Considerations To Know About 111 cash

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This account serves to be a clearing account for checks prepared by agencies. The balance within the account must generally be zero. The residual cash equilibrium from the disbursing accounts in the State Treasurer Typically signifies uncleared checks.

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Residual cash is just not the amount of total money offered towards the fiscal agent for investing. This account is employed only for the residual cash which the fiscal agent doesn't have tied up in investments at June 30.

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