1

GENERAL FUNDBOOKKEEPING

2

CFRMAnd

Modified Accrual

3

REVENUE RECOGNITIONGENERAL FUND

4

MeasurableAnd

Available

5

NO BAD DEBT EXPENSE

6

JOURNAL ENTRY

DEBIT Accounts Receivable

CREDIT Allowance for Uncollectible

CREDIT Revenue

7

60 DAY RULE

8

JOURNAL ENTRIES

To Defer (Year End)

DEBIT Revenue

CREDIT Deferred Revenue

To Reverse (Next Year)

DEBITDeferred Revenue

CREDIT Revenue

9

CONDITIONAL GRANTS

REIMBURSEMENT GRANTS

10

ENCUMBRANCESGENERAL FUND

11

NOT REQUIREDBY

GASB

12

PURCHASE ORDERS

EXECUTORY CONTRACTS

13

RECURRING EXPENDITURESUSUALLY NOTENCUMBERED

14

REMEMBER TO REVERSE

15

ENCUMBRANCES

EXPENDITURE

16

WHAT HAPPENS TOOPEN ENCUMBRANCES?

DEPENDS ON POLICY