Lesson 1: General Revenue (GR) Reconciliation

Purpose

Appropriated funds have a controlling agency that usually is the main collector of the revenue source for the fund and may or may not share the fund with a non-controlling agency. For appropriated fund 0001, the controlling agency is agency 902 (Comptroller’s office).

The non-controlling agencies do not usually have a revenue source to report on their operating statement to support the appropriation authority for the expenditures, nor the actual cash to report on their balance sheet. Therefore, the non-controlling agencies report the total appropriation authority they were given for that fiscal year as revenue. The non-controlling agency reports its remaining legislative appropriation authority at fiscal year-end as an asset (for example, legislative appropriations, general ledger [GL] 9000). The GR reconciliation helps calculate these legislative appropriation amounts the non-controlling agencies report for appropriated fund 0001.

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