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:

 

This site provides information using PDF, visit this link to download the Adobe Acrobat Reader DC software.