ENTRY NO. 31 – [SURPLUS MONEY INVESTMENT FUND] - 10531-OCT-2015

This entry is made when surplus cash is transferred to the Surplus Money Investment Fund.

Authority:
Government Code sections 16470 through 16476 provide for the transfer of surplus cash in certain funds to the Surplus Money Investment Fund for investment by the State Treasurer’s Office.

Information:
Departments that maintain the Cash in State Treasury account for funds are furnished copies of the State Controller's Office (SCO) Notice of Transfer when cash is transferred to or returned from the Surplus Money Investment Fund. (These entries are recorded as of the date on the SCO’s journal entry.)

Note: When cash is returned from the Surplus Money Investment Fund the entry is reversed.

Source Document:

SCO’s Notice of Transfer journal entry

Journal Entry for General Ledger Accounts:

Debit:
1210 Deposits in Surplus Money Investment Fund.

Credit:

1140 Cash in State Treasury