| Issue Date: | |
|---|---|
| Revised Date: | 2022-04-26 |
Legal Cites
- Government Code sec. 403.011, sec. 403.012
- Agency Enabling Statute
Object Type
Cash — Other Revenue
Origin Date
Description
Earned federal funds are amounts received in connection with each entitlement period of a federally funded contract, grant or program, excluding reimbursements, not required by the governing agreement to be disbursed.
These typically arise from recovery of costs previously paid from a non-federal source, interagency contracts paid from another agency's federal funds, interest earned on federal funds, and sources such as sale of fixed assets purchased with federal funds. Except for institutions of higher education and their affiliates, expenditure of earned federal funds is limited to appropriation authority granted an agency.
Due Date
Collecting Agencies
The responsible state agency.
Deposit Funds
Credit of the appropriate fund or account.
Note
Indirect cost recoveries should not be included in deposits using this code. For deposit of federal indirect cost recoveries, use revenue code 3726.
USAS Values
| Appropriation Year | 24 |
|---|---|
| USAS Title | FEDERAL RECEIPTS-EARNED CREDIT |
| Receipt Category | 14 – Other |
| Receipt Type | 60 – Federal Receipts |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 03 – FEDERAL INCOME |