Accounting Instruction 40

Section 650 Section 650.170  Accounting Instruction 40 a)         Class A Utilities shall maintain the accounts listed in subsections (a)(1) through (a)(8) of this Section. 1)         Utility Operating Accounts Account No. 400 Operating Revenues 401 Operating Expenses 403 Depreciation Expenses 406 Amortization of Utility Plant Acquisition Adjustments 407 Amortization Expense 407.1 Amortization of Limited Term Plant 407.2 Amortization of Property Losses 407.3 Amortization of Other Utility Plant 407.4 Amortization of Regulatory Assets 407.5 Amortization of Regulatory Liabilities 408 Taxes Other Than Income 408.10 Utility Regulatory Assessment Fees 408.11 Property Taxes 408.12 Payroll Taxes 408.13 Other Taxes and Licenses 409 Income Taxes 409.10 Federal Income Taxes, Utility Operating Income 409.11 State Income Taxes, Utility Operating Income 409.12 Local Income Taxes, Utility Operating Income 410 Provision for Deferred Income Taxes 410.10 Deferred Federal Income Taxes 410.11 Deferred State Income Taxes 410.12 Deferred Local Income Taxes 411 Provision for Deferred Income Taxes – Credit 411.10 Provision for Deferred Income Taxes – Credit, Utility Operating Income 412 Investment Tax Credits 412.10 Investment Tax Credits Deferred to Future Periods, Utility Operations 412.11 Investment Tax Credits Restored to Operating Income, Utility Operations 413 Income From Utility Plant Leased to Others 414 Gains (Losses) From Disposition of Utility Property 2)         Other Income and Deductions 415 Revenues from Merchandising, Jobbing and Contract Work 416 Costs and Expenses of Merchandising, Jobbing and Contract Work 419 Interest and Dividend Income 420 Allowance for Funds Used During Construction 421 Nonutility Income 426 Miscellaneous Nonutility Expenses 3)         Taxes Applicable to Other Income and Deductions 408 Taxes Other Than Income 408.20 Taxes Deductions 409 Income Taxes 409.20 Income Taxes, Other Income and Deductions 410 Provision for Deferred Income Taxes 410.20 Provision for Deferred Income Taxes Other Income and Deductions 411 Provision for Deferred Income Taxes – Credit 411.20 Provision for Deferred Income Taxes – Credit, Other Income and Deductions 412 Investment Tax Credit 412.20 Investment Tax Credits – Net, Nonutility Operations 412.30 Investment Tax Credits Restored to Non-operating Income, Utility Operations 4)         Interest Expense 427 Interest Expense 427.1 Interest on Debt to Affiliated Interests 427.2 Interest on Short-Term Debt 427.3 Interest on Long-Term Debt 427.4 Interest on Customer Deposits 427.5 Interest – Other 428 Amortization of Debt Discount and Expense 429 Amortization of Premium on Debt 5)         Extraordinary Items 433 Extraordinary Income 434 Extraordinary Deductions 409.30 Income Taxes, Extraordinary Items 6)         Retained Earnings Accounts 435 Balance Transferred From Income 436 Appropriations of Retained Earnings 437 Dividends Declared – Preferred Stock 438 Dividends Declared – Common Stock 439 Adjustments to Retained Earnings 7)         Sewer Operation Revenue Accounts A)        Sewer Revenues 521 Flat Rate Revenues 521.1 Residential Revenues 521.2 Commercial Revenues 521.3 Industrial Revenues 521.4 Revenue from Public Authorities 521.5 Multiple Family Dwelling Revenues 521.6 Other Revenues 522 Measured Revenues 522.1 Residential Revenues 522.2 Commercial Revenues 522.3 Industrial Revenues 522.4 Revenues from Public Authorities 522.5 Multiple Family Dwelling Revenues 523 Revenues from Public Authorities 524 Revenues from Other Systems 525 Interdepartmental Revenues B)        Other Sewer Revenues 530 Guaranteed Revenues 531 Sale of Sludge 532 Forfeited Discounts 534 Rents from Sewer Property 535 Interdepartmental Rents 536 Other Sewer Revenues C)        Reclaimed Water Sales 540 Flat Rate Reuse Revenues 540.1 Residential Reuse Revenues 540.2 Commercial Reuse Revenues 540.3 Industrial Reuse Revenues 540.4 Reuse Revenues from Public Authorities 540.5 Other Revenues 541 Measured Reuse Revenues 541.1 Residential Reuse Revenues 541.2 Commercial Reuse Revenues 541.3 Industrial Reuse Revenues 541.4 Reuse Revenues from Public Utilities 544 Reuse Revenues from Other Systems 8)         Sewer Operation and Maintenance Expense Accounts 701 Salaries and wages – Employees 703 Salaries and wages – Officers, Directors and Majority Stockholders 704 Employee Pensions and Benefits 710 Purchased Sewage Treatment 711 Sludge Removal Expense 715 Purchased Power 716 Fuel for Power Production 718 Chemicals 720 Materials and Supplies 731 Contractual Services – Engineering 732 Contractual Services – Accounting 733 Contractual Services – Legal 734 Contractual Services – Management Fees 735 Contractual Services – Testing 736 Contractual Services – Other 741 Rental of Building/Real Property 742 Rental of Equipment 750 Transportation Expense 756 Insurance – Vehicle 757 Insurance – General Liability 758 Insurance – Workman's Compensation 759 Insurance – Other 760 Advertising Expense 766 Regulatory Commission Expenses – Amortization of Rate Case Expense 767 Regulatory Commission Expenses – Other 770 Bad Debt – Expense 775 Miscellaneous Expenses b)         Class B utilities shall maintain the accounts listed in subsections (b)(1) through (b)(8) of this Section. 1)         Utility Operating Accounts Account No. 400 Operating Revenues 401 Operating Expenses 403 Depreciation Expenses 406 Amortization of Utility Plant Acquisition Adjustments 407 Amortization Expense 407.1 Amortization of Limited Term Plant 407.2 Amortization of Property Losses 407.3 Amortization of Other Utility Plant 407.4 Amortization of Regulatory Assets 407.5 Amortization of Regulatory Liabilities 408 Taxes Other Than Income 409 Income Taxes 410 Provision for Deferred Income Taxes 411 Provision for Deferred Income Taxes – Credit 412 Investment Tax Credits 413 Income From Utility Plant Leased to Others 414 Gains (Losses) From Disposition of Utility Property 2)         Other Income and Deductions 415 Revenues from Merchandising, Jobbing and Contract Work 416 Costs and Expenses of Merchandising, Jobbing and Contract Work 419 Interest and Dividend Income 420 Allowance for Funds Used During Construction 421 Nonutility Income 426 Miscellaneous Nonutility Expenses 3)         Taxes Applicable to Other Income and Deductions 408 Taxes Other Than Income 409 Income Taxes 410 Provision for Deferred Income Taxes 411 Provision for Deferred Income Taxes – Credit 412 Investment Tax Credits 4)         Interest Expense 427 Interest Expense 428 Amortization of Debt Discount and Expense 429 Amortization of Premium on Debt 5)         Extraordinary Items 433 Extraordinary Income 434 Extraordinary Deduction 409.30 Income Taxes, Extraordinary Items 6)         Retained Earnings Accounts 435 Balance Transferred From Income 436 Appropriations of Retained Earnings 437 Dividends Declared – Preferred Stock 438 Dividends Declared – Common Stock 439 Adjustments to Retained Earnings 7)         Sewer Operation Revenue Accounts A)        Sewer Revenue 521 Flat Rate Revenue – General Customers 522 Measured Revenues – General Customers 523 Revenues from Public Authorities 524 Revenues from Other Systems 525 Interdepartmental Revenues B)        Other Sewer Revenues 530 Guaranteed Revenues 531 Sale of Sludge 532 Forfeited Discounts 534 Rents and Sewer Property 535 Interdepartmental Rents 536 Other Sewer Revenues C)        Reclaimed Water Sales 540 Flat Rate Reuse Revenues 541 Measured Reuse Revenues 544 Reuse Revenues from Other Systems 8)         Sewer Operation and Maintenance Expense Accounts 701 Salaries and Wages 704 Employee Pensions and Benefits 710 Purchased Sewage Treatment 711 Sludge Removal Expense 715 Purchased Power 716 Fuel for Power Production 718 Chemicals 720 Materials and Supplies 731 Contractual Services 741 Rental of Building/Real Property 742 Rental of Equipment 750 Transportation Expense 756 Insurance 760 Advertising Expense 766 Regulatory Commission Expense 770 Bad Debt Expense 775 Miscellaneous Expenses