State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7038 – Pension Contribution Offset
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Object Type: Cash — None
Reference:
Issue Date: 2016-03-18
Revised Date: 2021-09-01

Description


Pension contributions made by state agencies after the measurement date for net pension liability are recorded and reported as deferred outflows of resources related to pensions in accordance with GASB Statement No. 68. As such, this account is used to offset pension contributions in the journal entry to reclassify to pension deferred outflows.



Notes


RESTRICTED: This code is restricted for use by the Financial Reporting Section of the Comptroller's Office only for pension reporting in the statewide Annual Comprehensive Financial Report.



USAS Values


Appropriation Year 26
USAS Title PENSION CONTRIB OFFSET
Object Group 19 – Financial Reporting (Non Expenditures)
USAS Status A
Rev/Exp Category NA – NOT APPLICABLE



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