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Fund 620

Fund Reference Manual

620-Unemployment Compensation Account

Account Code:
620
Account Title:
Unemployment Compensation Account
Admin Agency:
Employment Security Department - 5400
Fund Type:
FA - Enterprise Funds
Rollup Fund:
FG - Unemployment Compensation
Cash Type:
3 - Local Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Interest Earning Authority:
N/A
Authority:
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:
Thu, 07/01/1937
Inactive Date:
Public Notes: