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Chart of Accounts

Each fund utilizes the same classification system for both revenue and expenditures.

 

REVENUES

CLASSIFICATION

OBJECT

DESCRIPTION

Local Revenues

1000

Property taxes, tuition, interest earnings on investments, fees and donations.

Flow Thru Revenues

2000

Payments received through other agencies

State Revenues

3000

General state aid and categorical aid

Federal Revenues

4000

Categorical aid

Other

7000

Transfers from other funds

 

 

EXPENDITURES

CLASSIFICATION

OBJECT

DESCRIPTION

Salaries

100

All employee salaries

Benefits

200

Medical, dental, disability, life insurance, retirement fund payments, tuition reimbursement,etc.

Purchase Services

300

Consultants, audit and legal services, athletic officials, repair and maintenance, rentals, security, travel, postage, advertising, insurance

Supplies

400

Textbooks, paper, library books, periodicals, classroom supplies

Capital Outlay

500

Items over $500 for single cost; computers, copier purchase, LCD projectors

Other

600

Membership fees

Transfers

700

Transfers to other funds

Tuition

800

Vocational and Special Education tuition