Fund 620 - Unemployment Compensation Account
Authority:
RCW 50.16.010
Admin Agency:
Employment Security Department - 5400
Cash Type:
3 - Local Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Earnings from Investments are:
Credited to the appropriate fund as directed by the Legislature and/or the administering agency of the fund. RCW’s 43.79A.040 and 43.84.092 do not apply.
Description:
The first priority is to provide services to eligible participants within the state; second priority is to provide substitute services or program support; and last priority is the direct payment of funds to the federal government.
Sources of Revenue:
Contributions, Interest Income, Federal Income Tax, Charges and Miscellaneous Revenue, Other Miscellaneous Revenue
Clientele:
Employers and eligible unemployed workers
Effective Date:
07/01/1937
Inactive Date:
Public Notes:
ACFR Information
Account Code:
620
Account Title:
Unemployment Compensation Account
Fund Type:
FA - Enterprise Funds
Rollup Fund:
FG - Unemployment Compensation
Closing GL Code:
9545 - Restricted for Unemployment Compensation
