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How Budgets are Categorized cont. 22

Textbooks - Fund 555 Capital Related Funds 600 - 700
This fund is used to account for monies received from Unrestricted Capital Outlay - Fund 610
students to replace or repair lost or damaged textbooks
and library books, supplementary books or instructional The Unrestricted Capital Outlay section of the budget
computer software. (A.R.S. §15-729). accounts for budgeted expenditures for acquisitions by
purchase, lease-purchase, lease or long-term lease of
Indirect Costs - Fund 570 capital items. These are defined in the Uniform System
of Financial Records, which include the following areas:
This fund is used to account for monies transferred from
federal projects, including the Food Service Fund, for 1. Land, buildings, and improvements to land and
administrative costs. A district may use this fund only buildings, including labor and related benefits costs
when it has obtained an indirect cost rate approved by and materials if the work is performed by school
the Arizona Department of Education. district employees.

Unemployment Insurance - Fund 575 2. Furniture, furnishings, athletic equipment and other
This fund is used by districts using the reimbursement equipment, including software.
(self-insured) method of accounting for unemployment 3. Pupil and non-pupil transportation vehicles and
insurance contributions. Deposits are made into this equipment, including all capital expenditures within a
fund based on an appropriate percentage of salaries in contract, if the district contracts for pupil transportation.
various funds. When former employees draw upon their
benefits, expenditures are made from this fund to reim- 4. Instructional aids, including instructional software.
burse the Department of Economic Security.
5. Library books.
Advertising - Fund 595 Please consult the USFR Chart of
Fund 595 is used to record revenues The governing board Accounts to help determine whether an
from the sale of advertising space, of a district may permit item should be coded as to the Unre-
such as on the exterior of school stricted Capital Outlay Fund.
buses or on athletic facilities. the use of school prop-
erty, under its direction, Adjacent Ways - Fund 620
Career Technological and for civic activities
Education Districts - This fund is used to account for special
property tax assessments used for
Fund 596 constructing, maintaining or otherwise
This fund is used to account for reve- improving any public way adjacent to any
nues received by member districts from Career Techno- parcel of land owned by the school district or leased for
logical and Education Districts for use in joint technical school purposes by the school district, or an intersection
education programs. of any public way adjoining a quarter block in which the
parcel of land is situated, and for the construction of side-
walks, sewers, utility lines, roadways and other related
improvements in or along such streets and intersec-
tions. The monies generated from this assessment shall
not be used for any construction, maintenance or other
improvements to the school district’s property except
improvements necessary to assure the safe ingress and
egress for buses and fire equipment in accordance with
A.R.S. §15-995. Unexpended funds can be carried over
from year to year and interest earned should be credited
to the fund.

Arizona Association of School Business Officials | School Finance Summary Manual