Form 30 takes the governmental funds from their excess of revenues over expenditures to their ending fund balance. It carries everything that changes fund balance but is not revenue or expenditure.
Other financing sources and uses
| CACOA object | Form 30 line |
|---|---|
| 8000 Transfers In | R12 Transfers In |
| 8010 Transfers Out | R13 Transfers Out |
| 8020 Proceeds of Debt (bonds, COPs) | R02 Long-Term Debt: Bonds, COPs, and Other Agency Debt |
| 8021 Proceeds of loans, notes, and construction financing | R03 Construction Financing and Other Long-Term Debt |
| 8030 Sale of Capital Assets | R09 Proceeds from Sale of Capital Assets |
| 8500 Insurance Recoveries | R11 Insurance Recoveries |
| 8510 Lease Financing (GASB 87) | R01.5 Lease Financing |
| 8520 Subscription Financing (GASB 96) | R01.6 SBITA Financing |
| 8530 Refunding Bond Proceeds | R04 Refunding Bonds Proceeds |
| 8540 / 8550 Premium / Discount on Bonds | R05 / R06 |
| 8560 Payment to Refunded Bond Escrow Agent | R07 |
| 8570 / 8580 Refinancing proceeds / payments | R03.6 / R03.7 |
| 8600 / 8610 Special / Extraordinary Items | R15 / R16 |
Uses (transfers out, discounts, escrow payments, refinancing payments) report as negative amounts on this form.
Transfers or something else?
The State Controller's instructions follow GAAP on interfund activity:
- Transfers move resources with no expectation of repayment. Loans that will not be repaid are transfers.
- Interfund loans are receivables and payables (1150/2030 short-term, 1340/2140 long-term), not transfers.
- Interfund services (one fund selling to another as part of normal operations) are revenue to the seller (3340) and expenditure to the buyer.
- Reimbursements, including overhead allocations, are expenditures in the fund that bears the cost and a reduction of expenditures in the fund that paid first.
Transfers must balance across all funds. A transfer out with no matching transfer in is one of the most common FTR review questions.
Lease and subscription financing
When a governmental fund enters a GASB 87 lease or a GASB 96 subscription, it records an expenditure for the asset (capital outlay) and an equal other financing source (8510 or 8520). The payments that follow are debt service (7050-7061). The asset and liability themselves live in the government-wide ledger and report on form 40.
Fund balance rollforward
Beginning fund balance, the adjustment line, and ending fund balance are calculated from the prior-year report and the activity above. Prior-period adjustments go on the adjustment line with an explanation. The ending balance by classification (nonspendable, restricted, committed, assigned, unassigned) reports on the balance sheet, form 37.