State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3476 – Interest on Leases and Public-Private/Public Partnerships
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Legal Citations:
Revenue Type: Non-Cash — Other Revenue
Origin Date: June 23, 2022
Issue Date: 2022-06-23
Revised Date: 2023-08-21

Description

To record interest income earned on right to use leases receivable, public-private, and public-public partnerships (PPP) installments receivable. Used by agencies to separate interest revenue from lease income per GASB 87 guidance and from PPP income per GASB 94. Used for financial reporting purposes for the Annual Comprehensive Financial Report (ACFR).

Due Date

At time of reporting.

Collecting Agencies

  • The responsible state agency, college or university

Deposit Funds

  • The appropriate fund or account.

Notes

Added per GASB 87.

GASB 94 PPP guidance added August 2023.

USAS Values

Appropriation Year 26
USAS Title INTEREST ON LEASES / PPP
Receipt Category 00 – Not applicable
Receipt Type 00 – Not applicable
Object Group 18 – Financial Reporting (Non Revenues)
USAS Status A
Rev/Exp Category NA – NOT APPLICABLE



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