ACCRUALS TO TRUST ACCOUNTS - 19305

In order to properly report the financial status of a Trust Account in the Analysis of Change in Fund Balance (Statement of Operations), agencies/departments will record the following accruals on June 30:

• Accounts Payable for transactions debited to subsidiary accounts in the depositor’s ledger on or as of that date but for which cash has not been disbursed.
• Accounts Receivable for transactions credited to subsidiary accounts in the depositor’s ledger on or as of that date but for which cash has not been received.