How is Carry Forward calculated?
Operating Ledger
Carry Forward is calculated by FOPAL from the Operating Ledger using the following parameters,
We include the following Level 2 Fund Types: 11, 12, 13, 15, 36, 21-29. These Fund Types are defined as the following:
- 11 Budgeted Ops
- 12 Designated Ops
- 13 Service Departments
- 15 Internal Bank
- 36 Gift Fund
- 21-29 Auxiliary Funds
We exclude Accrual Funds 015001, 069771, 094999, 097099, 199001, 457001
Operating Ledger Balance = Total Adjusted Budget - Total YTD Activity
General Ledger
Carry Forward is calculated by Fund from the General Ledger using the following parameters,
Fund Type Details
We include the following Level 2 Fund Types: 11, 12, 13, 15, 36, 21-29. These Fund Types are defined as the following:
- 11 Budget Ops
- 12 Designated Ops
- 13 Service Departments
- 15 Internal Bank
- 36 Gift Funds
- 21-29 Auxiliary Funds
We exclude Accrual Funds 015001, 069771, 094999, 097099, 199001, 457001
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
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)