Financial Administration



Title:  Employer's Share Fringe Benefit Clearing

State Fund/Agency
Cash Balance
103/285 REV Continuing 20.907(5) (e 13) 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:

Fringe benefits only.

Special Restrictions or Policies/Procedures:

This appropriation is only used for the various fringe benefit clearing transactions required in the UW Processing Center to distribute costs properly and to accommodate the payment of state-share fringes within the time frames required.

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

The year-end balance for this appropriation should be zero.

Appropriation Structure | Financial Administration Home Page

This information is provided as a service of The University of Wisconsin System Administration
Office of Financial Administration.
To suggest possible additions or improvements, please contact Financial Administration (608) 262-1313

Last Updated: 05/07/2001