Fund 547 - Liability Account
Department of Enterprise Services - 1790
2 - Treasury Trust Fund
SAAM Budget Type:
Earnings from Investments are:
Credited to the general fund under RCW 43.79A.040(4)(a).
The purpose of the liability account is to pay legal liabilities of the state resulting from tortious conduct, promote risk control through a cost allocation system which recognizes agency loss experience, levels of self-retention, and levels of risk exposure and establish an actuarially sound system to pay incurred losses, within defined limits.
Sources of Revenue:
Charges and Miscellaneous Revenue, Other Miscellaneous Revenue
GA - Internal Service Funds
GE - Risk Management Fund
Closing GL Code:
9400 - Accumulated Earnings(Loss)