| Issue Date: | 2016-03-17 |
|---|---|
| Revised Date: | 2021-09-01 |
Object Type
Cash — None
Reference
Description
Pension contributions made by higher education institutions 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.
Note
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 | 25 |
|---|---|
| USAS Title | HE PENSION CONTRIB OFFSET |
| Object Group | 19 – Financial Reporting (Non Expenditures) |
| USAS Status | A |
| Rev/Exp Category | NA – NOT APPLICABLE |