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620 Unemployment Compensation Account

Account code: 620
Account title: Unemployment Compensation Account
Administering agency: 5400 - Employment Security Department
Fund type: FA - Enterprise Funds
Roll-up fund: FG - Unemployment Compensation
Cash type: 3 - Local Fund
SAAM budget type: Nonappropriated/Nonallotted (N)
Interest earning authority:
Authority: RCW 50.16.010
Closing GL Code: 9545
Description: The first priority is to provide services to eligible participants within the state; second priority is to provide substitute services or program support; and last priority is the direct payment of funds to the federal government.
Sources of revenue: Contributions, Interest Income, Federal Income Tax, Charges and Miscellaneous Revenue, Other Miscellaneous Revenue
Clientele: Employers and eligible unemployed workers
Effective date: 7/1/1937
Inactive date: