<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=us-ascii">
<meta name="Generator" content="Microsoft Exchange Server">
<!-- converted from rtf -->
<style><!-- .EmailQuote { margin-left: 1pt; padding-left: 4pt; border-left: #800000 2px solid; } --></style>
</head>
<body>
<font face="Calibri, sans-serif" size="2">
<div> </div>
<div><font face="Arial, sans-serif" size="2" color="#000080">To be in compliance with GASB 54, the process for changing the fund number is the same as for changing a fund name. The information below is if a Fund 200 – Special Revenue Fund must be moved to
a 400 – Capital Projects Fund.</font></div>
<div><font face="Arial, sans-serif" size="2" color="#000080"> </font></div>
<div><font face="Arial, sans-serif" size="2" color="#000080">If your district is just starting the budget process for next year (11-12), just start a new 400 fund and budget zero in the 200 fund. If the budget committee has already approved the budget for next
year, the board can make this change between the hearing and when they adopt the budget. If the budget has already been adopted, adopt a resolution that the 200 fund is now a 400 fund.</font></div>
<div><font face="Arial, sans-serif" size="2" color="#000080"> </font></div>
<div><font face="Arial, sans-serif" size="2" color="#000080">If a change is required for the current year column (10-11), adopt a resolution that the 200 fund is now a 400 fund.</font></div>
<div><font face="Arial, sans-serif" size="2" color="#000080"> </font></div>
<div><font face="Arial, sans-serif" size="2" color="#000080">The names/numbers in the actual columns the for prior years in the budget document should not change. The actual columns should reflect the actual name of the fund at the time the budget was adopted
for each of those years. </font></div>
<div><font face="Arial, sans-serif" size="2" color="#000080"> </font></div>
<div><font face="Arial, sans-serif" size="2" color="#000080">A footnote in the budget or mention in the budget message could be used to explain the change from one number to the number in the next year’s budget. If such an explanation was not included in the
11-12 budget message, it should be done in the 12-13 budget message.</font></div>
<div><font color="#000080"> </font></div>
<div><font face="Arial, sans-serif" size="2" color="#000080">In all cases the electronic submissions should reflect the budget and audit/CAFR documents.</font></div>
<div> </div>
<div><font face="Lucida Calligraphy, cursive" size="2" color="#0000FF">Barb Cruickshank<font face="Arial, sans-serif" color="#000000">
<br>
</font>Oregon Dept of Education<font face="Arial, sans-serif" color="#000000"> <br>
</font>(503) 947-5916<font face="Arial, sans-serif" color="#000000"> <br>
</font>(503) 378-5156 Fax<font face="Arial, sans-serif" color="#000000"> <br>
</font>barbara.cruickshank@state.or.us<font face="Arial, sans-serif" color="#000000"> </font></font></div>
<div> </div>
<div> </div>
<div> </div>
</font>
</body>
</html>