Lesson 2: Recurring Transaction Index (RTI)

Recurring Transaction Index (RTI)

What is an RTI?

The RTI is a six-digit identifier that tells the statewide accounting system how to post the receiving transaction when funds are being passed from one agency to another. The RTI is established by the receiving agency on the 55 (550) Recurring Transaction Profile and is used to automate the receiving transaction on behalf of the receiving agency. Generally, the six-digit RTI number is used on an ITV transaction when the transfer of funding by the two agencies is within the State Treasury.

The RTI process can be used for both cash and non-cash transactions. Once an RTI profile is set up, it may be used by transferring agencies (i.e. paying agencies) repeatedly for other interagency transactions that post to the same coding block.

For guidance on RTI coding, see the 55 (550) Recurring Transaction Profile in USAS Coding Instructions (FPP Q.010).

Two Ways to Process ITVs

RTI process

• Transfer occurs within the State Treasury
• Warrant is not issued
• There is a self-balancing entry for AFR purposes

Non-RTI process

• Warrant is issued
• Agency payments are deposited as funds held outside the State Treasury by agencies or universities — often received into local bank accounts (Use T-code 225 or 231)
• Funds are transferred by Comptroller's office between two agencies. (e.g., payroll benefits)

Next: Transactions Involving Local Bank Accounts