Balance Sheet Class List

Use the MI Balance Sheet Class List page to add, update, delete, and search Michigan FID (Financial Information Database) Balance Sheet Class codes for state compliance reporting.

This page maintains the master list of state-required balance sheet classification codes used in Michigan's annual Financial Information Database (FID) submission. Balance sheet class codes categorize district financial accounts into asset, liability, and fund equity classifications as defined by the Michigan Center for Educational Performance and Information (CEPI).

On the start page, select Fund Accounting, then State.
From the MEIS Reference Tables - MI menu, select Balance Sheet Class List.
Enter the Search Criteria to find the required balance sheet class records, and then select Search.
Refer to Search for Records for more information.
- To add a record, select Add Record. Refer to the Field descriptions, enter valid information, and select Save.
- To edit a record, select the ellipsis in the Actions column, then select Edit.
- To delete a record, select the ellipsis in the Actions column, select Delete, then select Yes.

Field descriptions

The following table describes the fields on the MI Balance Sheet Class List page.

Field	Description
Class Code	A three-character state-mandated code identifying the balance sheet classification as defined by CEPI. This code categorizes balance sheet accounts (e.g., 710 for Cash, 951 for Fund Balance) and is used in the FID submission file.
Description	A text label (up to 100 characters) explaining the balance sheet class code.
Indicator	A one-character value that categorizes the balance sheet class type. Used during FID error checking to calculate and validate totals for Total Assets, Total Liabilities, and Total Balance. Valid values: A = Asset accounts: The balance sheet class is treated as Assets. B = Fund balance accounts: The balance sheet class is treated as Fund Balance. L = Liability accounts: The balance sheet class is treated as Liabilities.
X-Factor	A numeric multiplier that determines the expected sign of amounts for this class. A negative X-Factor (such as -1) indicates accounts that normally have credit balances. A positive X-Factor (such as 1) indicates debit balances. The system uses this value to flag potential data entry errors when reported amounts don't match the expected sign (debit vs. credit).