On a monthly basis the Assistant Manager of Accounting Services receives a statement from the investment company reporting the income, holdings, and scheduled maturities of the investments of the unexpended bond funds that they manage. The Plant Fund Accountant records the income and realized and unrealized gains or losses per the monthly statement.
The Plant Fund Accountant maintains two schedules for each investment account of unexpended bond funds. One summarizes the activity for the current fiscal year and the other summarizes the activity since the account's inception. The Plant Fund Accountant verifies that both schedules reconcile to the general ledger asset account for the investment account and to the cost center balance for investment income. The inception-to-date report also provides a summary of the inception-to-date draws for each major project funded by the bond and calculates the uncommitted funds available for future use.