.04 RCW.
Sources of Revenue:
Deposits to this account are recorded as miscellaneous revenue; however, these funds are not considered funds of the state as they are held in trust for participating state employees.
Clientele:
Participating state employees
Effective Date:
07/01/1987
Inactive Date:
Public Notes:
ACFR Information
Account Code:
165
Account Title:
Salary Reduction Account
Fund Type:
HD - Custodial Funds
Rollup Fund:
KA - Other Custodial Funds
Closing GL Code:
9584 - Restricted for Custodial
