reglab/statecodes huggingface dataset:
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › Tangible Property › Section 52.109 - Services

Current through Register 1525, July 5, 2024
This account shall include the cost of corporation's
			   property in services in or leading to the consumer's premises. This includes
			   the cost of material in place, the cost of trenching for placing services,
			   service pipes, service boxes, stop cocks, etc., and the cost of filling the
			   trenches and restoring the surface to its proper condition.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › Tangible Property › Section 52.110 - Consumers' Meters and Measuring Devices

Current through Register 1525, July 5, 2024
This account shall include the cost of all meters,
			   measuring devices, weirs, etc., used or to be used in measuring or determining
			   water delivered to consumers. This covers in addition to cost of meters to
			   point of delivery on the accounting company's premises such incidentals as the
			   cost of meter badges and their attachment to the meters, testing and storing
			   new meters and the first set of meter fittings, connections and shelves.
Note A
. - If it has been the
				policy of the company to charge the cost of installation of the output of the
				station, such cost shall be charged to the appropriate power plant equipment
				account.
Note B
. - The cost of setting,
				removing, or resetting consumer's meters shall not be charged to this
				account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › Tangible Property › Section 52.111 - Consumer's Meter and Measuring Device Installation

Current through Register 1525, July 5, 2024
This account shall include the cost of the first setting
			   of meters for determining the amount of water delivered upon the premises of
			   consumers. When any meter service is permanently discontinued this account
			   shall be credited with an amount representing the average installation cost of
			   a consumer's meter.
Note A
. - If it has been the
				policy of the company to charge the cost of installation of meters to operating
				expenses it may continue to do so in the future if it so desires
				notwithstanding the text of the foregoing
				account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › Tangible Property › Section 52.112 - Hydrants

Current through Register 1525, July 5, 2024
This account shall include the cost of water utility's
			   property in all hydrants placed in the distribution system. This includes the
			   cost of all materials in place, the cost of trenching for placing hydrants,
			   hydrant connections, etc., and the cost of filling trenches and restoring the
			   surface to its proper condition.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › Tangible Property › Section 52.113 - Fire Cisterns, Basins, Fountains and Troughs

Current through Register 1525, July 5, 2024
This account shall include the cost of the utility's
			   property in all fire cisterns, basins, fountains, and troughs; digging and
			   trenching in connection therewith, and restoring the pavement to its original
			   condition or that required by municipal ordinances.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › Tangible Property › Section 52.113-A - Water Rights

Current through Register 1525, July 5, 2024
This account shall include amounts actually paid for the
			   right to take water perpetually from any source of supply.
Payments made periodically for the right to take water
				should not be charged to this account, but should be charged to Operating
				Expense account No. 602, "Water Purchased for
				Resale."
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › Tangible Property › Section 52.113-B - Miscellaneous Expenditures

Current through Register 1525, July 5, 2024
This account shall include the cost to the water utility
			   of all plant investment and equipment not chargeable to any of the foregoing
			   accounts.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › General Equipment › Section 52.114 - Office Equipment

Current through Register 1525, July 5, 2024
The cost of all permanent equipment in offices, such as
			   desks, chairs, tables, safes, filing cases, drafting-room equipment,
			   typewriters, legal and technical books, mechanical office devices and all
			   movable furniture, shall, unless charged directly to operating expense
			   accounts, be charged to this account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › General Equipment › Section 52.115 - Shop Equipment

Current through Register 1525, July 5, 2024
The cost of equipment especially provided for shops,
			   including such shop equipment as machine tools, cranes, hoists, shaftings,
			   belts, power apparatus for operating machinery and all miscellaneous shop
			   equipment, shall, unless charged directly to operating expense accounts, be
			   charged to this account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › General Equipment › Section 52.116 - Stores Equipment

Current through Register 1525, July 5, 2024
The cost of all equipment of general stores structures,
			   such as movable shelving and counters, carts, barrows, trucks and other
			   apparatus and appliances used in handling materials and supplies including
			   loading and unloading machinery, derricks, cranes, hoists, conveying apparatus
			   and items of similar nature, shall, unless charged directly to operating
			   expense accounts, be charged to this account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › General Equipment › Section 52.117 - Transportation Equipment

Current through Register 1525, July 5, 2024
The cost of the transportation equipment used by the
			   utility, such as motorcycles, automobiles, motor trucks, trailers, tractors,
			   and other vehicles; battery charging outfits, gasoline and oil storage tanks
			   and pumps, and other garage equipment; horses, harnesses, drays and wagons
			   shall, unless charged directly to operating expense accounts, be charged to
			   this account; also equipment for shoeing horses, and equipment for harness
			   repair shops, vehicle repair shop and auto repair shop, if this equipment is
			   devoted exclusively to these purposes.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › General Equipment › Section 52.118 - Laboratory Equipment

Current through Register 1525, July 5, 2024
The cost of all testing apparatus and laboratory
			   equipment not elsewhere provided for, shall, unless charged directly to
			   operating expense accounts, be charged to this account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › BALANCE SHEET › SCHEDULE OF PLANT INVESTMENT AND GENERAL EQUIPMENT ACCOUNTS › General Equipment › Section 52119 - Miscellaneous Equipment

Current through Register 1525, July 5, 2024
The cost of all tools and implements not elsewhere
			   provided for shall be charged to this account.
The cost of small portable tools and implements, shall
				be carried in account No. 209, "Materials and Supplies," until issued for use,
				when Materials and Supplies shall be credited and the appropriate work order or
				other account charged with the cost of the tools or implements so issued. The
				cost of maintaining tools and implements shall be charged to the expense of the
				department to which they are assigned.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Operating Income › Section 52.500 - Operating Revenues

Current through Register 1525, July 5, 2024
Under this head shall be shown the total revenues derived
			   from water operations, as shown in accounts provided in the classification of
			   water operating revenues, for the period covered by the income statement. (For
			   primary operating revenue accounts see accounts Nos. 501-507
			   inclusive.)
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Operating Income › Section 52.600 - Operating Expenses

Current through Register 1525, July 5, 2024
Under this head shall be shown the total expenses of the
			   water operations of the utility, as shown in the accounts provided in the
			   classification of water operating expenses, for the period covered by the
			   income statement. (For primary operating expense accounts see accounts Nos.
			   610-611 inclusive.)
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Operating Income › Section 52.550 - Uncollectible Operating Revenues

Current through Register 1525, July 5, 2024
This account shall include the amount of bills for water
			   service which have proved impracticable of collection. This includes all
			   uncollectible bills for amounts which have been treated as operating revenues,
			   whether the bills were contracted during the period under consideration or
			   during a previous period.
Operating Revenue accounts which have been written off
			   and afterwards collected, shall upon collection be credited to this
			   account.
In case the accounting company so desires, a reserve
			   account may be created through charges to this account. This reserve account
			   shall at the end of each fiscal period contain only a sufficient amount to
			   offset the estimated amount of bills for water service then outstanding that
			   are deemed impracticable of collection. Such reserve account shall be included
			   in balance sheet account No. 320, "Other Reserves".
All uncollectible bills which have not been treated as
				operating revenue should be charged to the account which was originally
				credited.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Operating Income › Section 52.551 - Taxes

Current through Register 1525, July 5, 2024
This account shall include the amount of taxes applicable
			   to the water operations of the accounting company during the period for which
			   the income account is stated, including the tax levied upon the gross operating
			   revenue to cover the yearly expenses of this Department.
The tax accounts shall be charged at regular accounting
			   intervals and the "Tax Liability Account" concurrently credited with the
			   period's proportion of taxes applicable to the operations covered by each
			   amount. If the exact amounts of the annual taxes are not known, they shall be
			   estimated and a due share of the estimated amounts shall be charged for each
			   accounting period. From time to time during the year as the actual tax levies
			   become known the periodic charges shall be adjusted so as to include as nearly
			   as possible the total amount of the taxes in the period to which they
			   apply.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Non-Operating Incomes › Section 52.560 - Merchandise and Jobbing Revenue

Current through Register 1525, July 5, 2024
This account shall include the revenue derived from the
			   sale of water merchandise and appliances; also revenue for water jobbing and
			   repair work chargeable to the customer.
Credit to this account the gross amounts received from or
			   billed to the customer.
Charge to this account the cost of all merchandise sold,
			   including advertising and incidental expenses in connection therewith, and the
			   cost of all labor and materials used in connection with the work, the revenues
			   from which are included in this account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Non-Operating Incomes › Section 52.561 - Rent from Water Appliances

Current through Register 1525, July 5, 2024
This account shall include the revenues accrued from the
			   renting to others of motors, meters and other water apparatus and appliances.
			   To this account shall be charged the cost of all labor and material incident to
			   the installation, removal, resetting and maintenance of such rented
			   property.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Non-Operating Incomes › Section 52.562 - Miscellaneous Rent Income

Current through Register 1525, July 5, 2024
This account shall include such rents of property owned
			   and controlled by the accounting utility as are not provided for
			   elsewhere.
Charge to this account the cost of maintenance of the
			   property rented, and all incidental expenses in connection therewith, including
			   taxes.
If the expenses of the property leased cannot be
				separated from the expenses of property used in the company's operations, the
				rents shall be credited to revenue account No. 506, "Rent from Property Used in
				Operation."
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Non-Operating Incomes › Section 52.563 - Interest and Dividend Income

Current through Register 1525, July 5, 2024
This account shall include the interest accruing to the
			   accounting company upon the securities of other companies and upon securities
			   of national, state and municipal governments. It shall also include interest on
			   notes and other evidences of indebtedness, interest on bank balances and on
			   open accounts and other analogous items. Interest accrued shall not be credited
			   to this account unless its payment is reasonably assured; in other cases,
			   credits to this account shall be based upon the interest actually
			   collected.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Non-Operating Incomes › Section 52.564 - Income from Sinking and Other Reserve Funds

Current through Register 1525, July 5, 2024
This account shall include the income accrued on cash,
			   securities (other than securities issued or assured by the accounting company)
			   and other assets held in sinking and other reserve funds.
The amount to be shown in the income statement is the net
			   amount after deducting incidental expenses.
Note A
. - When the income
				accruing on the cash or other assets held in sinking fund or other reserve fund
				is required to be retained therein, the amount of such income will be
				concurrently charged to account No. 413, "Surplus Applied to Sinking Fund and
				Other Reserves," and credited to the appropriate balance sheet reserve
				account.
Note B
. - In case the Sinking
				Fund is held by a bank or trust company, the interest which accrues on the
				amount deposited shall be charged to "Sinking Fund" and credited to "Sinking
				Fund Reserve."
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Non-Operating Incomes › Section 52.565 - Amortization of Premium on Bonds

Current through Register 1525, July 5, 2024
This account may include during each fiscal period such
			   proportion of the premium on outstanding bonds as may be applicable to the
			   period; or the utility may defer the extinguishment of such premium until the
			   maturity of the obligation represented.
The amount credited to this account shall be
				concurrently charged to the account in which the premium is
				carried.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Deductions from Gross Income › Section 52.566 - Miscellaneous Non-operating Income

Current through Register 1525, July 5, 2024
This income shall include all items of income accruing to
			   the accounting utility not provided for elsewhere.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Deductions from Gross Income › Section 52.575 - Miscellaneous Rents

Current through Register 1525, July 5, 2024
This account shall include interest accrued on unfunded
			   debt, such as notes property held under lease or agreement and not provided for
			   elsewhere.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Deductions from Gross Income › Section 52.576 - Interest on Bonds and Coupon Notes

Current through Register 1525, July 5, 2024
This account shall include the current accruals of
			   interest on all classes of Bonds or Coupon Notes as defined in balance sheet
			   accounts No. 305, "Bonds," and No. 306, "Coupon Notes," issued or assumed by
			   the accounting company. This account shall not include interest on securities
			   of the accounting company held in its treasury or pledged as
			   collateral.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Deductions from Gross Income › Section 52.577 - Miscellaneous Interest Deductions

Current through Register 1525, July 5, 2024
This account shall include interest accrued on unfunded
			   debt, such as notes payable on demand or notes issued for a specified period,
			   interest on matured securities and open accounts; and other analogous items,
			   including discount on notes payable.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Deductions from Gross Income › Section 52.578 - Amortization of Discount

Current through Register 1525, July 5, 2024
This account shall be charged at regular accounting
			   intervals with that proportion of the unamortized discount and expense on
			   outstanding bonds or coupon notes, which is applicable to the period. The
			   proportion is to be determined according to a rule, the uniform application of
			   which, during the interval between the issue and the date of maturity, will
			   completely amortize or wipe out the discount at which such bonds were issued
			   and the expense connected therewith. Such charges to this account shall not be
			   greater nor less than the amount applicable to the period, so long as any
			   portion of the discount and expense remains unextinguished. All or any portion
			   of the discount and expense remaining at any time unextinguished may, at the
			   option of the utility, be charged to account No. 416, "Discount on Bonds
			   Extinguished through Surplus."
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › INCOME › SCHEDULE OF INCOME ACCOUNTS › Deductions from Gross Income › Section 52.579 - Miscellaneous Deductions from Income

Current through Register 1525, July 5, 2024
This account shall include all items not provided for
			   elsewhere and property chargeable to Income account. Such deductions should not
			   include any appropriations or dispositions of income that rest solely in the
			   discretion of the accounting company.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF PROFIT AND LOSS ACCOUNTS › Credits › Section 52.401 - Credit Balance at Beginning of Fiscal Period

Current through Register 1525, July 5, 2024
This account shall include the net credit balance in the
			   Profit and Loss account at the beginning of the fiscal
			   period.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF PROFIT AND LOSS ACCOUNTS › Credits › Section 52.402 - Credit Balance Transferred from Income Account

Current through Register 1525, July 5, 2024
This account shall include the net income for the fiscal
			   period brought forward from the Income account. If the balance in the Income
			   account is a loss it shall be shown in account No. 412, "Debit Balance
			   Transferred from Income Account," and not in this account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF PROFIT AND LOSS ACCOUNTS › Credits › Section 52.403 - Miscellaneous Credits

Current through Register 1525, July 5, 2024
This account shall include amounts, not provided for
			   elsewhere, transferred from other accounts to surplus, and amounts representing
			   increases of resources not properly assignable to the income accounts of the
			   fiscal period for which the accounts are stated. Among the items includible in
			   this account are the following:
Adjustments or cancellations of balance sheet
			   accounts.
Profit derived from the sale of investment
			   securities.
Credits resulting from adjustments required to bring to
			   par, securities issued or assumed by the accounting company and re-acquired at
			   a cost less than the par value.
Unreleased premium on bonds at maturity when the
			   extinguishment of premium has been deferred until the maturity of the bonds
			   instead of being extinguished through periodic credits to Income
			   account.
Collection of old accounts (other than revenue accounts)
			   previously written off.
Revenue accounts charged to account No. 550,
				"Uncollectible Operating Revenues," and later collected, shall upon collection
				be credited to the account which was originally charged when the amount in
				question was written off, and not to Profit and
				Loss.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF PROFIT AND LOSS ACCOUNTS › Debits › Section 52.411 - Debit Balance at Beginning of Fiscal Period

Current through Register 1525, July 5, 2024
This account shall include the net debit balance in the
			   Profit and Loss account at the beginning of the fiscal
			   period.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF PROFIT AND LOSS ACCOUNTS › Debits › Section 52.412 - Debit Balance Transferred from Income Account

Current through Register 1525, July 5, 2024
This account shall include the net loss for the fiscal
			   period brought forward from the Income Account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF PROFIT AND LOSS ACCOUNTS › Debits › Section 52.413 - Surplus Applied to Sinking Fund and Other Reserves

Current through Register 1525, July 5, 2024
This account shall include appropriations of surplus for
			   sinking fund and other reserves; also allotments of surplus or payments of
			   definite amounts from surplus into sinking fund and other reserves under terms
			   of mortgages, deeds of trust, or other contracts that provide for such
			   payments, and accretions to such funds representing interest or other returns
			   on the assets carried therein.
The amounts charged to this account shall be
				concurrently credited to balance sheet account No. 321, "Sinking Fund
				Reserves," or account No. 322, "Miscellaneous Fund
				Reserves."
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF PROFIT AND LOSS ACCOUNTS › Debits › Section 52.414 - Dividend Appropriations of Surplus

Current through Register 1525, July 5, 2024
This account shall include amounts declared payable as
			   dividends on actually outstanding capital stock issued or assumed by the
			   accounting company.
This account shall be subdivided so as to show separately
			   the dividends on the various classes of capital stock.
This account shall not include charges for dividends on
				capital stock issued or assumed by the accounting company and owned by it,
				whether held in the treasury, in special deposits, or pledged as
				collateral.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF PROFIT AND LOSS ACCOUNTS › Debits › Section 52.415 - Appropriations of Surplus for Depreciation

Current through Register 1525, July 5, 2024
When the balance shown in balance sheet account No. 319,
			   "Depreciation Reserve," is less than is necessary to provide for the retirement
			   of property no longer used or useful in the conduct of the company's business,
			   and for losses in value due to wear and tear not covered by current repairs,
			   the company may charge this account and concurrently credit balance sheet
			   account No. 319, "Depreciation Reserve," with such amounts as shall be deemed
			   necessary to cover such deficiency.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF PROFIT AND LOSS ACCOUNTS › Debits › Section 52.416 - Discount on Bonds Extinguished through Surplus

Current through Register 1525, July 5, 2024
This account shall include appropriations made, at the
			   option of the accounting utility, to reduce or extinguish the discount and
			   expense on bonds carried in balance sheet account No. 216, "Unamortized Debt
			   Discount and Expense." (See Income account No. 578, "Amortization of
			   Discount.")
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF PROFIT AND LOSS ACCOUNTS › Debits › Section 52.417 - Other Deductions from Surplus

Current through Register 1525, July 5, 2024
This account shall include amounts not provided for
			   elsewhere chargeable to Surplus account from other accounts; amounts written
			   off in consequence of adjustments, and payments not properly chargeable to the
			   Income accounts of the fiscal period for which the accounts are stated. Among
			   the items includible in this account are the following:
Adjustments or cancellations of balance sheet
			   accounts.
Losses resulting from the sale of investment
			   securities.
Losses resulting from the sale of property below the
			   amount at which such property stands charged in the plant or other asset
			   accounts.
Debits resulting from adjustments required to bring to
			   par, securities issued or assumed by the accounting company and re-acquired at
			   a cost exceeding the par value.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF PROFIT AND LOSS ACCOUNTS › Debits › Section 52.418 - Appropriations of Surplus for Construction

Current through Register 1525, July 5, 2024
This account shall include such appropriations of surplus
			   as are definitely set aside for construction and for additions to and
			   betterments of the company's plant and property, the cost of which is
			   includible in balance sheet account No. 202, "Miscellaneous Physical
			   Property."
The amounts charged to this account shall concurrently be
			   credited to balance sheet account No. 324, "Surplus Invested in Plant."
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF OPERATING REVENUE ACCOUNTS › Revenues from Sale of Water › Section 52.501 - Metered Sales to General Consumers

Current through Register 1525, July 5, 2024
This account shall include all revenue received from the
			   sale of water through ordinary meters for residential, commercial and
			   industrial purposes where the total receipt is dependent upon quantity of water
			   supplied, except revenues from the sale of water to municipal corporations and
			   other governmental agencies at rates not available to non-municipal
			   users.
This account may be subdivided to show the sales of
				water for residential, commercial and industrial purposes, by tariff schedules
				or otherwise.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF OPERATING REVENUE ACCOUNTS › Revenues from Sale of Water › Section 52.502 - Flat-Rate Sales to General Consumers

Current through Register 1525, July 5, 2024
This account shall include all revenues received from the
			   sale of water at flat rates per year, per night, per hour, or other time unit,
			   or on any basis independent of the quantity of water supplied, except revenues
			   from the sale of water to municipal corporations and other governmental
			   agencies at rates not available to non-municipal users.
This account may be subdivided to show the sales of
				water for residential, commercial and industrial purposes, by tariff schedules
				or otherwise.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF OPERATING REVENUE ACCOUNTS › Revenues from Sale of Water › Section 52.503 - Sales to Other Water Companies

Current through Register 1525, July 5, 2024
This account shall include all revenues derived from
			   water sold to other water companies to be by them distributed through their own
			   system to consumers.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF OPERATING REVENUE ACCOUNTS › Revenues from Sale of Water › Section 52.504 - Municipal Hydrants

Current through Register 1525, July 5, 2024
This account shall include all revenues derived from
			   hydrant rental. When the hydrant rental paid by the municipality includes the
			   use of water for street sprinkling and flushing purposes and such water is not
			   being separately metered, the total revenue collected under the contract for
			   hydrant rental shall be credited to this account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF OPERATING REVENUE ACCOUNTS › Revenues from Sale of Water › Section 52.505 - Miscellaneous Municipal Revenues

Current through Register 1525, July 5, 2024
This account shall include all revenues derived from
			   water supplied to municipal corporations at special rates not available to
			   non-municipal consumers; also all revenues from water supplied under special
			   contract with federal, state or county government.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF OPERATING REVENUE ACCOUNTS › Miscellaneous Revenues › Section 52.506 - Rent from Property used in Operation

Current through Register 1525, July 5, 2024
This account shall include rents received for the use by
			   others of buildings, land and other property devoted to water operations of the
			   accounting company, including the rental of pipe lines used for the
			   transmission of water. This covers such matters as rent from the joint use of
			   office buildings; also rent of buildings used as warehouses.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › SCHEDULE OF OPERATING REVENUE ACCOUNTS › Miscellaneous Revenues › Section 52.507 - Miscellaneous Operating Revenues

Current through Register 1525, July 5, 2024
This account shall include revenues derived from water
			   operations which are not includible in any of the foregoing revenue accounts.
			   This covers such items as profit on the sale of materials and supplies not
			   ordinarily purchased for resale, sale of overflow water, etc.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › INSTRUCTIONS PERTAINING TO OPERATING EXPENSE ACCOUNTS

Current through Register 1525, July 5, 2024
All companies having operating revenues in excess of $15,000
		    shall keep the operating expense accounts in accordance with the account
		    numbers designated as 601-1 to 610-11.
All companies having operating revenues less than $15,000
		    shall keep their operating expense accounts in accordance with the account
		    numbers designated as 601 to 610.
Charges made to operating expense account "Depreciation"
		    shall be concurrently credited to "Depreciation Reserve."
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Source of Water Supply Expenses › Section 52.601 - Maintenance of Source of Water Supply › Subsection 52.601-1 - Maintenance of Water Supply Buildings and Fixtures

Current through Register 1525, July 5, 2024
This account shall include the cost of labor and
				material used in repairs to buildings, fixtures, and grounds used in connection
				with the source of water supply, such as dwellings occupied by patrolmen,
				inspectors, caretakers, and other employees engaged in the operation of the
				source of water supply, pump houses, well houses, and other
				buildings.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Source of Water Supply Expenses › Section 52.601 - Maintenance of Source of Water Supply › Subsection 52.601-2 - Maintenance of Surface Source of Supply Facilities

Current through Register 1525, July 5, 2024
This account shall include the cost of labor and
				material used in repairs to impounding reservoirs, dams, artificial lakes and
				ponds, canals, conduits, embankments, channels, waste weirs, gates, valves,
				gate structures, pipe lines, flumes, aqueducts, supporting trestles, viaducts,
				and appurtenant equipment when used for collection or diversion of water from a
				surface source of supply.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Source of Water Supply Expenses › Section 52.601 - Maintenance of Source of Water Supply › Subsection 52.601-3 - Maintenance of Ground Source of Water Supply

Current through Register 1525, July 5, 2024
This account shall include the cost of labor and
				material used in repairs to large open wells, shallow tubular wells, deep
				wells, artesian wells, springs, and repairs to infiltration galleries. Include
				also repairs to collecting reservoirs, intake wells, and conduits and
				appurtenant equipment when used for the collection of water from a ground
				source of water supply.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Source of Water Supply Expenses › Section 52.602 - Water Purchased for Resale

Current through Register 1525, July 5, 2024
This account shall include the cost at the point of
			   delivery to the utility of all water purchased for resale.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Pumping Expenses › Section 52.603 - Pumping Labor, Supplies and Expenses › Subsection 52.603-1 - Pumping Labor

Current through Register 1525, July 5, 2024
This account shall include the cost of all labor
				incident to the pumping of water, including the wages of boiler house employees
				and those employed in the generation of power by means of gas or oil; also the
				cost of all labor employed in operating power equipment including engineers,
				oilers, wipers, machinists and all other employees whose duties concern the
				operation of such equipment.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Pumping Expenses › Section 52.603 - Pumping Labor, Supplies and Expenses › Subsection 52.603-2 - Boiler Fuel

Current through Register 1525, July 5, 2024
This account shall include the cost of all fuel for
				producing steam, also the fuel used for producing gas in gas engines and the
				fuel for oil or gasoline engines. Charges shall be based on the cost delivered
				at plant for storage, and include the cost of fuel, freight, switching,
				demurrage, cost of unloading and cartage to point of delivery at plant and the
				cost of transferring fuel from one storage point to
				another.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Pumping Expenses › Section 52.603 - Pumping Labor, Supplies and Expenses › Subsection 52.603-3 - Water for Steam

Current through Register 1525, July 5, 2024
This account shall include the cost of water for
				boilers, condensers and for cooling purposes. Such cost, when water is
				purchased, should be based on the contract price or meter rate. Include also
				the cost of boiler compounds.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Pumping Expenses › Section 52.603 - Pumping Labor, Supplies and Expenses › Subsection 52.603-4 - Electric Power Purchased

Current through Register 1525, July 5, 2024
This account shall include the cost, at the point of
				delivery, of all electric power purchased.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Pumping Expenses › Section 52.603 - Pumping Labor, Supplies and Expenses › Subsection 52.603-5 - Miscellaneous Pumping Station Supplies and Expenses

Current through Register 1525, July 5, 2024
This account shall include the cost of all supplies
				used, and expenses incurred in pumping water, not chargeable to any of the
				preceding accounts. This will include power plant records, boiler inspection,
				water for fire protection and general use, light and heat at pumping station,
				telephone service, gaskets, fire tools, gauge glasses and washers, waste,
				lubricants, packing, wipers, hand tools, belting, rope, cable, laboratory
				apparatus and items of a similar nature.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Pumping Expenses › Section 52.604 - Maintenance of Pumping Plant › Subsection 52.604-1 - Maintenance of Power Pumping Buildings and Fixtures

Current through Register 1525, July 5, 2024
This account shall include the cost of repairing and
				maintaining power pumping station buildings, fixtures, and grounds. This will
				include repairs to structures and all fixtures permanently attached thereto,
				such as water pipes and fixtures; pipes and fixtures for warming and
				ventilation; gas pipes and fixtures for lighting purposes, electric wiring and
				fixtures for lighting; furnaces, boilers, etc., used for producing steam for
				heating; also fences, walls, sidewalks, and pavements, adjacent to such
				buildings.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Pumping Expenses › Section 52.604 - Maintenance of Pumping Plant › Subsection 52.604-2 - Maintenance of Pumping Equipment

Current through Register 1525, July 5, 2024
This account shall include the cost of repairing and
				maintaining all pumping equipment including boilers and accessories, gas
				producers, and other pumping equipment whether driven by steam, electricity or
				other power, including pumps and prime movers and appurtenant equipment such as
				condensers, switchboards, motor generator sets, lubricating systems, belting
				and other accessory equipment.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Pumping Expenses › Section 52.604 - Maintenance of Pumping Plant › Subsection 52.604-3 - Maintenance of Miscellaneous Pumping Plant Equipment

Current through Register 1525, July 5, 2024
This account shall include the cost of repairing and
				maintaining all power pumping station plant equipment, not includible in any of
				the preceding accounts, such as cranes, hoists, machine tools, safety
				appliances, and other miscellaneous power pumping station
				equipment.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Purification Expenses › Section 52.605 - Purification Labor, Supplies and Expenses › Subsection 52.605-1 - Purification Labor

Current through Register 1525, July 5, 2024
This account shall include the cost of labor engaged in
				the different processes of purification, from the point where water is received
				into the system to the point where it is ready for distribution. This will
				include labor for operating filters, and water treatment equipment, cleaning
				basins, removal of ice and sediment, etc.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Purification Expenses › Section 52.605 - Purification Labor, Supplies and Expenses › Subsection 52.605-2 - Purification Supplies and Expenses

Current through Register 1525, July 5, 2024
This account shall include the cost of supplies
				consumed, and expenses, elsewhere unprovided for, incurred by the utility in
				the operation of its purification facilities. This will include the cost of all
				chemicals consumed in the purification process; light and heat, ice, towels and
				soap, brooms and similar items.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Purification Expenses › Section 52.606 - Maintenance of Purification Buildings and Equipment › Subsection 52.606-1 - Maintenance of Purification Buildings and Fixtures

Current through Register 1525, July 5, 2024
This account shall include the cost of repairing and
				maintaining buildings, fixtures, and grounds devoted to the purification of
				water.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Purification Expenses › Section 52.606 - Maintenance of Purification Buildings and Equipment › Subsection 52.606-2 - Maintenance of Purification Equipment

Current through Register 1525, July 5, 2024
This account shall include the cost of repairing and
				maintaining all equipment used in the various stages of water purification.
				This will include repairs to sedimentation and coagulating basins, clear water
				basins, filters and their appurtenant equipment, water treatment equipment,
				renewing sand, washing sand, etc.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents › PROFIT AND LOSS › OPERATING EXPENSES › Transmission and Distribution Expenses › Section 52.607 - Inspecting Customers' Installations

Current through Register 1525, July 5, 2024
This account shall include labor and expense incurred in
			   inspecting and testing plumbing and fixtures of consumers in connection with
			   complaints; and all other services performed on the premises of consumers for
			   which no charge is made by the utility.