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Definitions of fund types and roll-up funds

General Fund

AA

The General Fund - Basic Account accounts for all financial resources and transactions not accounted for in other funds.

AC

Administrative Accounts in the General Fund - Used for accounts that have administrative functions but do not have a specific revenue source, and are generally funded with General Fund transfers. This includes the Budget Stabilization Account and accounts used to finance local projects, which are generally funded with bond proceeds and do not result in an asset owned by the state.

AZ

Other Accounts in the General Fund - Used for accounts that have no balances or activity.

Special revenue funds

Special Revenue Funds account for the proceeds of specific revenue sources (other than trusts for individuals, private organizations, or other governments, or for major capital projects) that are legally restricted to expenditures for specific purposes.  A brief description of each fund follows:

BA

Motor Vehicle Fund revenues are generated from vehicle fuel taxes, vehicle licenses, and federal transportation agencies. This fund accounts for the following: (1) highway activities of the Washington State Patrol; (2) operation of the state ferry system; and (3) maintenance of non-interstate highways and bridges, completion and preservation of the interstate system, other transportation improvements.

BB

Multimodal Transportation Fund revenues are derived principally from motor vehicle operators.   This fund accounts for activities relating to drivers’ licensing, driver improvement, financial responsibility, maintenance of driving records, and other non-highway transportation improvements.

BD

The Central Administrative and Regulatory Fund accounts for operating expenditures of certain administrative and regulatory agencies.

BE

The Human Services Fund accounts for the following: (1) funds provided to local governments for the construction or substantial remodeling of detention and correctional facilities, and (2) defraying the cost of administering unemployment compensation.

BF

The Wildlife and Natural Resources Fund accounts for the protection and management programs of the state's wildlife, habitats, and natural resources, including forests, water, and parks.

BG

The Higher Education Fund primarily accounts for grants and contracts received for research and other educational purposes. This fund also accounts for charges for services by state institutions of higher education.

BH

The Local Construction and Loan Fund accounts for construction and loan programs for local public works projects.

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Debt service funds

Debt Service Funds account for the accumulation of resources for, and the payment of, principal and interest on the state's bonds issued in support of governmental activities. A brief description of each fund follows:

CA

The General Obligation Bond Fund accounts for the accumulation of resources for, and the payment of, non-transportation general obligation long-term debt principal and interest.

CB

The Transportation General Obligation Bond Fund accounts for the accumulation of resources for, and the payment of, general obligation transportation bond principal and interest.

CC

The Tobacco Settlement Securitization Bond Fund accounts for the accumulation of resources for, and the payment of, principal and interest on bonds issued by the Tobacco Settlement Authority, a blended component unit of the state.

CD

The Transportation Revenue Bond Fund accounts for the accumulation of resources for, and the payment of, revenue transportation bond principal and interest.

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Capital projects funds

Capital Projects Funds account for the acquisition, construction, or improvement of major capital facilities (other than those financed by proprietary funds for individuals, private organizations, or other governments). A brief description of each fund follows:

DA

The State Facilities Fund accounts for the construction and remodeling of public buildings.

DB

The Higher Education Facilities Fund accounts for the acquisition, construction, and remodeling of higher education facilities.

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Permanent funds

Permanent Funds account for resources that are legally restricted to the extent that only earnings, and not principal, may be used for the benefit of the state or its citizenry. A brief description of each fund follows:

EA

The Higher Education Endowment and Other Permanent Funds account for gifts and bequests that the donors have specified must remain intact. Each gift is governed by various restrictions on the investment and use of the funds.

EC

The Common School Permanent Fund accounts for the principal derived from the sale of timber. Interest earned is used for the benefit of common schools.

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Enterprise funds

Enterprise Funds account for any activity for which a fee is charged to external users for goods or services. If an activity's principal revenue source meets any one of the following criteria, it is required to be reported as an enterprise fund: (1) an activity financed with debt that is secured solely by pledge of the net revenues from fees and charges for the activity; (2) laws or regulations which require that the activity's costs of providing services, including capital costs, be recovered with fees and charges, rather than with taxes or similar revenues; or (3) pricing policies which establish fees and charges designed to recover the activity's costs, including capital costs. A brief description of each fund follows:

FA

The Liquor Fund accounts for the administration and operation of state liquor stores, warehouses, and the distribution of net proceeds.

FB

The Workers’ Compensation Fund accounts for the workers’ compensation program that provides medical, time-loss, and disability benefit payments to qualifying individuals sustaining work-related injuries.

FD

The Lottery Fund accounts for lottery ticket revenues, administrative and operating expenses of the Lottery Commission, and the distribution of revenue.

FE

The Institutional Fund accounts for the enterprise activities (industries) carried out through vocational/education programs at the correctional institutions.

FG

The Unemployment Compensation Fund accounts for the unemployment compensation program. It accounts for the deposit of funds requisitioned from the Federal Unemployment Trust Fund, to provide services to eligible participants within the state, and to pay unemployment benefits.

FH

The Higher Education Student Services Fund is used by colleges and universities principally for bookstore, cafeteria, parking, student housing, food service, and hospital business enterprise activities.

FI

The Other Activities Fund accounts for the following: (1) the operation of computer systems for legislative information, (2) the pollution liability insurance program, and (3) the Judicial Information System.

FK

The State Guranteed Education Tuition Program Fund accounts for the guaranteed college tuition program.

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Internal service funds

Internal Service Funds account for state activities that provide goods and services to other state departments or agencies on a cost-reimbursement basis.   A brief description of each fund follows:

GA

The General Services Fund accounts for the cost of providing the following services to state agencies: (1) legal services, (2) operation and management of real estate, (3) facilities and related services, (4) central stores, (5) operations of the motor pool, (6) auditing of state and local governmental units, (7) administration of the state civil service law, (8) administrative hearings, and (9) archives and records management.

GB

The Data Processing Revolving Fund accounts for distribution and apportionment of the full cost of data processing and data communication services to other state agencies, and for the payment of other costs incidental to the acquisition, operation, and administration of acquired data processing services, supplies, and equipment.

GD

The Higher Education Revolving Fund accounts for stores, data processing, educational, operational printing and duplication, motor pool, and other support service activities at colleges and universities.

GE

The Risk Management Fund accounts for the administration of liability, property, and vehicle claims, including investigation, claim processing, negotiation and settlement, and other expenses relating to settlements and judgments against the state not otherwise budgeted.

GF

The Health Insurance Fund accounts for premiums collected and payments for employees' insurance benefits.

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Private-purpose trust funds

Private-purpose trust funds are used to report trust arrangements, other than pension and investment trusts, under which principal and income benefit individuals, private organizations, or other governments. A brief description of each fund follows:

JA

The Human Services Trust Fund accounts for miscellaneous human services activities such as recoveries on behalf of children receiving support payments from non-custodial parents.

JD

The Other Private-Purpose Trust Fund accounts for various assets held in trust for other governments, individuals, or the public at large such as the administration of unclaimed property.

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Investment trust funds

Investment trust funds are used to external investment pools.

IA

The Local Government Pooled Investments Fund is used to report the external portion of the LGIP, which is reported by the state as the sponsoring government.

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Pension (and other employee benefit) trust funds

Pension (and other employee benefit) Trust Funds are used to report resources that are required to be held in trust by the state for the members and beneficiaries of defined benefit pension plans, defined contribution pension plans, and other employee benefit plans. Membership requirements for each system are described below:

HA

Public Employees’ Retirement System Plan 1 Fund membership includes eligible employees who first became members on or before September 30, 1977.  The following are examples of the types of employees included in membership if they work for a PERS covered employer: elected officials; state employees, employees of the Supreme, Appeals, and Superior Courts other than judges; employees of legislative committees; community and technical college, college, and university employees not in national higher education retirement programs; judges of district and municipal courts; classified employees of school districts, and educational service districts; and employees of local governments, who joined the system by September 30, 1977.

HB

Public Employees’ Retirement System Plan 2 and 3 Defined Benefit Fund membership includes eligible employees who first became members after September 30, 1977.   The following examples of the types of employees included in membership if they work for a PERS covered employer: elected officials; state employees; employees of the Supreme, Appeals, and Superior Courts other than judges currently in the Judicial Retirement System; employees of legislative committees; community and technical college, college, and university employees not in national higher education retirement programs; judges of district and municipal courts; classified employees of school districts and educational service districts until September 1, 2000; and employees of local governments and political subdivisions.

HC

Public Employees’ Retirement System Plan 3 Defined Contribution Fund membership includes Plan 2 members who elected to transfer their membership to Plan 3, and eligible employees who first became members after March 1, 2002, for state and higher education employees, or September 1, 2002, for local government employees, that may elect Plan 2 or Plan 3. The following examples of the types of employees included in membership if they work for a PERS covered employer: elected officials; state employees; employees of the Supreme, Appeals, and Superior Courts other than judges currently in the Judicial Retirement System; employees of legislative committees; community and technical college, college, and university employees not in national higher education retirement programs; judges of district and municipal courts; classified employees of school districts and educational service districts until September 1, 2000; and employees of local governments and political subdivisions.

HE

Teachers’ Retirement System Plan 1 Fund membership is limited to certified employees in grades K-12 in the public schools, educational service districts, and institutions of higher education, who joined the system on or before September 30, 1977.

HF

Teachers’ Retirement System Combined Plan 2 and 3 Defined Benefit Fund membership is limited to certified employees in grades K-12 in the public schools, educational service districts, and institutions of higher education, who joined the system after September 30, 1977.

HG

Teachers’ Retirement System Plan 3 Defined Contribution Fund membership is limited to certified employees in grades K-12 in the public schools, educational service districts, and institutions of higher education, who joined the system after June 30, 1996 and those members of Plan 2 who exercised an irrevocable option to transfer to Plan 3.

HH

Public Safety Employees' Retirement System Plan 2 Fund membership includes public safety employees of the Washington state department of corrections, parks and recreation commission, gambling commission, state patrol, liquor control board, county corrections departments, and city corrections departments not covered under chapter 41.28 RCW, who became members on or after July 1, 2006.

HI

Law Enforcement Officers’ and Fire Fighters’ Retirement System Plan 1 Fund membership includes all full-time, fully compensated, local law enforcement officers and fire fighters, who became members before October 1, 1977.

HJ

Law Enforcement Officers’ and Fire Fighters’ Retirement System Plan 2 Fund membership includes all full-time, fully compensated, local law enforcement officers and fire fighters, who became members on or after October 1, 1977.

HK

State Patrol Retirement System Plan 2 Fund membership is limited to commissioned employees of the Washington State Patrol who joined on or after January 1, 2003.

HL

State Patrol Retirement System Plan 1 Fund membership is limited to commissioned employees of the Washington State Patrol who joined by December 31, 2002.

HM

Judicial Retirement Fund membership includes judges first elected or appointed to the Supreme Court, Court of Appeals, and Superior Courts on or after August 9, 1971 and prior to July 1, 1988.

HN

Volunteer Firefighters’ and Reserve Officers' Retirement Fund membership requires volunteer service with a fire or police department of an electing municipality of the state.

HP

Judges Supplemental Retirement Defined Contribution Fund membership includes judges elected or appointed to the Supreme Court, Court of Appeals, and Superior Courts who are members of the Public Employees’ Retirement System for their service as judges.

HQ

Judges Retirement Fund membership includes judges elected or appointed to the Supreme Court, Court of Appeals, and Superior Courts prior to August 9, 1971.

HR

School Employees' Retirement System Plan 2 and 3 Defined Benefit Fund membership is limited to classified school district and educational service district employees who were members of PERS Plan 2 on September 1, 2000 and did not transfer to SERS 3 and former members of PERS 2 who enter employment in a SERS covered position after September 1, 2000 and do not elect to transfer to SERS 3.

HS

School Employees’ Retirement System Plan 3 Defined Contribution Fund membership is limited to classified school district and educational service district employees, who first became members on or after September 1, 2000 and those members of PERS Plan 2 who exercised an irrevocable option to transfer to Plan 3.

HT

The Deferred Compensation Trust Fund is used to account for the amount of compensation deferred by state employees and employees of other political subdivisions electing to participate in a deferred compensation plan in accordance with Internal Revenue Code Section 457.   Also includes the administrative costs of the deferred compensation program.

HV

Higher Education Retirement Plan Supplemental Benefit Fund membership is limited to higher education employees.

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Agency funds

Agency Funds account for resources held by the state in a custodial capacity. A brief description of each fund follows:

KA

The Clearing Fund accounts for (1) assets held for employees; foster children; inmates, patients, and residents of state institutions; (2) the local government share of contracted timber sales; and (3) monies held under other custodial responsibilities of the state.

KB

The Suspense Fund accounts for receipts where final disposition is pending.

KC

The Local Government Distributions Fund accounts for the receipt and allocation of taxes and fees imposed by local governments.

KD

The Pooled Investments Fund is used to administer the pooling and investing of surplus state funds, and the accumulation and allocation of interest earned among the various accounts and funds from which such investments and investment deposits were made.

KE

The Retiree Health Insurance Fund accounts for the payment of health care coverage for retirees.

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General capital asset and long-term obligation subsidiary accounts

LA

General Capital Assets Subsidiary is to account for capital assets used in governmental operations, rather than in the individual funds.  

LB

General Long-Term Obligations Subsidiary is used to account long-term liabilities expected to be financed from governmental funds, rather than in the individual funds.

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Component units (MZ)

Blended component units are entities that are legally separate from the state but reported as if part of the state when they exist for the exclusive benefit of the state.

 

The Tobacco Settlement Authority (TSA) was created to issue bonds to securitize a portion of the state's future tobacco settlement revenue in order to generate funds for increased costs of health care, long-term care, and other programs of the state.

Discrete component units are legally separate entities which are included in the states financial statements in accordance with Statement Number 14 of the Governmental Accounting Standards Board. They issue nonrecourse revenue bonds to provide low cost capital financing for programs deemed to be in the public interest without using public funds or lending the credit of the state.

 

Proprietary Fund Type Financing Authorities are: (1) Washington State Housing Finance Commission which makes funds available to help provide housing throughout the state, and to finance or refinance nursing homes and capital facilities owned and operated by nonprofit corporations; (2) Washington Higher Education Facilities Authority which provides funds to qualified nonprofit higher education institutions in the state; (3) Washington Health Care Facilities Authority which makes funds available to qualified nonprofit health care facilities in the state; and (4) Washington Economic Development Finance Authority which makes funds available to small and medium-sized businesses in the state for qualifying manufacturing and processing facilities and projects.

 

The Washington State Public Stadium Authority was created to acquire, construct, own, and operate a stadium, exhibition center, and parking garage.

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