Issue Date: 2022-06-23
Revised Date: 2023-08-21

Legal Citations

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

Deposit Funds

Note

Added per GASB 87.

GASB 94 PPP guidance added August 2023.

USAS Values

Appropriation Year 25
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