Issue Date:
Revised Date: 2005-09-01

Object Type

Cash — Debt Service

Reference

For Fund Type definitions, please consult your AFR Reporting Requirements or your Financial Reporting Analyst.

Description

To record the payment of interest due on long-term debt using Governmental or Fiduciary Funds.

This code includes payments using Governmental or Fiduciary Funds for:

  • Interest paid on state bonds issued under constitutional authority
  • Capital lease interest
  • Lease purchase interest

Note

This code does NOT include:

  • Interest on long-term debt (Operating) using proprietary funds (7814)
  • Interest on long-term debt (Non-Operating) using proprietary funds (7815)
  • Late payment fees (interest) to the SSA or IRS (7210)
  • Interest amounts on judgments against the state (7241)

USAS Values

Appropriation Year 20
USAS Title INTEREST ON GOVTL AND FIDUCIARY L-T DEBT
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 11 – PAYMENT OF INTEREST - DEBT SERVICE