Reference Number: 
CTAS-1758

The fund structure has been established by the Comptroller of Tennessee. The structure of accounts is known as a Uniform Chart of Accounts. It is used in each county of the state with some variations.  The operating funds, which include the debt service funds, work in unison with the capital project funds. See Chart of Accounts under the Operating Budget topic for more information.

The Comptroller’s Chart of Accounts regarding Debt Service

The County Uniform Chart of Accounts used to assist in accounting for financial activities related to the payment of debt, has established seven operating funds with account numbers set aside for additional funds if needed.  These funds are as follows:

151                  General Debt Service

152                  Rural Debt Service

153                  Industrial Debt Service

154                  Special Debt Service

155                  Hospital Debt Service

156                  Education Debt Service

157                  School Bond Trust

158 - 169        Other Debt Service funds

The Comptrollers’ Chart of Accounts Regarding Capital Projects

The County Uniform Chart of Accounts used to assist in accounting for financial activities related to using capital project funds, has established eight capital funds with account numbers set aside for additional funds if needed.  These funds are as follows:

171                General Capital Projects

172                Community Development/Industrial Park

173                Sanitation Projects

174                Nursing Home Projects

175                HUD Grant Projects

176                Highway Capital Projects

177                Education Capital Projects

178 - 188      Other Capital Projects funds

178                Other Capital Projects

The Comptroller’s Chart of Accounts that encompass all Operating and Capital Funds

The County Uniform Chart of Accounts is used to account for all financial activities of the government. Certain account codes can be used in any fund. The Chart of Accounts has been established by a three-digit fund number; a five-digit revenue number for the revenue side of the ledger; a five-digit function (also known as department or line item) for expenditure departments; and a digit object code for the expenditures’ details.

The following would be an example of a General Debt Service Revenue and Expenditure budget:

151 General Debt Service

Revenue
40110 Current Property Tax

Expenditures
82110 Principal on General Government
     601 Principal on Bonds
     602 Principal on Notes
82210 Interest on General Government
     603    Interest on Bonds
     604    Interest on Notes