Reconciliation of reserve fund and reserve accounts
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
At the close of each fiscal year, the reserve accounts and reserve funds shall be reconciled as follows: if none of the reserve fund has been invested, the total of the reserve accounts 2510, 2520 and 2530 shall equal the Reserve Fund, account 1113, plus the amount of reserves computed for the year but not as yet transferred to the reserve fund. If any investments have been made of the reserve fund, the total of the reserve accounts 2510, 2511, 2512, 2520 and 2530 shall equal the total of amounts 1113, Reserve Fund, and 1176, Reserve Fund Investments, plus any accrued interest receivable on the investments but not yet received plus the amount of reserves computed for the year but not as yet transferred to the reserve fund. A similar reconciliation shall then be made with respect to each reserve account, accounts 2510, 2511 and 2512, being treated for this purpose as the replacement reserve, as per section 1647-4.9. The combined reconciliations shall be reflected in a schedule to be included, in an original and duplicate, with each financial report to be submitted during the operating period for the last quarter of the fiscal year, ending on March 31 (see Subpart 1647-8).