| Issue Date: | 2022-06-23 |
|---|---|
| Revised Date: | 2023-08-21 |
Legal Cites
- Government Code sec. 403.011
Object Type
Non-Cash — Other Revenue
Origin Date
June 23, 2022
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.
Note
Added per GASB 87.
GASB 94 PPP guidance added August 2023.
USAS Values
| Appropriation Year | 24 |
|---|---|
| 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 |