Interfund transactions

Interfund transactions

Financial arrangements effected by payments made from one fund group (either Federal funds or trust funds) to another group.
References in periodicals archive ?
The Advisers Act strictly limits interfund transactions such as those described in this action," Cipperman says.
The departmental function includes case reconciliation, processing of interfund transactions, preparing accounting reports, providing budget execution data, maintenance of funds, and processing State Department Voucher Auditor Detail Requests (VADRs) for accounting activities assigned Security Assistance funds.
Amounts reported in each statement should be net of the effect of interfund transactions (including quasi-external transactions) because interfund transactions normally are not relevant to the operating results or the financial position of a governmental entity as a whole.