Enterprise Systems

FIRMS Data Element Dictionary: Legal Fund Group

Element Name: Legal_Fund_Group_Code
Element Length: X
Element Type: Char
Format: X
FIRMS
Data Element
Dictionary
Index

Definition:

Legal Fund Group Code is established by the Department of Finance according to the Generally Accepted Accounting Principles (GAAP/GASB). It is used to group state funds based on GASB Fund classification. The Legal Fund Group Code is a break down of the Legal Fund Type Code. The State of California Uniform Codes Manual is the source reference.

Valid Values:

Governmental

G = General Fund: is the main operating fund of the State. It accounts for transactions related to resources obtained and used for services that do not need to be accounted for in another fund.

S = Special Revenue: account for transactions related to resources obtained from dedicated revenue sources (other than for expendable trusts or capital projects) that are legally restricted to expenditures for specific purposes.

C = Capital Projects: account for transactions related to resources obtained and used for the acquisition or construction of capital facilities.

D = Debt Service

U = Unclassified Governmental

Proprietary

E = Enterprise: Account for goods or services provided to the general public on a continuing basis either where the State intends that all or most of the costs involved are to be financed by user charges or where periodic measurement of the results of operations is appropriate for management control, accountability, or other purposes.

I = Internal Service: account for goods or services provided to other funds, agencies, departments, or governments on a cost-reimbursement basis.

P = Unclassified Proprietary

Fiduciary

R = Retirement: account for transactions, assets, liabilities, and net assets available for plan benefits of the retirement systems.

O = Trust and Agency - Others: account for assets held in a trustee capacity or as an agent for individuals, private organizations, other State and local governmental units, and/or other funds.

F = Trust and Agency - Federal: account for assets held in a trustee capacity or as an agent for Federal governmental units and/or funds.

X = Unclassified Fiduciary: for more information refer to State Administrative Manual, Section 7400.