State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7815 – Interest On Proprietary Long-Term Debt - Non-Operating
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Object Type: Cash — Debt Service
Reference:

For Fund Type definitions, please consult your AFR Reporting Requirements or your Financial Reporting Analyst.
Issue Date: 2005-09-01
Revised Date: 2006-09-01

Description


To record the payment of interest using Proprietary Funds on evidence of indebtedness or on judgments against the state.

This code includes:

  • Capital lease interest
  • Lease purchase interest
  • Interest on state bonds (for other than program loans as defined by GASB Statement 9)

This code may also be used to record payment of non-operating "direct" interest expense on long-term debt using Governmental Funds as directed by GASB 34, paragraph 46, which requires that interest on long-term debt be classified as direct when borrowing is essential to the creation or continued existence of a program.

Expenditure code 7815 includes, but is NOT limited to:

  • Interest (long-term proprietary -- non-op.)


Notes


This code does NOT include:

  • Long-term debt interest using governmental or fiduciary funds (7801)
  • Long-term debt operating interest using proprietary funds (program loans as defined by GASB Statement 9) (7814)
  • Late payment fees (interest) to the SSA or IRS (7210)
  • Interest amounts on judgments against the state (7241)


USAS Values


Appropriation Year 26
USAS Title INTEREST LT DEBT-NONOP-GOV/PROP-DIRECT
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 11 – PAYMENT OF INTEREST - DEBT SERVICE



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