| Issue Date: | |
|---|---|
| Revised Date: | 2009-08-01 |
Legal Citations
- Government Code sec. 403.011, sec. 404.097, sec. 500.002
Object Type
Cash — Other Revenue
Origin Date
Description
To record capital and non-capital asset insurance recoveries when the receipt occurs in a year subsequent to the loss and that according to GASB Statement #42, should be reported as other financing sources on the Governmental Fund Financial Statements, non-operating revenue on the Proprietary Fund Financial Statements, as settlement of claims for Fiduciary Fund Financial Statements, and program revenue on the Government-wide Statement of Activities.
Due Date
Collecting Agencies
The responsible state agency.
Deposit Funds
Credit of the appropriate fund or account.
Note
Title and description changed to comply with GASB Statement #42.
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | INSURANCE RECOVERY IN SUBSEQUENT YEARS |
| Receipt Category | 14 – Other |
| Receipt Type | 90 – Other Receipts |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 05 – OTHER REVENUE |