Issue Date: 2001-09-01
Revised Date:

Object Type

Cash — Capital Outlay

Reference

Specific definitions for capitalized, controlled and expensed asset classifications are located in the SPA Process Users Guide.

Description

To record payment for collections or individual items of significance that are not held for financial gain, but rather for public exhibition, education or research in furtherance of public service. Collections or individual items that are protected and cared for and preserved.

Expenditure code 7369 includes, but is NOT limited to:

  • Historical Artifacts

Note

Payments for works of art and historical treasures held for financial gain should use object codes reserved for investments.

USAS Values

Appropriation Year 20
USAS Title WORKS OF ART & HISTORICAL TREASURES-CAP
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 13 – CAPITAL OUTLAY