How is Carry Forward calculated?
Carry Forward is calculated by FOPAL from the Operating Ledger using the following parameters,
We include Fund Types Level 2 (11, 12, 13, 15, 36, 21-29). These Fund Types are defined as the following:
We exclude the following Accrual Funds:015000, 015001, 069970, 069771, 094998, 094999, 199000, 199001, 457000, 457001, 489013, 489014, 829990, 829997, 829998, 890100, 890050, 890051
Operating Ledger Balance = Total Adjusted Budget - Total YTD Activity
Carry Forward is calculated by Fund from the General Ledger using the following parameters,
Fund Type Details
We include Fund Types Level 2 in 11, 12, 13, 15, 36, and 21-29. These Fund Types are defined as the following:
We exclude Accrual Funds 015000, 015001, 069970, 069771, 094998, 094999, 199000, 199001, 457000, 457001, 489013, 489014, 829990, 829997, 829998, 890100, 890050, 890051.
We exclude Allocated Funds that start with 0017, 0011, 004, and 008.
Account Type Details
We include Account Type Level 1 in 10 and 20. These are the accounts in General Ledger which begin with A or B.
|Accounts Included in the Balance||Accounts NOT Included in the Balance|
|11 Cash||16 Due From Other Funds|
|12 Investment||17 Due From Other OUS Institutions|
|13 Receivables||18 Capital Assests/Acc Depr/Amort|
|14 Inventories||19 Deferred Outflows of Resources|
|15 Prepaid Expense||23 Notes Payable|
|21 Accounts Payable||24 Bonds Payable|
|22 Salaries & Wages Payable||27 Due to Other Funds|
|25 Deposits||28 Due to Other OUS Entities|
|26 Deferred Income||29 Deferred Inflows of Resources|
General Ledger Balance = Debits + Credits
Working capital is the dollar amount that the General Ledger balance differs from the Operating Ledger balance when the fiscal year closes. One example of a balance difference, creating working capital, would occur when a fund ends the fiscal year with outstanding invoices. We account for working capital by adding the calculated amount to a "Working Capital" line in the carry forward spreadsheet. Each unit is then given the opportunity to allocate the working capital to the appropriate FOPAL.
Working Capital = General Ledger Balance - Operating Ledger Balance
Total Carry Forward
Total Carry Forward is the Operating Ledger Balance plus any Working Capital.
Carry Forward Balance = Operating Ledger Balance + Working Capital (if any)