Monthly Fund Activity Report - Frequently Asked Questions
Who spent or transferred money out of fund “abc” and why?
Why is there so much money in fund “abc”?
I think we should spend more money out of fund “abc”. Who do I talk to?
Why are programs and services being cut when the State has several billion dollars in the Treasury?
Fund “abc” has a balance of $20 million, why isn’t this being used to fund programs that have seen budget cuts?
Who administers fund “abc”?
What is the purpose of “abc” fund?
Why was “abc” fund created?
What makes up the amounts in the “receipts” column?
What makes up the amounts in the “disbursements” column?
What makes up the amounts in the “transfer in” column?
What makes up the amounts in the “transfer out” column?
What makes up the amounts in the “IAB Receipts” column?
What makes up the amounts in the “IAB Disbursements” column?
Why do you have more than 500 different funds?
What does “administratively created” mean in the Legal Basis column of the Fund Description document?
Why is fund “abc” is listed in the Fund Description document, but not on the Monthly Fund Activity Report?

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Who spent or transferred money out of fund "abc" and why? OR
Why is there so much money in fund "abc"? OR
I think we should spend more money out of fund "abc". Who do I talk to?

The State Treasurer's office is only the custodian of the fund and invests the money in the Treasury. The Treasurer’s office does not appropriate or spend monies out of these funds, and we have no control over the spending authority granted to agencies by the Legislature. Budget decisions about how much money can be spent from a fund are made as part of the State’s budget, which the State Legislature passes and the Governor signs.

 
For questions like these, you will need to contact the agency administering the fund. The fund administrator may be named in the statutory section creating the fund, or it may be inferred from the fund name. You may also look at the statutory chapter heading to determine what agency may administer the fund.

 

 
Why are programs and services being cut when the State has several billion dollars in the Treasury?

Each fund in the State Treasury has a specific purpose for which spending is legally authorized. Monies cannot be used for other purposes.

 
Fund "abc" has a balance of $20 million, why isn't this being used to fund programs that have seen budget cuts?

Please refer to the Fund Description document for the legal basis and a summary of the purpose of this fund. Monies may only be spent on purposes authorized by law.

 
Who administers fund "abc"?

The fund administrator may be named in the statutory section creating the fund, or it may be inferred from the fund name. You may also look at the statutory chapter heading to determine what agency may administer the fund.

 
What is the purpose of "abc" fund?

Please refer to the Fund Description document for a summary of the purpose of this fund.

 
Why was "abc" fund created?

Please refer to the Fund Description document for a summary of the purpose of this fund.

 
What makes up the amounts in the "receipts" column?

Receipts are monies received and deposited by the State and posted to the fund on the state accounting system. They may be received in the form of cash, checks and electronic fund transfers.

 
What makes up the amounts in the "disbursements" column?

Disbursements are payments made from the fund as authorized by law. These payments are processed through the State accounting system and are made in the form of checks or electronic fund transfers.

 
What makes up the amounts in the "transfer in" column?

Transfers in are amounts transferred into the noted fund from another fund as authorized by law.

 
What makes up the amounts in the "transfer out" column?

Transfers out are amounts transferred out of the noted fund to another fund as authorized by law.

 
What makes up the amounts in the "IAB Receipts" column?

IAB Receipts represent the receipt side of an interagency billing transaction. The receiving fund provided a service to another agency and is being paid for that service.

 
What makes up the amounts in the "IAB Disbursements" column?

IAB Disbursements represent the payment side of an interagency billing transaction as authorized by law. The disbursing fund is paying another agency for services provided.

 
Why do you have more than 500 different funds?

Most funds are created in statute by the General Assembly, though some are administratively created by the Office of Administration. Funds are established to control restricted and designated resources and to ensure and demonstrate compliance with legal and administrative requirements.

 
What does “administratively created” mean in the Legal Basis column of the Fund Description document?

The Commissioner of Administration has the legal authority to administratively create funds as needed for accounting, reporting or compliance purposes pursuant to RSMo 33.060. This fund was created using that authority.

 
Why is fund “abc” is listed in the Fund Description document, but not on the Monthly Fund Activity Report?

The Missouri State Treasurer’s office only reflects funds on the activity report which have had cash activity. Until the fund has had a receipt or a transfer in posted to it, it will not appear on the monthly fund activity report.

 
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