Financial Administration



Title:  Revenue Clearing Account

State Fund/Agency
Cash Balance
103/285 REV Continuing 20.907(5) (e 13) No

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:

All types of revenue are allowed since this is a revenue clearing account. Expenses can not be charged to this appropriation.

Special Restrictions or Policies/Procedures:

This appropriation should only be used to deposit money received by an institution before it is allocated to the appropriate account.

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

All revenue in this appropriation must be distributed to the proper current year accounts or transferred to the new fiscal year by July 31, annually. Appropriation 990 must always have a zero balance by the end of the fiscal year.

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