UNALLOTTED - Appropriation authority not specifically scheduled for expenditure.

UNAMORTIZED DISCOUNTS ON BONDS SOLD - Excess portion of the face value of bonds over the amount received from their sale that remains to be amortized over the life of the bonds.

UNAMORTIZED DISCOUNTS ON INVESTMENTS - An asset account used to reflect the excess portion of the face value of securities over the amount paid for them that remains to be amortized over the remaining life of such investments.

UNAMORTIZED PREMIUMS ON BONDS SOLD - Excess portion of proceeds over the face value of the bonds that remains to be amortized over the remaining life of such bonds. Refer to BOND DISCOUNT.

UNAMORTIZED PREMIUMS ON INVESTMENTS - An asset account used to reflect the excess portion of the amount paid for securities over their face value that remains to be amortized over the remaining life of such investments. Refer to BOND PREMIUM.

UNANTICIPATED RECEIPTS - Money received which has not been appropriated by the Legislature. The Governor has the authority to approve the allotment of such money within the guidelines of the intent in which they were received.

UNDERWRITER'S DISCOUNT - The fee an underwriter charges when purchasing bonds or certificates of participation (COPs) for resale to the public. The underwriter assumes the risk of ownership until the bonds are sold.

UNDESIGNATED UNRESERVED FUND BALANCE - Available expendable financial resources in a governmental fund that are neither legally restricted nor the object of tentative management plans.

UNEARNED REVENUE - Refer to DEFERRED REVENUES.

UNEXPENDED ALLOTMENT - Portion of an allotment not yet expended.

UNEXPENDED APPROPRIATION - Portion of an appropriation not yet expended.

UNIFIED BUSINESS IDENTIFIER (UBI) - A standard nine digit sequential number used by all state agencies to uniquely identify a business entity.

UNLIQUIDATED ENCUMBRANCES - Outstanding encumbrances which have not been paid or approved for payment. Refer to ENCUMBRANCE.

UNREALIZED GAIN OR LOSS - Term used in connection with the valuation of investments. It represents the cumulative difference between the cost of the investment and its market value prior to its disposition.

UNRESERVED FUND BALANCE - Unreserved fund balance is that portion of governmental fund equity that is neither legally segregated for a specific future use nor unavailable for appropriation. It may be either designated or undesignated. Designations may be established to indicate tentative plans for financial resource utilization in a future period. Unreserved, undesignated fund balance is available for appropriation. Refer to FUND BALANCE.

UNRESTRICTED NET ASSETS - One of the three components of net assets reported in government-wide and proprietary fund financial statements. It represents that portion of net assets that is neither restricted nor invested in capital assets (net of related debt).

USEFUL LIFE - An estimate of the total time that an asset is usable and in service.

Accounting Terms Glossary and Definitions
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