Fund 802 - School Employees' Benefits Board Salary Reduction Account
Authority:
RCW 41.05.123
Admin Agency:
Wash State Health Care Authority - 1070
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Earnings from Investments are:
Credited to the general fund under RCW 43.79A.040(4)(a).
Description:
To hold participating school employees' salary reduction amounts that are used to pay for benefits provided by the school employees' benefits board medical flexible spending arrangement and dependent care assistance program from funds withheld.
Sources of Revenue:
Deposits to this account are recorded as miscellaneous revenue; however, these funds are not considered funds of the state as they are held in trust for participating school employees.
Clientele:
Participating school employees
Effective Date:
06/07/2018
Inactive Date:
Public Notes:
ACFR Information
Account Code:
802
Account Title:
School Employees' Benefits Board Salary Reduction Account
Fund Type:
HD - Custodial Funds
Rollup Fund:
KA - Other Custodial Funds
Closing GL Code:
9584 - Restricted for Custodial
