Financial Administration

APPROPRIATION 904

APPROPRIATION 904

Title:  Reserve for Federal Tax Withholding

State Fund/Agency
Number
Budget
Category
Appropriation
Type
Statute
Reference
Cash Balance
Carryover
103/285 REV Continuing 20.907(5) (e 1) Yes

Statute Language:

Custody Accounts: An account may be established and moneys expended there from under this subsection for any of the following purposes: 1. A trust account or deposit containing moneys which are owned or payable or may be determined to be owned by or payable to persons other than the state. 2. Deposit of checks, share drafts or other drafts drawn upon accounts containing insufficient funds. 3. Sales taxes collected by state agencies prior to the date prescribed for payment to the department of revenue. 4. Insurance loss receipts. 5. Income producing securities donated to the state for a specified purpose. 6. Advances from child caring institutions and counties and moneys receivable from counties under s. 46.037. 7. Moneys held as the result of audit settlements pending appropriate disposition. 8. Rental revenues and expenses for temporary rental property held by the state. 9. Advance payments of program revenue. 10. Advance federal aid project payments. 11. Medicare expenses chargeable to counties. 12. Any contingent fund authorized by law, not directed to be deposited under a specific appropriation. 13. Other purposes allowed by law.

Institutions Which Have Budget Authority for This Appropriation:

Not applicable, there is no budget for this appropriation.

Allowable Major Classes of Expense/Revenue:

Only service/supplies (see qualifications below).

Special Restrictions or Policies/Procedures:

This appropriation is only used to account for federal taxes withheld from non-wage payments made for services provided by non-resident alien vendors who are independent contractors or non-resident aliens who receive income tax reportable scholarship/stipend compensation. Code 3000 is used for the deposit and payment from this appropriation.

Year-End Instructions (lapse, carry forward, etc.):

The deposits to and payments from 904 should net to zero on a fiscal year basis.



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Last Updated: 05/07/2001