To the reporting governmental unit from another governmental
It is recommended that separate accounts be maintained for each In the same school district for goods sold or services rendered. To indicate amounts owed to a particular fund by another fund It is recommended that separate accounts be maintained Record a loan by one fund to another fund in the same governmental SeparateĪccounts may be maintained on the basis of tax roll year, delinquent Receivable account to arrive at the net taxes receivable. Is shown on the balance sheet as a deduction from the Taxes Of taxes receivable estimated not to be collected. Of tax roll year, current and delinquent taxes, or both.Īllowance for Uncollectible Taxes (Credit). Separate accounts may be maintained on the basis Has become due, including any interest or penalties that mayīe accrued. That a school district or government unit has levied and that Until the first interest payment date after the date of purchase. InterestĪccrued on investments between the last interest payment dateĪnd the date of purchase. Purchased should be shown in a separate account.Īccrued Interest on Investments Purchased. Receivable on investments, excluding interest purchased. TheĮxcess of the face value of securities over the amount paidįor them that has not yet been written off. Unamortized Discounts on Investments (Credit). The amount paid for securities over the face value that has Separate accounts for each category of investments The account does not include capital assets used in school district Value of investments are recorded using revenue account 1530. Gains and losses from changes in the fair Investments should be presented at fair value as of Income in the form of interest, dividends, rentals, or lease Securities and real estate held for producing Such as commercial banks, for paying matured bonds and interest. A sum of money set aside to provide change.Ĭash With Fiscal Agents. A sum of money set aside to pay small obligationsįor which the issuance of a formal voucher and check would beĬhange Cash. Money orders, and bankers' drafts on hand. Currency, coins, checks, postal and express Interest-bearing accounts are recorded in investments.Ĭash on Hand. All funds on deposit with a bank or savingsĪnd loan institution, normally in non-interest-bearing accounts.
DEFERRED EXPENSE CODE
Code Descriptions in Alphabetical OrderĬash in Bank.Classifications Of Revenue and Other Financing Sources.
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