Transfers between reserves
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
Cash and investments for reserves may be transferred to and from each other, as the need arises, by journal entry, duly authorized by resolution of the local agency. Such transfers shall be made at the book value of the investment as of the date of transfer. For example, assume that the vacancy and collection loss reserve has cash and that the painting and decorating reserve, which needs cash, has investments with a book value of $1,050. The journal entry to record the transfer would be:
Entry (6):
Explanation:
To record the transfer or $1,000 face value U.S. Treasury certificate of indebtedness, due October 1, 1948, from the painting and decorating reserve to the vacancy and collection loss reserve, as authorized by resolution no. ____, dated ______, 19_.