Why are we getting an error code for Object Code 237 Increased Retirement Contribution when coded in the 6000s for Federal Program Disbursements?
Object Code 237 Increased Retirement Contribution Rate is not collected in Federal Program Disbursements (6000’s). Object Code 237 is used in State Aid calculation purposes so we only need Object Code 237 in the functions that are paid by state and local funds. Code all of the retirement contributions into the 23X series for salaries paid out of Federal Program funding.
If your software won’t accommodate this, a manual journal entry done at the end of the fiscal year would be necessary to move disbursements coded as object code 237(Increased Retirement Contribution Rate) into the 23X object code (Retirement Contributions) series.