Butte School District

Financial Management

7410

Fund Accounting System

The accounts of the District are organized on the basis of funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for by providing a separate set of self-balancing accounts. The accounts of the District are maintained on the modified accrual basis of accounting. The following funds are maintained by the District:

Fund Number	Fund Name	Fund Number	Fund Name
101	Elem. General Fund	199	General Long Term Debt
110	Elem. Transportation Fund	201	HS General Fund
111	Elem. Bus Depreciation Fund	210	HS Transportation Fund
112	Elem. Food Service Fund	211	HS Bus Depreciation Fund
113	Elem. Tuition Fund	213	HS Tuition Fund
114	Elem. Retirement Fund	214	HS Retirement Fund
115	Elem. Misc. Federal Fund	215	HS Misc. Federal Fund
117	Elem. Adult Education Fund	217	HS Adult Education Fund
119	Medicaid Special Services	218	HS Traffic Education Fund
120	Lease Rental	220	Lease Rental
121	Elem. Sick Leave Reserve	221	High Sick Leave Reserve
122	Expendable Trusts	222	Expendable Trusts
124	Metals Mine Reserve	224	Metals Mine Reserve
126	Impact Aid Fund	225	Indirect Costs
128	Elem. Technology Fund	226	Impact Aid Fund High
129	Flexibility Fund	228	HS Technology
160	Elem. Building Fund	229	Flexibility Fund
163 ARCO Bldg. Fund	250 HS Debt Service Fund
181 Endowment Fund	260 HS Building Fund
184	Co-Curr. Activity Fund	275	Activity Bus Service Fund
186	Payroll Fund	281	High Endowment
187	Claims Clearing Fund	284	Co-Curr. Activities Fund
189	Cobra Insurance	298	General Fixed Assets
198	General Fixed Assets	299	General Long Term Debt

Legal Reference:
§ 20-9-201, MCA Definitions and application

Policy History:
Adopted on: 10/18/04
Revised on:

Butte School District

Financial Management

7410

Fund Accounting System

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