Issue Date: 2019-09-01
Revised Date:

Object Type

Cash — Debt Service

Reference

Description

To record the payment of direct borrowings interest expense. 

This code includes:

  • Direct borrowings interest

Note

This code does NOT include:

  • Late payment fees (interest) to the SSA or IRS (7210)
  • Interest amounts on judgments against the state (7241)
  • Long-term debt interest using governmental or fiduciary funds (7801)
  • Interest on long-tern debt (Operating) using proprietary funds (7814)
  • Interest on long-term debt (Non-Operating) using proprietary funds (7815)

USAS Values

Appropriation Year 20
USAS Title INTEREST ON DIRECT BORROWINGS
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 11 – PAYMENT OF INTEREST - DEBT SERVICE