State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7088 – OPEB Contribution/Benefit Offset
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Object Type: Non-Cash — None
Reference:
Issue Date: 2018-09-01
Revised Date: 2021-09-01

Description


OPEB contributions and benefit payments made by state agencies after the measurement date for net OPEB liability are recorded and reported as deferred outflows of resources related to OPEB in accordance with GASB Statement No. 75. As such, this account is used to offset OPEB contributions in the journal entry to reclassify to OPEB deferred outflows.



Notes


RESTRICTED: This code is restricted for use by the Financial Reporting Section of the Comptroller's Office (902) only for OPEB reporting in the statewide Annual Comprehensive Financial Report.



USAS Values


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



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