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Fund 446

Fund Reference Manual

446-Industrial Insurance Rainy Day Fund Acct

Account Code:
446
Account Title:
Industrial Insurance Rainy Day Fund Acct
Admin Agency:
Department of Labor and Industries - 2350
Fund Type:
FA - Enterprise Funds
Rollup Fund:
FB - Workers' Compensation Fund
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Interest Earning Authority:
43.79A.040
Authority:
Closing GL Code:
9400
Description:
To establish a rainy day fund. These monies may be transferred to the accident fund or the medical aid fund upon finding that the transfer is necessary to reduce a rate increase or aid businesses in recovering from or during economic recessions.
Sources of Revenue:
Transfers from the accident and medical aid funds.
Clientele:
Businesses.
Effective Date:
Wed, 06/15/2011
Inactive Date:
Public Notes: