This is for service units that construct or fabricate equipment. Income and Expenditures Accruals and Deferrals . Due July 8 th . This area is the section that may be used the most. In many cases you may know about income that is due to your area by June 30 th but which won't make it on the June prelim ledger for whatever reason.
Same thing applies to income deferrals.
Maybe your lab received payment for a good or service but it won't be delivered or performed till July or August. For expenditures you may have received a service or goods but haven't received the invoice yet in accounting and can't get it paid till July. You may want to call vendors and get invoices faxed to you to speed up the process. This is generally a short letter of one page or less that states that an annual review of the sales and service activity has been performed. If there are any rate changes required you would need to document them in terms of existing rates versus new rates and the reason for the rate increase or decrease.