Charts of Accounts

Definition: Expenditures incurred for services rendered by permanent and temporary employees and the related fringe benefits. Special employee awards and settlements, as well as compensation to board members, are also included in this expenditure group. For general government agencies, the funding source should dictate which category (Undesignated, Appropriated or Receipts) should be used to record these expenditures. Undesignated should be used when a cost allocation process allocates the expenditures to the appropriate funding source designation.

Definition: Expenditures incurred for services rendered by permanent and temporary employees and the related fringe benefits. Special employee awards and settlements, as well as compensation to board members, are also included in this expenditure group. For general government agencies, the funding source should dictate which category (Undesignated, Appropriated or Receipts) should be used to record these expenditures. Undesignated should be used when a cost allocation process allocates the expenditures to the appropriate funding source designation.

534110-534140 - Land

534210-534240 - Buildings Purchased

534511-534560 - Equipment

Definition: Expenditures incurred for services rendered by permanent and temporary employees and the related fringe benefits. Special employee awards and settlements, as well as compensation to board members, are also included in this expenditure group. For general government agencies, the funding source should dictate which category (Undesignated, Appropriated or Receipts) should be used to record these expenditures. Undesignated should be used when a cost allocation process allocates the expenditures to the appropriate funding source designation.

To record pension payments for State recognized defined benefit and defined contribution plans.

To record depreciation expense for capital assets as well as amortization expense for intangible capital assets.

To record an extraordinary loss. Gains are recorded in account 437700-Extraordinary Gain. Extraordinary items are transactions or other events that are both unusual in nature and infrequent in occurrence. (Note: Prior to 7-1-2001, this account was for use only by proprietary funds. Effective 7-1-2001 with the implementation of the new reporting model under GASB 34, this account may be used by any fund type.)