Part III - UNM Finance: Practical Applications

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Standard Accounting Resource Manual (SARM)

MSC 0000 00
1 University of New Mexico
Albuquerque, NM 87131

1900 - Reserves

For unrestricted indices, the remaining amount left [i.e., funds left to spend] or the cash deficit [i.e., funds you spent but did not have] at fiscal year end is rolled forward in the accounting system into the new fiscal year.  This is the reserves for the year.  It is like the starting balance in your checkbook.  This roll forward is part of the Year-End Roll Process; roll forwards are posted to account code 1900.  Journal entries cannot be done using  account code 1900.  The reserves represent actual dollars, not budget.  The Year-End Roll Process uses the JBF Rule Class Code to post these transactions to account 1900.