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Assisting Georgia schools with management of their financial resources for educating students.
CONTACT INFORMATION
Amy Rowell, CPA CGFM
Georgia Dept. of Education
Financial Review Division
1652 Twin Towers East
205 Jesse Hill Jr. Drive SE
Atlanta, GA 30334
 (404) 656-6754
 (404) 657-5512
  arowell@doe.k12.ga.us

Tessie Warren
Administrative Assistant
 (404) 656-2497
 (404) 657-5512
  twarren@doe.k12.ga.us

 Staff Contact List

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Introduction

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Classification: Funds  Balance Sheet  Revenue Source  Program  Function  Object  Sub Object 
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Governmental accounting systems should be organized and operated on a fund basis. All of an LUA's individual funds are first classified by category and then by generic fund type within each category. There are four categories as follows:
  • Governmental Funds - The funds through which most LUA functions typically are financed.
  • Proprietary Funds - The funds used to account for LUA activities that are similar to business operations used in the commercial sector; or where the reporting focus is on determining net income, financial position and cash flows.
  • Fiduciary Funds - The funds used to account for assets held by the LUA as trustee or agent.
  • Entity Wide - Governmental Funds - The entity-wide funds are used to record and control an LUA's general capital assets and the unmatured principal of its general long-term debt.

A three digit code identifies the accounting entity (i.e., the fund classification). Except for Quality Basic Education (QBE) accounting in the general fund, the LUA has flexibility to establish sub-funds within a fund as needed to identify projects or programs. Fund accounting must include balance sheet, revenue and expenditure accounts for each project or program within a fund. For example, Title I is classified in fund 402.

The four categories listed above are divided into the following generic fund types.