Fund 840 - Institutions of Higher Education - Agency Account
Locally by each agency - LCL0
3 - Local Fund
SAAM Budget Type:
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.
This fund consists of the balances of accounts that are held either as agent for other organizations or individuals, or in suspense status for clearing function. Included are such items as tuition receipts prior to transfer to the State Treasurer and payroll deductions for various purposes.
Sources of Revenue:
Revenues are not applicable to this fund type
Colleges and universities
Institutions of Higher Education - Agency Account
HD - Custodial Funds
KA - Other Custodial Funds
Closing GL Code:
9584 - Restricted for Custodial