State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7341 – Real Property - Construction in Progress - Capitalized
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Object Type: Cash — Real Property
Reference:

Please refer to AG Opinion JC-170 and Art. VII, Sec. 18(i) of the Texas Constitution for information on certain restrictions on construction and related expenditures with GR and GR-dedicated funds by Institutions of Higher Education.

Specific definitions for capitalized, controlled and expensed asset classifications are located in the SPA Process Users Guide.
Issue Date:
Revised Date: 2004-09-01

Description


To record payment for new permanent structures under construction, as well as major additions, alterations, installations and reconstruction projects.

Expenditure code 7341 includes, but is NOT limited to:

  • Buildings (construction)
  • Construction of Buildings
  • Facilities (construction)
  • Gym (construction)
  • Infrastructure (construction)
  • Office Building (construction)
  • Parking Garage (construction)
  • Roof (replacement)
  • Stadium (construction)


Notes


Payment for the following services must use this code if the services are directly related to the construction contracts or projects; otherwise the appropriate operating expense object must be used:

  • Fees and other charges (7210)
  • Consultant services -- other (7240)
  • Architectural/engineering services (7256)

This code does NOT include:

  • Highway Network - Construction In Progress (7347)
  • Personal Property - Construction In Progress (7388)
  • Minor Building Renovations (7266)
  • Beautification of Existing Highways and Roads (7270)


USAS Values


Appropriation Year 26
USAS Title REAL PROP-CONSTRUCTION IN PROGRESS-CAP
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 13 – CAPITAL OUTLAY



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