Business Procedures Manual

Fiscal Affairs Division

15.4 Auxiliary Assets and Liabilities

15.4.1 Assets

(Last Modified on November 2, 2010)

Assets of auxiliary enterprises may include, but are not limited to:

  • Cash on hand
  • Petty cash
  • Demand deposits
  • Accounts receivable
  • Prepaid items
  • Merchandise inventory
  • Investments, buildings
  • Equipment
  • Facilities
  • Any amounts due from other funds

15.4.2 Liabilities

(Last Modified on November 2, 2010)

Liabilities of auxiliary enterprises may include, but are not limited to:

  • Accounts payable
  • Accrued expenses
  • Deposits
  • Sales taxes payable
  • Deferred revenues
  • Any amounts due to other funds
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