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Pro Rata Transfers

Pro Rata Transfers. Pro Rata Transfers. In June, Finance certifies to the State Controller’s Office (SCO) the billable funds. Certification informs the SCO to transfer from the appropriation or directly from the fund. Pro Rata Transfers - continued. Quarterly, SCO transfers funds from:

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Pro Rata Transfers

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  1. Pro Rata Transfers

  2. Pro Rata Transfers In June, Finance certifies to the State Controller’s Office (SCO) the billable funds. Certification informs the SCO to transfer from the appropriation or directly from the fund.

  3. Pro Rata Transfers - continued Quarterly, SCO transfers funds from: State department appropriation. Directly from a fund. All transferred funds are deposited in the General Fund.

  4. Pro Rata Transfers - continued Transfers are an automatic process. SCO sends each State department a journal entry notifying them of the transfer. Pro Rata analyst receives a copy of the transfer.

  5. Pro Rata Transfers - continued Each State department: Records the transfer. Reconciles the transfer with SCO. Notifies SCO of any discrepancies.

  6. Pro Rata Transfers - continued Click on the link (below) to see a State department fund report. 5 PRORATA DETAIL FUNDS_ocjp.rtf For the above State department, the next slide shows the transfer dates and the amount to be transferred.

  7. Pro Rata Transfers- continued SpecialFunds Quarterly, the State Controller’s Office transfers equal amounts. Third Quarter February 15 FirstQuarterAugust 15 SecondQuarterNovember 15 Fourth QuarterMay 15 Example: GeneralFund State dept. Fund Pro Rata Charge 0268 8120 $74,558 $18,639.50 The amount to be transferred automaticallyeach quarter by the State Controller’s Office

  8. Pro Rata Historical Data Link to Pro Rata Historical Data

  9. We hoped this helped. Please view our other presentations.

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