1 Charts of Accounts
1.2 General Ledger Accounts
1.2.10 The specific account numbers contained here are not prescribed, with an exception for selected liabilities accounts which are required to be reported on the Schedule of Liabilities (Schedule 09). Use of general ledger accounts in cash basis governments is optional. This general ledger has been carefully designed to meet several needs.
1.2.20 First, the accounts provide for identification of assets, deferred outflows, liabilities, deferred inflows and fund balances/net position that any local government fund might acquire. Throughout the general ledger, the fourth or fifth and subsequent digits have been left for local governments to use in establishing more detailed breakdowns where needed.
1.2.30 Second, the general ledger has been designed to permit logical summarization of the detailed accounts at various levels. The table which follows on the next few pages illustrates in detail the structure of the general ledger. In general, the outline is as follows:
1.2.40 Third, the comprehensiveness of the general ledger combined with the uniform summarization outlined above is designed to make the preparation balance sheets a simple matter of extracting the balances at the same level for all the funds of a government. The headings on the chart which begins on the next page identify which digits to sort or summarize by for reporting purposes. The presentation of the balance sheet is structured in similar manner as the general ledger accounts.
Assets
110-152 Current Assets
Include those assets which will be used up or converted into cash within the next operating cycle (e.g., twelve months).
111. Cash and Cash Equivalents
Currency, coins, negotiable money orders, petty cash and checks, and balances on deposit with financial institutions. Cash equivalents are short-term highly liquid investments including Treasury bills, commercial paper, and money market funds.
115. Cash with Fiscal Agents/Trustees
Include moneys set aside within the treasury to pay matured bonds and interest, deposits with fiscal agents, such as commercial banks, for the payment of matured bonds and interest, moneys held by government outside the main treasury on behalf of private individuals or organizations, or until ultimate disposition is determined, deposits with fiduciaries including banks, brokers and insurance companies made on behalf of private individuals or organizations. Include both cash and investments.
118. Investments
Include all securities and other assets acquired for the purpose of obtaining income or profit. Investments should be reported at fair value. Investments with original maturities of three months or less may be considered cash equivalents and accounted for in the G.L. account 111.Do not include investments restricted for specific purpose in proprietary funds. Purchased interest should be posted to the revenue account 3619000 (G.L. account 292.10).
121. Taxes Receivable
121.10 Taxes Receivable – Current
Include the uncollected portion of property tax which a government has levied and for which the due date has not yet passed. Also include any amounts of other uncollected taxes (see BARS 310 series) that are measurable and available. Do not include interfund receivables (see account 131).
121.30 Taxes Receivable – Delinquent
Include taxes remaining unpaid on and after the date on which interest is assessed or a penalty for nonpayment attached. This segregation from current taxes is required only for the government which is the tax collection agent.
121.80 Interest and Penalties Receivable – Taxes
The uncollected portion of interest and penalties receivable on taxes.
121.90 Allowance for Uncollectible Taxes (Credit)
A valuation account used to indicate that portion of taxes and related interest and penalties which it is estimated will never be collected.
122. Accounts Receivable
122.10 Accounts Receivable
Amounts due from customers on open account for goods and services provided. Significant receivable balances not expected to be collected within one year of the date of financial statements should be disclosed in the notes.
122.70 Unbilled Accounts Receivable
Amounts earned by the government for goods or services rendered for which billings have not been prepared at the end of the reporting period.
122.90 Allowance for Uncollectible Receivable (Credit)
A valuation account used to indicate that portion of customer accounts which it is estimated will never be collected and will eventually be written off.
123. Special Assessments Receivable
123.10 Special Assessments Receivable – Current
Include the uncollected portion of special assessments which a government has levied and which are due within 60 days (for governmental funds). Exclude interfund assessments which should be reported in account 131. Also exclude any special assessments accounted for in a proprietary fund, which should be reported in account 151.
123.30 Special Assessments Receivable – Delinquent
Include the uncollected portion of special assessments which are past due. Exclude interfund assessments, which should be reported in account 131. Also exclude any special assessments accounted for in a proprietary fund, which should be reported in account 151.
123.50 Interest Receivable on Special Assessments
Include the uncollected portion of interest receivable on special assessments in governmental funds.
123.70 Penalties Receivable on Special Assessments
Include the uncollected portion of penalties receivable on special assessments in governmental funds.
124. Interest Receivable
Interest earned on investments, notes, contracts and miscellaneous receivables. Do not include interest on taxes or special assessments.
125. Notes/Contracts/Loans Receivable
125.10 Notes/Contracts/Loans Receivable
Include current amounts due from private individuals or organizations evidenced by a written promise to pay.
125.90 Allowance for Uncollectible Notes/Contracts/Loans (Credit)
126. Other Current Receivables
126.10 Other Current Receivables
Include amounts of impact or developers’ fees or reimbursable charges for services receivable from private developers, rents and other receivables.
126.90 Allowance for Uncollectible Receivable (Credit)
131. Due from Other Funds
A receivable for goods issued, work performed or services rendered to or for the benefit of another fund of the same government. Also use this account for subsidies and other transfers between funds that have been authorized but not yet paid. The owing fund should have an equal amount recorded under account 225. Include receivables between a primary government and blended component units.
132. Interfund Loans Receivable
Include the uncollected amounts of interfund loans. See BARS Manual 3.9.1, Loans.
134. Due from Other Government(s)
Include amounts due to the reporting government from another government. These amounts may represent measurable and available intergovernmental grants, entitlements, or shared revenues; grants or taxes collected for the reporting government by an intermediary collecting government; loans; and charges for services rendered by the reporting unit for another government. Receivables for services that are not governmental in nature, such as insurance, utilities, rents, repairs, and supplies, should not be included here. Use account 122.
135. Due from Component Unit(s)
Amounts due to the reporting entity from discretely presented component unit(s). The receivables from blended component unit(s) are presented in 131. Some transactions and balances previously recorded in 131 or 134 may need to be reclassified for presentation in the reporting entity (primary government) financial statements. The owing component unit(s) should have an equal amount recorded in 228. For details see BARS Manual 4.1.1, GAAP Reporting Requirements.
136. Due from Primary Government
Include amounts due to the discretely presented component unit(s) from the primary government. The owing reporting entity (primary government) should have an equal amount recorded in 226. For details see BARS Manual 4.1.1, GAAP Reporting Requirements.
141. Inventories
Include material and supplies on hand for future consumption. Also, include goods held for resale rather than used in operations and raw materials used in manufacturing goods for sale.
143. Prepaid Items
Include payments for services and benefits not yet received (e.g., prepaid rent, unexpired insurance premiums, etc.).
145. Other Current Assets
150. Restricted Assets
Restricted assets are those proprietary fund monetary assets which have their use limited by statute, bond covenant, or other contractual or trust relationship (e.g., money set aside to pay principal and interest on outstanding debt, customer deposits, retainage, assessments, etc.). For reporting purposes, restricted assets must be shown in account 150, although they may be accounted for during the year in separate funds, using current asset accounts (111, 118, 123, etc.). Separate funds are not required for restricted assets, even though bond covenants may stipulate a bond reserve fund, construction fund, etc. The bond covenant use of the term fund is not the same as the use in governmental accounting. For bond covenants, fund means only a segregation or separate account, not a self-balancing set of accounts.
Most restricted assets are offset by corresponding current liabilities (accounts 241-245, Current Payable from Restricted Assets), noncurrent liabilities (accounts 246-248, Noncurrent Payable from Restricted Assets), or by a restriction of net position (account 284.20).
151. Current Assets Restricted for ____________
152. Current Assets Restricted for Landfill Closure and Postclosure Care Costs
(RCW 70.95.215)
156-193 Noncurrent Assets
156. Noncurrent Assets Restricted for _____________
157. Noncurrent Assets Restricted for Landfill Closure and Postclosure Care Costs
(RCW 70.95.215)
161. Special Assessments Receivable
Include the uncollected portion of special assessments not due for 60 days (governmental funds) or one year (proprietary funds). Exclude interfund assessments which should be reported in account 165. When accounting for special assessments in proprietary funds, make certain that all collections are recorded as restricted assets. The current portion and related interest and penalties should be recorded in account 123 (for governmental funds) or account 151 (for proprietary funds).
163. Notes/Contracts/Loans Receivable
Noncurrent amounts due from private individuals or organizations evidenced by a written promise to pay. The current portion should be recorded in account 125.
165. Advances to Other Funds
The uncollected amounts of long-term interfund loans; that is, loans which do not meet the criteria of temporary defined in BARS Manual 3.9.1, Loans. Also include the amount of unearned assessments owed by other funds of the same government.
167. Investment in Joint Ventures
A joint venture is a legal entity or other organization that results from a contractual arrangement and that is owned, operated, or governed by two or more participants as a separate and specific activity subject to joint control, in which the participants retain (a) an ongoing financial interest, or (b) an ongoing financial responsibility. The government’s investment should be accounted for using the equity method, if the investment is material.
170-191 Capital Assets
Those assets acquired by the government for its own use through purchase, lease, self-construction, donation, or gift, with a life expectancy of more than one year. In addition to land, buildings and equipment, capital assets also include land and air rights, depletable resources such as minerals or timber, improvements made to leased property and the cost of partly-completed capital projects.
171. Land
171.90 Accumulated Depletion (Credit)
172‑173. Buildings and Structures
173.90 Accumulated Depreciation (Credit)
175. Leasehold Improvements
175.90 Accumulated Amortization (Credit)
176‑179. Other Improvements
179.90 Accumulated Depreciation (Credit)
181‑188. Machinery and Equipment
188.90 Accumulated Depreciation (Credit)
189. Construction in Progress
191. Intangible Assets
Include assets with no physical substance, such as patents, franchise fees, licenses, computer software, rights to use property, etc. with a useful life that exceeds one year.
191.90 Accumulated Amortization (Credit)
193. Other Noncurrent Assets
193.10 Investments
Include all securities and other assets acquired for the purpose of obtaining income or profit. Investments should be reported at fair value.
Do not include investments restricted for specific purpose in proprietary funds (see account 156). Purchased interest should be debited to the revenue account 3619000 (G.L. account 292.10).
193.40 Property Held in Trust or for Future Use
Include nonmonetary property acquired by distraint, foreclosure or default, record at the amount of the tax lien. Use the purchase price for land acquired for a future plant site.
193.50 Pension Asset
The difference between the total pension liability and fiduciary net position.
193.70 Capital Assets Held for Resale
Include capital assets which have been declared surplus but are still owned by the government until they can be sold, traded, or otherwise disposed.
193.80 Other Noncurrent Assets
198. Deferred Outflows of Resources
A consumption of net assets by the government that is applicable to a future reporting period. This account should include transactions related to accumulated decrease in fair value of hedging derivatives, deferred amount on refunding [the unamortized difference between the net carrying amount of the debt and its reacquisition price (when the reacquisition price exceeds the net carrying amount – loss on refunding)], grants paid in advance (when grantor provides resources to grantee after all requirements have been met except the grantor stipulated time requirement), pension, and other items as defined by the Governmental Accounting Standards Board. The categories should be detailed in the financial statements.
Liabilities
211-23X Current Liabilities
Include liabilities which are payable within next operating cycle (e.g., twelve months).
211. Warrants Payable
The amount of operating warrants issued and outstanding. This account will be credited when warrants are issued and debited when warrants are redeemed or canceled. Do not use this account to record the issuance of revenue warrants (see accounts 235 and 263). Code cities using checks instead of warrants should not use this account.
213. Accounts/Vouchers Payable
213.10 Accounts Payable
Amounts not yet vouchered but owed on open account to private persons or organizations for goods and services furnished to a government (but not including amounts due to other funds or to other governments).
213.40 Vouchers Payable
Liabilities for goods and services evidenced by vouchers which have been pre-audited and approved for payment but not yet paid.
215. Claims and Judgments Payable
Amounts owed as compensation or payment for injury or damage. Include unpaid losses not covered by an insurance contract or bond and amounts owed as the result of court decisions, such a condemnation awards for private property taken for public use.
217. Matured Long-Term Obligations Payable
Include the portion of all long-term debt which has become due. For explanation of the specific categories below, see accounts 251, 252, 253 and 263.
217.10 G.O. Bonds Payable
217.20 Revenue Bonds Payable
217.30 Special Assessment Bonds Payable
217.40 Revenue Warrants Payable
217.50 Leases and Installment Purchases Payable
217.70 Notes Payable
217.90 Other
219. Matured Interest Payable
Include interest due on long-term debt. For interest accrued between due dates, use account 231.10.
221. Annuities Payable
Include pension benefits due and payable to retired employees in a public employee retirement system.
223. Contracts Payable
223.10 Construction Contracts Payable
Include amounts of progress payments due for construction of buildings and other improvements. If the amounts earned by contractors at the end of the fiscal period are material, they should be estimated and accrued if a progress billing is not available.
223.40 Retainage Payable
Include amounts due on construction contracts, representing a percentage of the progress billings. These amounts are not paid until final inspection, the lapse of a specified time period, or both. (RCW 50.24.130 and Chapter 60.28 RCW) Include amounts deposited to escrow accounts (see account 115) as well as amounts held in the municipal treasury.
223.70 Interest on Contracts Payable
Use this account to accumulate interest on retainage when requested by the contractor (RCW 60.28.010).
223.90 Other Contracts Payable
225. Due to Other Funds
A payable for goods issued, work performed or services rendered from or by another fund of the same government. Also use this account for subsidies and other transfers between funds that have been authorized but not yet paid. The recipient fund should have an equal amount recorded under account 131. Include payables between a primary government and blended component units.
226. Due to Component Unit(s)
Include amounts due to discretely presented component unit(s) from the primary government. The payables to blended component unit(s) are presented in 225. Some transactions and balances previously recorded in 225 and 229 may need to be reclassified for the presentation in the reporting entity (primary government) financial statements. The recipient component unit(s) should have an equal amount recorded in 136.
227. Interfund Loans Payable
The amounts of interfund loans not yet repaid. See BARS Manual 3.9.1, Loans for further definition.
228. Due to Primary Government
Amounts due to the primary government from discretely presented component unit(s). The payables of blended component unit(s) are presented in 225. An equal amount should be recorded in 135. For details, see BARS Manual 4.1.1, GAAP Reporting Requirements.
229. Due to Other Government(s)
Current amounts due to other governments. These amounts may represent intergovernmental grants or entitlements; loans; and charges for services rendered by another government. Payables for services that are not governmental in nature, such as insurance, utilities, rents, repairs, and supplies, should not be included here. Use account 213 or 231.
231. Other Accrued Liabilities
These are amounts of expenses/expenditures that have been incurred by the end of the fiscal period but will become payable at a future date. Do not include accruals for claims and judgments, annuities, or construction contracts in this account. See accounts 215, 221, and 223.
231.10 Interest Payable
Interest earned by creditors, including bondholders, since the last payment or coupon date.
231.20 Arbitrage Rebate Tax Payable
The interest earnings accrued at the end of the 5th year and due and payable to the U.S. Treasury. See BARS Manual 3.4.6, Arbitrage Rebates.
231.30 Accrued Wages
Wages earned by employees since the last payroll. Include the current portion of the unpaid liability for employee absences (vacation and other accruable leave). Use account 259 to record the long-term liability for compensated absences.
231.50 Accrued Employee Benefits
Estimated benefits associated with accrued wages, account 231.30. Include payroll taxes.
231.70 Accrued Taxes
Estimated taxes that are not directly associated with other specific liability accounts, such as B&O taxes or excise taxes. Do not include payroll taxes (see account 231.50).
231.90 Other
235. Current Portion of Long-Term Obligations
The unmatured portion of all long-term debt which will become due within one year (proprietary funds) but which is not yet due and which will require current assets to redeem (see account 240 for the current portion of long-term debt payable from restricted assets). Do not include any portion of refunded debt. Special rules apply to certain types of intermediate-length financing (see accounts 239.60 and 263.60). For explanations of the other specific types of debt, see accounts 251, 252, 253 and 263.
235.10 G.O. Bonds Payable
235.20 Revenue Bonds Payable
235.30 Special Assessment Bonds Payable
235.40 Revenue Warrants Payable
235.50 Leases and Installment Purchases Payable
235.70 Notes Payable
235.90 Other
237. Custodial Accounts
A liability account for the money held by a government in a trustee capacity or as a custodian for individuals, private organizations, other governments, or other funds. Include such items as sales and leasehold taxes collected for the state, prisoners’ cash, court trusts, contractors’ bonds (bid deposits), etc. County treasurers should use this account to offset the assets held in custodial funds for special purpose districts. This account should be used only in fiduciary funds.
239. Other Current Liabilities
239.10 Customer Deposits (Nonproprietary)
Include liability for deposits made by customers as a prerequisite to receiving services. In proprietary funds use account 245.10 instead.
239.60 Anticipation Warrants/Notes
These are short-term financing instruments (Chapter 39.50 RCW). Include the entire principal of those notes and warrants unless the instruments were authorized in anticipation of a bond issue (see account 263.60). This debt should be treated as fund debt, even in governmental funds.
239.70 Registered Warrants
239.90 Other
241-245 Current Payable from Restricted Assets
These accounts are used only in proprietary funds. Include the amounts of current liabilities and customer deposits for which the assets have been set aside as restricted in accounts 151-155. Do not include matured bonds or progress payments due to contractors; instead, the related assets should be treated as current and not restricted. For explanation of the specific types of debt, see accounts 239.60, 251, 252, 253, and 263.
241. Debt Principal Payable
242. Debt Interest Payable
245. Deposits and Other Payables
246-267 Noncurrent Liabilities
246-248 Noncurrent Payable from Restricted Assets
These accounts are used only in proprietary funds. Include the amounts of current liabilities and customer deposits for which the assets have been set aside as restricted in accounts 156-158. Do not include matured bonds or progress payments due to contractors; instead, the related assets should be treated as current and not restricted. For explanation of the specific types of debt, see accounts 239.60, 251, 252, 253 and 263.
246. Debt Principal Payable
246.10 Revenue Bonds Payable
246.20 Other Bonds Payable
246.40 Warrants/Notes Payable
247. Debt Interest Payable
248. Deposits and Other Payables
248.10 Deposits Payable
248.90 Other
251. General Obligation Bonds Payable
251.10 G.O. Bonds at Face Value (for Capital Purposes)
The face value of all noncurrent bonds used for capital acquisitions and/or improvements for which the government has pledged its full faith and credit.
251.11 No Vote Required
251.12 Vote Required
251.15 Advance Refunding – Defeasance Method
251.16 Advance Refunding – Crossover Method
251.21 Vote Required for Utility Purposes (Cities and Towns)
251.22 Vote Required for Open Space, Parks and Capital Facilities (Cities and Towns)
251.31 No Vote Required for Metropolitan Municipal Corporation (County)
251.32 Vote Required for Metropolitan Municipal Corporation (County)
251.41 No Vote Required for Construction (Ports)
251.42 No Vote Required for Airport Improvement (Ports)
251.43 Vote Required for Airport Improvement (Ports)251.44 Vote Required for Foreign Trade Zones (Ports)
251.50 G.O. Bonds at Face Value (for M and O Purposes)
The face value of all noncurrent bonds used for maintenance and operations (M and O) for which the government has pledged its full faith and credit.
251.51 No Vote Required
251.52 Vote Required
251.55 Advance Refunding – Defeasance Method
251.56 Advance Refunding – Crossover Method
251.60 Unamortized Premium on G.O. Bonds
The unamortized portion of the excess of G.O. bond proceeds over their face value (excluding accrued interest and issuance cost).
251.70 Unamortized Discount on G.O. Bonds (Debit)
The unamortized portion of the excess of the face value of G.O. bonds over the amount received from their sale (excluding accrued interest and issuance cost).
251.90 Advance Refunded G.O. Bond Issues
The amount of any refunded bonds included in this account should not be reported in the financial statements. For further discussion, see BARS Manual 3.4.4, Refunding Debt.
252. Revenue Bonds Payable
252.10 Revenue Bonds at Face Value (for Capital Purposes)
The face value of all revenue bonds used for capital acquisitions and improvements not due within one year.
252.11 No Vote Required
252.12 Vote Required
252.15 Advance Refunding ‑ Defeasance Method
252.16 Advance Refunding ‑ Crossover Method
252.20 Unamortized Premium
The unamortized portion of the excess of revenue bond proceeds over their face value (excluding accrued interest and issuance cost).
252.30 Unamortized Discount (Debit)
The unamortized portion of the excess of the face value of revenue bonds over the amount received from their sale (excluding accrued interest and issuance cost).
252.40 Revenue Bonds at Face Value (for M and O Purposes)
The face value of all revenue bonds used for maintenance and operations (M and O) and not due within one year.
252.41 No Vote Required
252.42 Vote Required
252.45 Advance Refunding – Defeasance Method
252.46 Advance Refunding – Crossover Method
252.90 Advance Refunded Revenue Bond Issues
The amount of any refunded bonds included in this account should not be reported in the financial statements. For further discussion, see BARS Manual 3.4.4, Refunding Debt.
253. Special Assessment Bonds Payable
253.10 Special Assessment Bonds at Face Value
The face value of bonds issued for public improvements to be repaid (wholly or in part) from assessments levied against benefited properties. Bonds expected to be financed from special assessments should be recorded here even if the full faith and credit of the municipality is pledged.
253.11 LID Bonds
253.12 ULID Bonds
253.13 RID Bonds
253.14 Other Special Improvement Bonds
253.15 CRID Bonds
253.16 Advance Refunding – Defeasance Method
253.17 Advance Refunding – Crossover Method
253.20 Unamortized Premium
The unamortized portion of the excess of special assessment bond proceeds over their face value (excluding accrued interest and issuance cost).
253.30 Unamortized Discount (Debit)
The unamortized portion of the excess of the face value of special assessment bonds over the amount received from their sale (excluding accrued interest and issuance cost).
253.43 LID Warrants with Commitments
253.63 LID Notes Payable with Commitments
253.80 Advance Refunded Special Assessment Bond Issues
The amount of any refunded bonds included in this account should not be reported in the financial statements. For further discussion, see BARS Manual 3.4.4, Refunding Debt.
253.90 Miscellaneous Special Assessment Bonds
253.98 Miscellaneous Special Assessment Debt with Commitment
255. Advances from Other Funds
The amounts of long-term interfund loans not yet repaid. Also include the amount of deferred assessments owed by a fund to other funds of the same government.
257. Unearned Revenue
Amounts recognized as receivables, including amounts due from other governments, which cannot be classified as revenues. Under the modified accrual basis of accounting, such amounts are measurable but not available. See the discussion of revenue accrual in BARS Manual 3.6.9, Revenue Accruals in Governmental Funds. Also include amounts collected that will not become revenues during the next fiscal year. For example, rental payment received for the last year of a lease running for several more years.
259. Compensated Absences
This account is used to record the noncurrent liability for employee absences. Such compensation should be recorded for all accrued vacation and for that portion of other leave, such as sick leave, for which the employee would be paid on termination. Use account 231.30 to record the current portion of these kinds of leave.
259.12 Compensated Absences
263. Other Noncurrent Liabilities
263.12 Claims and Judgments Payable
The noncurrent portion of amounts owed as compensation or payment for injury or damages.
263.22 Liability for Landfill Closure and Postclosure Care Costs
The estimated and accrued costs related to the closure of landfills in accordance with the Department of Ecology standards. See BARS Manual 3.4.8, Solid Waste Utilities: Closure and Postclosure Cost.
263.30 Utility Operating Reserves
Amounts expensed by a proprietary fund and irrevocably set aside for pension, accident and death benefits, employee health and welfare, etc., but not included in restricted assets. Utilities may also use this account during the fiscal year for amounts expensed to meet the probable liability, not covered by insurance, for losses through accidents, fire, flood, or other hazards, and for losses from injury and damage claims. For reporting purposes, amounts that remain in this account at year-end which represent net self-insurance reserves must be credited against the related risk expense accounts, so that operating statements include as expenses only the actual judgments awarded and/or losses sustained.
263.40 Revenue Warrants Payable
The noncurrent portion of warrants issued with a set term for redemption (also known as time warrants). In most cases, they are backed by the earnings of a specific fund rather than the full faith and credit of the issuing government. Any premium or discount should be accounted for separately from the face value, using subaccounts of this account.
263.50 Leases and Installment Purchases Payable
Include the noncurrent portion of leases and lease/purchases. An explanation of capital leases and the required accounting for them is in BARS Manual 3.4.1, Leases.
263.51 Leases and Installment Purchases Payable (General Obligation)
263.52 Leases and Installment Purchases Payable (No General Obligation)
263.60 Notes Payable
Include the noncurrent portion of promissory notes issued by a local government.
Include the entire unpaid principal of intermediate length financing instruments, such as anticipation notes and warrants (Chapter 39.50 RCW) authorized in anticipation of a bond issue, even though it may come due within 12 months.
Other anticipation notes or warrants should be classified as current debt even though payment may be delayed beyond 12 months (see account 239.60).
263.61 Notes Payable (General Obligation)
263.62 Notes Payable (No General Obligation)
263.70 Arbitrage Rebate Tax Payable
263.72 Arbitrage Rebate Tax Payable
The interest earnings accrued in years 1-4 that will be due to the U.S. Treasury at the end of the 5th year. Refer to discussion in Arbitrage Rebates.
263.80 Due to Other Governments
Include the noncurrent portion of intergovernmental loans.
263.81 Loans and Other Obligations to Federal or out-of-State Governments (General Obligation)
263.82 Loans and Other Obligations to Federal or out-of-State Governments (No General Obligation)
263.83 Loans and Other Obligations to WA State (except LOCAL and PWTFL) (General Obligation)
263.84 Loans and Other Obligations to WA State (except LOCAL and PWTFL) (No General Obligation)
263.85 Loans and Other Obligations to Other WA Local Governments (General Obligation)
263.86 Loans and Other Obligations to Other WA Local Governments (No General Obligation)
263.87 Public Work Trust Fund Loans (General Obligation)
263.88 Public Work Trust Fund Loans (No General Obligation)
263.90 Miscellaneous Noncurrent Liabilities
263.91 Miscellaneous Debt (General Obligation)
263.92 Miscellaneous Debt (No General Obligation)
263.93 Environmental Liabilities
263.94 Line of Credit with a General Obligation Pledge
263.95 Line of Credit (No General Obligation)
263.96 LOCAL Program (General Obligation)
263.98 Miscellaneous Liabilities (General Obligation)
263.99 Miscellaneous Liabilities (No General Obligation)
264.30 Pension Liabilities (Net)
The cumulative difference between annual pension cost and the employer contribution to the pension plan.
264.40 OPEB Liabilities
267. Other Credits
This account is used in proprietary funds to account for gains that will be amortized over succeeding fiscal periods. Use the separate accounts provided for items such as unamortized debt premium (accounts 251.20, 252.20 and 253.20), customer advances to be refunded (account 245) and amounts held pending disposition (account 237).
271 Deferred Inflows of Resources
An acquisition of net assets by the government that is applicable to future reporting period. This account should include transactions related to accumulated increase in fair value of hedging derivatives, deferred service concession arrangement receipts, deferred property tax, advance payments of property tax, special assessments, deferred amount on refunding [the unamortized difference between the net carrying amount of the debt and its reacquisition price (when the net carrying amount exceeds the reacquisition price – gain on refunding)], grants received in advance(when grantee receives grantor resources after all grantor requirements have been met except the grantor stipulated time requirement), pension, and other items as defined by the Governmental Accounting Standards Board. The categories should be detailed in the financial statements.
281-282 Fund Balance
286-288
These accounts are used to indicate the difference between the assets and liabilities reported in governmental funds.
281. Nonspendable Fund Balance
Indicates the portion of fund balance is inherently nonspendable in current period (e.g., prepaid items, inventories, long-term portion of loans receivable, nonfinancial resources held for resale, etc.).
282. Restricted Fund Balance
Indicates the portion of fund balance that is subject to externally enforceable legal restrictions (imposed by creditors, grantors, donors, other governments, etc.). The restrictions may be also imposed by law through constitutional provisions or enabling legislation.
286. Committed Fund Balance
Indicates the portion of fund balance that represents resources whose use is constrained by limitations that the government imposes upon itself at the highest level of decision making (normally the governing body) and that remain binding unless removed in the same manner.
287. Assigned Fund Balance
Indicates the portion of fund balance that reflects a government’s intended use of resources.
288. Unassigned Fund Balance
Indicates net resources in excess of nonspendable, restricted, committed, and assigned fund balance.
283-285 Net Position
283.10 Held in Trust for Pension Benefits
The difference between the assets and liabilities of pension plans reported by the employer or sponsor government in a pension (and other employee benefit) trust fund.
283.20 Held in Trust for Pool Participants
The difference between the assets and liabilities of external investment pools reported by the sponsor government in an investment trust fund.
283.90 Held in Trust for Other Purposes
The difference between the assets and liabilities of fiduciary funds, other than pension (and other employee benefit) trust funds or investment trust funds.
284.10 Net Investment in Capital Assets
Capital assets net of accumulated depreciation, reduced by the outstanding balances of borrowings attributable to the acquisition, construction, or improvement of those assets. Deferred outflows and inflows of resources attributable to the acquisition, construction, or improvement of those assets or related debt also should be included. If there are significant unspent related debt proceeds or deferred inflows of resources at the end of the reporting period, the portion of the debt or deferred inflows of resources attributable to the unspent amount should not be included.
284.20 Restricted for ___________
The component of net position that consists of restricted assets reduced by liabilities and deferred inflows of resources related to those assets.
284.21 Restricted for ________, Permanent Restriction. Restricted component of net position that may never be spent (e.g., endowments).
284.22 Restricted for ________, Temporary Restriction. Restricted component of net position that may be spent at some time, either in the present or future.
285. Unrestricted
The net amount of the assets, deferred outflows of resources, liabilities, and deferred inflows of resources that are not included in the determination of net investment in capital assets or the restricted component of net position.