Spreadsheet: 0081c4ff-12f8-4e46-a763-93e84f382ce3
Sheet: Funds

FUND CODES
A fund is a separate fiscal entity and is established to conduct specific activities and objectives in accordance with statutes, laws, regulations, and restrictions or for specific purposes.  As defined by GASB, a fund is a fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations.
NCES Brief code descriptions (see bottom section for subcategories and detail descriptions):
100 | General Fund (Can only have one general fund)
200 | Special Revenue Funds
300 | Capital Projects Funds
400 | Debt Service Funds
500 | Permanent Funds
600 | Enterprise Funds
700 | Internal Service Funds
800 | Trust Funds, Pension Trust Funds, Investment Trust Funds, Private-Purpose Trust Funds
900 | Agency Funds
Note: | NCES uses one digit for fund codes.
Code | Description
[NAME] | Items marked with a yellow box are required for federal reporting purposes.
Governmental Fund Types
100 | General Fund. This fund is the chief operating fund of the school district. It is used to account for all financial resources of the school district except for those required to be accounted for in another fund. A district may have only one general fund.
200 | Special Revenue Funds. This fund is used to account for the proceeds of specific revenue sources (other than trusts or major capital projects) that are legally restricted to expenditure for specified purposes. Some examples of special revenue funds are:
 | Restricted state or federal grants-in-aid and
 | Restricted tax levies. restricted state or federal grants-in-aid and restricted tax levies.
 | A separate fund may be used for each identified restricted source, or one fund may be used, both options are supplemented by the classification Project/Grant Reporting code.
210 | Class [NAME]
220
230 | Adult Education
240 | State Grants
250 | Special Education
260 | Gifts and Donations
270 | Other Special funds / Miscellaneous funds
271 | Net Proceed Mitigation Fund    (NRS 362.171)  Taxes on patented mines and proceeds of minerals/geothermal resources - establishment and use of school district fund for mitigation.
272 | Revenue Stabilization Fund    (NRS 354.6115)  Fund to stabilize operation of local government and mitigate effects of natural disaster.
273 | Insurance Loss Fund  (NRS 393.020)  Fund to manage insurance loss proceeds.  Appropriate use of proceeds is detailed in NRS 393.020.
280 | Federal Funds
285 | Medicaid Funds
290 | Food Service Funds - This fund is for food services such as breakfast, lunch, after-school and milk programs for staff and students.  Policy decision of the governing board or management is to NOT recover the full cost of providing services through fees or charges. If food services are enterprise, use code 600.
300 | Capital Projects Funds / Bond Issues. This fund is used to account for financial resources to be used to acquire or construct major capital facilities (other than those of Proprietary funds and trust funds). The most common source of capital projects funding is the sale of bonds or other capital financing instruments. A separate fund may be used for each capital project or one fund may be used, supplemented by the classification Project/Grant Reporting code.
310 | Residential Construction Tax
330 | Building and [NAME] (includes teacherages)
340 | Governmental Services Tax (GSC)
350 | "Pay As You Go" Tax Fund (property tax levied in accordance with NRS 387.3285)
360 | Bond Issues
370 | Capital Replacement
400 | Debt Service Funds. This fund is used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest.
500 | Permanent Funds. This fund is used to account for resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that support the school district's programs.
Proprietary Fund Types
600 | Food Service / Enterprise Funds. This fund may be used to account for any activity for which a fee is charged to external users for goods or services. Enterprise funds are required to be used to account for any activity whose principal revenue sources meet any of the following criteria:
 | Debt backed solely by revenues from fees and charges (thus, not debt that is backed by the full faith and credit of the school district)
 | Legal requirement to recover costs through fees and charges.
 | Policy decision of the governing board or management is to recover the costs of providing services through fees or charges
 | Some examples of enterprise funds are activities such as the food service catering programs, concessions for sporting events, the bookstore operation, the athletic stadium, or the community swimming pool.
700 | Insurance & Risk Management / Internal Service Funds. This fund may be used to account for any activity within the school district that provides goods or services to other funds, departments, component units, or other governments on a cost-reimbursement basis. The use of an internal service fund is appropriate only for activities in which the school district is the predominant participant in the activity. Otherwise, the activity should be reported as an enterprise fund. Examples of internal service funds are such activities as central warehousing and purchasing, central data processing, and central printing and duplicating.
701 | Insurance Property Casualty
702 | Health Insurance
703 | Workers Compensation
704 | Unemployment Compensation
705 | Other Insurance / Risk
710 | [NAME]
Fiduciary Fund Types
800 | Trust Funds. These funds are used to account for assets held by a school district in a trustee capacity for others (e.g., members and beneficiaries of pension plans, external investment pools, or private purpose trust arrangements) and therefore cannot be used to support the school district's own programs. Trust funds are generally accounted for on the economic resources measurement focus and the accrual basis of accounting (except for the recognition of certain liabilities of defined benefit pension plans and certain post-employment healthcare plans; refer to GASB 26 and 27 for guidance on the recognition of these liabilities). Trust funds include pension trust funds, investment trust funds, and private-purpose trust funds (as described below).
810 | Pension Trust Funds. This fund is used to account for resources that are required to be held in trust for members and beneficiaries of defined benefit pension plans, defined contribution plans, other post-employment benefit plans, or other benefit plans. Typically, these funds are used to account for local pension and other employee benefit funds that are provided by a school district in lieu of or in addition to any state retirement system.
820 | Investment Trust Funds. This fund is used to account for the external portion (i.e., the portion that does not belong to the school district) of investment pools operated by the school district.
830 | Private-Purpose Trust Funds. This fund is used to account for other trust arrangements under which the principal and income benefit individuals, private organizations, or other governments.
900 | Student Activities / Agency Funds. This account is used for funds that are held in a custodial capacity by a school district for individuals, private organizations, or other governments. Agency funds may include those used to account for student activities or taxes collected for another government.