Orange County NC Website
AGENDA ITEM # 2 <br />ATTACHMENT B <br />payments on behalf of educational foundations, contingency funds, and <br />other payments that are not attributable to a program. <br />8100 Payments to Other Governmental Units <br />Include payments to other LEAs or governmental units, which are <br />generally for tuition and transportation for services rendered to <br />pupils residing in the paying LEA. it is also used for indirect cost <br />when used in conjunction with object code 392. <br />8200 Unbudgeted Funds <br />Include unbudgeted federal grant funds administered by the State <br />Board of Education that are being set aside by the LEA and are not <br />a part of the LEA's budgeted funds. These funds are not available <br />for use in the current fiscal for expenditures unless the LEA first <br />transfers an amount from this account to their budgeted line item(s) <br />by means of an approved budget amendment. This code may also <br />be used to identify appropriated but unbudgeted funds in any fund <br />source by the LEA. <br />8300 Debt Services <br />Include debt service payments for lease purchases or installment <br />contracts. <br />8400 lnterfund Transfers <br />Include transfers of funds from one fund to another fund in an LEA. <br />8500 Contingency <br />Include appropriations for use in circumstances not completely <br />foreseen. As monies are required from this item, budget <br />amendments should be made to transfer monies to the appropriate <br />operating function. <br />8600 Educational Foundations <br />Include payments made by the school system on behalf of an <br />education foundation for which the school system has fiscal <br />responsibility <br />8700 Scholarships <br />24 <br />