reglab/statecodes huggingface dataset:
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 462 - Instructions-balance Sheet Accounts › Section 462.2 - Current and accrued assets

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
					 Current and accrued assets are cash, those assets which are readily convertible
					 into cash, or are held for current use in operations or construction, current
					 claims against others, payment of which is reasonably assured, advance payments
					 made by the utility benefit of which is to be realized within a relatively
					 short period, and amounts accruing to the utility which are subject to current
					 settlement, except such items for which accounts other than those designated as
					 current and accrued assets are provided.
(b) There shall not be included in the group
					 of accounts designated as current and accrued assets any item the amount or
					 collectibility of which is not reasonably assured, unless an adequate reserve
					 has been provided therefor. Items of current character but of doubtful value
					 may be written down and for record purposes carried in these accounts at
					 nominal value.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 462 - Instructions-balance Sheet Accounts › Section 462.3 - Current and accrued liabilities

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Current and accrued liabilities are those
					 obligations which have either matured at the date of the balance sheet or which
					 become due within one year from the date thereof, including demand obligations,
					 except, however, bonds, receivers' certificates and similar obligations which
					 shall be classified as long-term debt until date or maturity, and except also
					 advances from associated companies; accrued taxes, such as income taxes, which
					 shall be classified in the balance sheet as accrued liabilities even though
					 payable more than one year from the balance sheet date; compensation awards,
					 which shall be classified as current liabilities regardless of date due;
					 interest accrued on customers' deposits, and minor items payable in
					 installments which may be classified as current liabilities.
(b) If a liability is due more than one year
					 from date of issuance or assumption by the utility, it shall be credited to a
					 long-term debt account appropriate for the transaction, except, however, the
					 current liabilities mentioned in subdivision (a) of this section; but, for the
					 purpose of classification in the balance sheet, a debt (except bonds,
					 receivers' certificates, and similar obligations and advances from associated
					 companies), shall be classified as a current and accrued liability if due
					 within one year from the balance sheet date.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 462 - Instructions-balance Sheet Accounts › Section 462.4 - Securities owned

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Securities
					 of others acquired by the utility shall be recorded in these accounts at cost
					 at the time of acquisition. Cost does not include any amount paid for accrued
					 interest or dividends.
(b) The
					 utility may write down the cost of any security in recognition of a decline in
					 the value thereof. Securities shall be written off or written down to a nominal
					 value if there be no reasonable prospect of substantial value. Fluctuations in
					 market value shall not be recorded, but a permanent impairment in the value of
					 the securities shall be recognized in the accounts. When securities are written
					 off or written down, the amount of the adjustment shall be charged to account
					 538, Miscellaneous Income Deductions, or to account 414, Miscellaneous Debits
					 to Surplus, or to an appropriate reserve account.
(c) When securities with a fixed maturity
					 date are purchased at a discount (that is, when the total cost, including
					 brokerage fees, taxes, commissions, etc., is less than par), such discount may
					 be amortized over the remaining life of the securities through periodic debits
					 to the account in which the securities are carried (preferably coincident with
					 entries recording interest accruals) and credits to the same account in which
					 the interest revenue is recorded. No debits shall be made in respect to
					 discount upon securities held as investments or in special funds if there is
					 reason to believe that such securities will be disposed of by redemption or
					 otherwise at less than par or will not be paid at date of maturity.
(d) When securities with a fixed maturity
					 date are purchased at a premium (that is, when the total cost, including
					 brokerage fees, taxes, commissions, etc., is in excess of par), such premium
					 may be amortized over the remaining life of the securities through periodic
					 credits to the account in which the securities are carried (preferably
					 coincident with entries recording interest accruals) and debits to the same
					 account in which the interest revenue is recorded.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 462 - Instructions-balance Sheet Accounts › Section 462.5 - Discount, expense, and premium on capital stock

Current through Register Vol. 46, No. 28, July 10, 2024
(a) This system of accounts provides separate
					 accounts for discount, expense, and premium on capital stock. These accounts
					 shall be subdivided for each class and series of capital stock issued by the
					 utility. Expenses applicable to capital stock shall not be added to capital
					 stock discount nor deducted from premium on capital stock.
(b) In stating the balance sheet, discount
					 and expense and premium shall not be set-off against each other.
(c) General levies or assessments against
					 holders of stock with par value shall be credited to the premium account for
					 the particular class and series of capital stock so assessed; levies or
					 assessments against holders of stock without par value shall be credited to the
					 account for the particular class and series of stock so assessed.
(d) If discount or expense on capital stock
					 is charged off in whole or in part, prior to retirement of the stock, account
					 414, Miscellaneous Debits to Surplus, shall be debited.
(e) When capital stock which has been
					 actually issued by the utility is reacquired or retired, the difference between
					 the amount paid therefor upon reacquirement by the utility and the par value
					 (amount at which included in account 200, Common Capital Stock, or account 201,
					 Preferred Capital Stock, in the case of stock without par value) plus the
					 premium or less the discount and expense originally entered in respect thereto
					 and not charged off, shall be debited or credited, as the case may be, to
					 account 270, Unearned Surplus; provided, however, that debits shall be charged
					 to account 414, Miscellaneous Debits to Surplus, if the amounts thereof exceed
					 the balance in unearned surplus; and provided further, that in no event shall
					 debits in excess of accumulated credits from the retirement of stock be charged
					 to unearned surplus.
The above subdivision (e) does not apply in case of
						  merger or consolidation.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 462 - Instructions-balance Sheet Accounts › Section 462.7 - Contingent assets and liabilities

Current through Register Vol. 46, No. 28, July 10, 2024
Contingent assets represent a possible source of value to
						the utility contingent upon the fulfillment of conditions regarded as
						uncertain. Contingent liabilities include items which may under certain
						conditions become obligations of the utility but which are neither direct nor
						assumed liabilities at the date of the balance sheet. The utility shall be
						prepared to give a complete statement of contingent assets and liabilities
						(including cumulative dividends on preference stock) in its annual report and
						at such other times as may be requested by the commission.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 462 - Instructions-balance Sheet Accounts › Section 462.8 - Company securities owned

Current through Register Vol. 46, No. 28, July 10, 2024
Securities actually issued or assumed by the utility
						which have been reacquired shall be either retired or carried in account 152,
						Reacquired Capital Stock, or account 153, Reacquired Long-term Debt, unless it
						is required by provision of a mortgage, or by decision of a trustee not subject
						to control by the accounting utility, that they be retained alive in sinking or
						other funds. When so retained they shall be considered as actually outstanding,
						but not otherwise.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 462 - Instructions-balance Sheet Accounts › Section 462.9 - Nominally issued securities

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Each
					 utility shall maintain, in addition to the capital stock and bond accounts
					 shown in the balance sheet, memorandum debit and credit accounts for securities
					 which have been nominally, but not actually, issued.
(b) When non-par stock is nominally issued
					 the number of shares issued shall be shown in the memorandum
					 accounts.
(c) Subdivisions shall be
					 maintained under the memorandum accounts for each class of
					 securities.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 463 - Instructions-steam Plant Accounts › Section 463.1 - Classification of steam plant at effective date of system of accounts

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Not later than
					 December 31, 1938, each utility shall have completed the studies necessary for
					 determining the original cost thereof and classifying its steam plant as of the
					 effective date of this system of accounts in accordance with the accounts
					 prescribed herein (accounts 101 to 105 and subaccounts thereunder) and it shall
					 submit prior to said date to the commission the entries it proposes to make to
					 carry out the provisions of this system of accounts. It shall submit also, a
					 comparative balance sheet showing the accounts and amounts appearing in its
					 books as of the effective date of this system of accounts and the accounts and
					 respective amounts as of the same date after the proposed entries shall have
					 been made.
(b) Pending the
					 classification of steam plant at the effective date of this system of accounts
					 in accordance with the accounts prescribed herein, each utility shall maintain
					 its present accounts with respect to such property as subaccounts of account
					 106.1, Steam Plant in Process of Reclassification.
(c) Nothing herein stated shall be taken as
					 permitting the recording as part of the original cost of steam plant of amounts
					 charged in previous years to operating expenses, operating taxes or other
					 income or surplus accounts.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 463 - Instructions-steam Plant Accounts › Section 463.3 - Steam plant purchased

Current through Register Vol. 46, No. 28, July 10, 2024
(a) When
					 steam plant constituting an operating unit or system is acquired by purchase,
					 merger, consolidation, liquidation, or otherwise, after the effective date of
					 this system of accounts, the cost of acquisition, including expenses incidental
					 thereto and properly includible in steam plant, shall be charged to account
					 106.2, Steam Plant Purchased.
(b)
					 The accounting for the acquisition shall then be completed as follows:
(1) The original cost, estimated if not
					 known, (less any credits for contributions in aid of construction applicable to
					 the property transferred), shall be credited to account 106.2, Steam Plant
					 Purchased, and concurrently charged to account 101, Steam Plant in Service,
					 account 102, Steam Plant Leased to Others, account 103, Construction Work in
					 Progress, and account 104, Steam Plant Held for Future Use, as appropriate, and
					 distributed to the detailed accounts which they control.
(2) The accrued depreciation applicable to
					 the properties purchased shall be charged to account 106.2, Steam Plant
					 Purchased, and concurrently credited to account 250, Reserve for Depreciation
					 of Steam Plant.
(3) The amounts
					 previously carried by the selling company in account 265, Contributions in Aid
					 of Construction, shall be charged to account 106.2, Steam Plant Purchased, and
					 concurrently credited to account 265, Contributions in Aid of
					 Construction.
(4) The amount
					 remaining in account 106.2, Steam Plant Purchased, shall then be closed to
					 account 105, Steam Plant Acquisition Adjustments, unless otherwise ordered by
					 this commission.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 463 - Instructions-steam Plant Accounts › Section 463.5 - Overhead construction costs

Current through Register Vol. 46, No. 28, July 10, 2024
(a) All overhead construction costs, such as
					 engineering, supervision, general office salaries and expenses, construction
					 engineering and supervision by others than the accounting utility, law
					 expenses, insurance, injuries and damages, relief and pensions, taxes and
					 interest, shall be charged to particular jobs or units on the basis of the
					 amounts of such overheads reasonably applicable thereto, to the end that each
					 job or unit shall bear its equitable proportion of such costs and that the
					 entire cost of the unit, both direct and overhead, shall be deducted from the
					 steam plant accounts at the time the unit of property is retired.
(b) The instructions contained herein shall
					 not be interpreted as permitting the addition to steam plant accounts of
					 arbitrary percentages or amounts to cover assumed overhead costs, but as
					 requiring the assignment to particular jobs and accounts of reasonable overhead
					 costs to the extent actually incurred, as shown by records currently
					 maintained.
(c) The records
					 supporting the entries for overhead construction costs shall be so kept as to
					 show the total amount of each overhead for each year, the nature and amount of
					 each overhead expenditure charged to each construction work order and to each
					 steam plant account, and the bases of distribution of such costs.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 463 - Instructions-steam Plant Accounts › Section 463.6 - Leased property, expenditures on

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
					 Except as provided in subdivision (b) of this section, the cost of initial
					 improvements (including repairs, rearrangements, additions and betterments) to
					 property leased from others made in the course of preparing the property for
					 service, and the cost of any subsequent additions or betterments to such leased
					 property shall be charged to the steam plant or other property account
					 appropriate for the class of property leased. (See account 101 and operation
					 and maintenance instruction, section
					 467.5 
					 of this Article.)
(b) When the
					 initial improvements to leased property which are otherwise chargeable to steam
					 plant or other property accounts are of relatively minor cost or short life,
					 the cost shall be charged to the account in which the rent expense is included.
					 If the period of the lease is not more than five years, the cost may be carried
					 in account 146, Other Deferred Debits, and charged off over the period of the
					 lease to the account in which the rent expense is included. (See also operation
					 and maintenance instruction, section
					 467.5[e] 
					 of this Article.)
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 463 - Instructions-steam Plant Accounts › Section 463.7 - Temporary facilities

Current through Register Vol. 46, No. 28, July 10, 2024
When property ordinarily having a service life of more
						than one year is installed for temporary use in steam service, it shall be
						accounted for in the manner prescribed for steam plant in
						service.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 463 - Instructions-steam Plant Accounts › Section 463.10 - Equipment

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Equipment as
					 used in this system of accounts, means all tangible steam plant, other than
					 land and structures as herein defined.
(b) The cost of equipment, unless otherwise
					 indicated in the text of an equipment account, includes, in addition to the
					 actual price thereof, sales taxes, investigation and inspection expenses
					 necessary to such purchase, expenses of transportation when borne by the
					 utility, labor employed, materials and supplies consumed, and expenses incurred
					 by the utility in unloading and placing the equipment in readiness to
					 operate.
(c) Exclude from equipment
					 accounts hand and other portable tools which are likely to be lost or stolen or
					 which have relatively small value (for example, $200 or less) or short life,
					 unless the correctness of the accounting therefor as steam plant is verified by
					 current inventories. Special tools acquired and included in the purchase price
					 of equipment shall be included in the appropriate plant account. Portable
					 drills and similar tool equipment when used in connection with the operation
					 and maintenance of a particular plant or department, such as production,
					 transmission, distribution, etc., or stores, shall be charged to the plant
					 account appropriate for their use.
(d) The equipment accounts shall include
					 angle irons and similar items which are installed at the base of an item of
					 equipment, but piers and foundations which are designed to be as permanent as
					 the buildings which house the equipment, or which are constructed as a part of
					 the building and which cannot be removed without cutting into the floors or
					 walls of the building, shall be included in the building accounts.
(e) The equipment accounts shall include all
					 the necessary costs of testing or running a plant or part thereof during an
					 experimental or test period prior to becoming available for service. The
					 accounting utility shall furnish the commission with full particulars of and
					 justification for any test or experimental run extending beyond a period of 30
					 days.
(f) The cost of efficiency or
					 other tests made subsequent to the date equipment becomes available for service
					 shall be charged to the appropriate operating expense accounts, except that
					 tests to determine whether equipment meets the specifications and requirements
					 as to efficiency, performance, etc., guaranteed by manufacturers, made after
					 operations have commenced and within the period specified in the agreement or
					 contract of purchase, may be charged to the appropriate steam plant
					 account.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 463 - Instructions-steam Plant Accounts › Section 463.11 - Additions and retirements of steam plant

Current through Register Vol. 46, No. 28, July 10, 2024
(a) For the purpose of avoiding undue
					 refinement in accounting for additions to and retirements and replacements of
					 steam plant, all property shall be considered as consisting of (1) retirement
					 units and (2) minor items of property.
(b) Units of property (i.e., retirement
					 units, see section
					 460.1[a][36] 
					 of this Article). Each utility may adopt its own list of retirement units for
					 the purpose of this instruction until such time as the commission shall
					 prescribe a list of units. Not later than six months after the effective date
					 of this system of accounts, each utility shall file with the commission a list
					 of the items of property it proposes to account for as retirement units of
					 property. Revisions of such list may be made at any time by appropriate filing
					 thereof with the commission.
(1) When a
					 retirement unit is added to steam plant, the cost thereof shall be added to the
					 appropriate steam plant account, except that when retirement units are acquired
					 in the acquisition of any steam plant constituting an operating system, they
					 shall be accounted for as provided in steam plant instruction, section
					 463.3  of
					 this Part.
(2) When a retirement
					 unit is retired from steam plant, with or without replacement, the book cost
					 thereof shall be credited to the steam plant account in which it is included,
					 determined in the manner set forth in subdivision (d) of this section. The book
					 cost of the retirement unit retired and credited to steam plant shall be
					 charged to the depreciation reserve provided for such property. (See also
					 account 144, Retirement Work in Progress, and steam plant instruction, section
					 463.12 
					 of this Part.)
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 463 - Instructions-steam Plant Accounts › Section 463.12 - Work order system required

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
					 Each utility shall record all changes in steam plant used wholly or partly in
					 steam operations by means of a work order or job order system. The work order
					 system shall include a work order estimate and a work in progress record, which
					 shall be supported as indicated below.
(b) All installations, additions,
					 retirements, or replacements shall be covered by a work order estimate and a
					 work in progress record. Standing work orders may be used by utilities with
					 steam annual operating revenues in excess of $25,000,000 for projects of less
					 than $10,000 each; by utilities with similar revenues between $5,000,000 and
					 $25,000,000 for projects of less than $5,000 each; and utilities with similar
					 revenues below $5,000,000 for projects of less than $1,000 each; except that
					 projects upon which interest during construction is charged shall not be
					 recorded through standing work orders. These limits may be modified by order of
					 the commission when warranted by particular circumstances.
(c) The work order estimate shall include the
					 following particulars:
(1) A designation
					 number or letter and the signature of the officer or employee who authorized
					 the work or purchase. If authorization is by the board of directors or other
					 body, the proper officer shall so state over his signature.
(2) A description and the location of the
					 work to be done (or the purchase to be made), stating the reasons which
					 necessitated the work, and the dates between which such work (or purchase) is
					 to be accomplished. For each project for which interest during construction is
					 charged, the date when completed and the date when placed in operation shall be
					 shown either in the work order estimate or the work in progress
					 record.
(3) Detailed estimates of
					 the cost of the project, to be supported by maps, plans, diagrams,
					 specifications, etc., applicable.
(4) The account or accounts to which the cost
					 of the project is chargeable and the amount chargeable to each
					 account.
(5) Any variations between
					 estimates and actual costs of the project.
(6) When a project involves changes in
					 existing property, either the work order estimate or the work in progress
					 record shall show the year of installation of the property retired or otherwise
					 affected and shall show or refer to other records which cover the book cost
					 (estimated if not known, and the basis of the estimate to be stated) and the
					 name and page of the accounting and engineering books and records covering such
					 installation and the cost thereof.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 463 - Instructions-steam Plant Accounts › Section 463.13 - Transfers of property

Current through Register Vol. 46, No. 28, July 10, 2024
(a) When
					 steam plant consisting of one or more retirement units is transferred from one
					 account for steam plant to another, from one utility department to another,
					 such as from steam to electric, from one cost area to another, between accounts
					 101, Steam Plant in Service, 102, Steam Plant Leased to Others, 104, Steam
					 Plant Held for Future Use, or between corresponding accounts for common utility
					 plant, the transfer shall be recorded by transferring the book cost thereof
					 from one account, department, or cost area to the other. In the case of all
					 transfers between accounts 101, 102 and 104, and corresponding accounts for
					 common utility plant and from one utility department to another, and in case of
					 transfers of substantial amounts in any year from one primary account for steam
					 or common plant to another, or from one accounting division to another, any
					 related amounts carried in the depreciation reserves shall, not later than the
					 end of the year, be transferred in accordance with the segregation of such
					 reserves. When property (except customers' meters) in connection with which
					 installation costs have been incurred is physically transferred, it shall be
					 accounted for as provided in steam plant instruction section
					 463.11.
(b) When property is transferred from the
					 steam plant accounts to account 110, Other Physical Property, the transfer
					 shall be accomplished by crediting the steam plant accounts and charging the
					 depreciation reserve with the book cost of the item transferred; the
					 depreciation reserve shall then be credited, as the estimated salvage, and
					 account 110, Other Physical Property, concurrently charged with the market
					 value of the property transferred. If the property is sold within a relatively
					 short time, a debit or credit shall be made to the depreciation reserve to
					 adjust the estimated salvage to the amount actually realized.
Account 110 may be charged with the cost new (instead
						  of the market value) and account 253.3, Reserve for Depreciation and
						  Amortization of Other Property, credited with the difference between such cost
						  and the market value.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 463 - Instructions-steam Plant Accounts › Section 463.14 - Common utility plant

Current through Register Vol. 46, No. 28, July 10, 2024
(a) If the
					 utility is engaged in more than one utility service, such as steam and electric
					 or gas, and any of its utility plant is used in common for several utility
					 services or for other purposes to such an extent and in such manner that it is
					 impracticable to segregate it by utility services currently in the accounts, or
					 if general equipment is of such a nature that even though it is used
					 exclusively for one class of utility service or is associated with one process
					 or function within a department, it is likely to be used simultaneously by more
					 than one department or is subject to transfer between departments, such
					 property may be designated and classified as "Common Utility Plant". (See
					 accounts 109.1 to 109.6 for common utility plant.)
(b) Utility plant designated as common
					 utility plant shall be classified according to the detailed utility plant
					 accounts appropriate for the property. Provisions in this system of accounts
					 applicable to steam plant accounts shall extend also to the accounts for common
					 utility plant.
(c) The utility
					 shall be prepared to show at any time and to report to the commission annually,
					 or more frequently if required, and by utility plant accounts (301 to 390), the
					 following:
(1) the book cost of common
					 utility plant,
(2) the allocation
					 of such cost to the respective departments using the common utility plant, and
(3) the basis of the
					 allocation.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 464 - Instructions-earned Surplus Account › Section 464.1 - Purpose of earned surplus account

Current through Register Vol. 46, No. 28, July 10, 2024
The earned surplus account is the collective title for a
						group of accounts which form the connecting link between the income account and
						the balance sheet. The several accounts thereof (400 to 414) are designed to
						show the changes in earned surplus or deficit during each calendar year
						resulting from (a) the operations and other transactions during the period as
						reflected in the income accounts, (b) appropriations or other reservations of
						earned surplus for specific purposes, (c) accounting adjustments not properly
						attributable to the period, (d) miscellaneous gains and losses not accounted
						for elsewhere, and (e) appropriations for dividends.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 465 - Instructions-income Accounts › Section 465.1 - Purpose of income accounts

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
					 The income accounts (501 to 540) are designed to show for each month and each
					 calendar year the operating revenues and expenses, the other income, the income
					 deductions, the net income, the miscellaneous reservations of net income and
					 the amount of income or loss remaining for transfer to earned
					 surplus.
(b) Accounts 501 to 508
					 are designed to show the income from steam operations. Account 509 is designed
					 to show the income from other utility operations which are subject to the
					 jurisdiction of the commission. The utility shall keep the accounts relating
					 thereto in accordance with the effective systems of accounts for the several
					 classes of operations.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 465 - Instructions-income Accounts › Section 465.2 - Records for other income

Current through Register Vol. 46, No. 28, July 10, 2024
The records supporting the other income shall be so kept
						that the utility can furnish detailed statements of the revenues from each
						source and the expenses and other deductions related to such
						revenues.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 465 - Instructions-income Accounts › Section 465.3 - Income from sinking and other funds

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Interest and other revenues derived from
					 funds carried in account 113, sinking funds and account 114, miscellaneous
					 special funds, shall be credited to account 525, Revenues From Sinking and
					 Other Funds.
(b) When the income is
					 required by a mortgage or other provisions to be held in the fund from which
					 the income arises, an amount equal to the income shall be added to the fund to
					 which it is applicable.
(c) When
					 income derived from sinking funds and other special funds is required to be
					 retained in the fund and the fund is represented by a reserve, the amount of
					 such income accretions to the fund shall be credited to the appropriate reserve
					 account and charged to account 540, Miscellaneous Reservations of Net Income,
					 or account 413, Miscellaneous Reservations of Surplus, as
					 appropriate.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 465 - Instructions-income Accounts › Section 465.4 - Rents includible in income accounts

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Rents which the utility receives from
					 others for steam operating property the investment in which is properly
					 includible in account 102, Steam Plant Leased to Others, shall be recorded in
					 account 508, Income from Steam Plant Leased to Others. Rentals from steam
					 property owned by the utility and properly includible in account 101, Steam
					 Plant in Service, shall be credited to account 610, Rent from Steam
					 Property.
(b) All expenses,
					 including the provision for depreciation, if any, applicable to property the
					 income from which is included in account 508, Income from Steam Plant Leased to
					 Others, shall be charged to that account.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 466 - Instructions-operating Revenue Accounts › Section 466.1 - Purpose of operating revenue accounts

Current through Register Vol. 46, No. 28, July 10, 2024
The operating revenue accounts (601 to 615) are designed
						to show the amounts of money which the utility becomes entitled to receive from
						furnishing steam utility service and from service incidental thereto, including
						amounts for services rendered but not yet billed when the utility exercises its
						option and records on its books such accrued steam revenue. (See account 130,
						Accrued Utility Revenues.)
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 466 - Instructions-operating Revenue Accounts › Section 466.2 - Basis of credits to operating revenue accounts

Current through Register Vol. 46, No. 28, July 10, 2024
Credits to the operating revenue accounts shall be made
						on the basis of the net tariff rates. Discounts forfeited for delayed payments,
						shall be credited to account 612, Customers' Forfeited Discounts. Corrections
						of overcharges and overcollections theretofore credited, authorized abatements
						and allowances, and other corrections shall be charged to the revenue accounts
						to which they relate.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 466 - Instructions-operating Revenue Accounts › Section 466.3 - Commissions on steam sales

Current through Register Vol. 46, No. 28, July 10, 2024
If the utility distributes all or a part of its steam
						through an agent but the sales are made to customers under rate schedules filed
						by the utility, then the utility shall credit its revenue accounts with the
						full amount of sales to customers. The commission paid to the agent shall be
						charged to account 804, Commissions Paid under Agency Sales Contracts, and any
						distribution expenses charged by the agent shall be debited to the appropriate
						expense accounts. Agents shall credit the amount of commissions earned to
						operating revenue account 615, Miscellaneous Steam Revenues.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 466 - Instructions-operating Revenue Accounts › Section 466.4 - Steam supplied without direct charge

Current through Register Vol. 46, No. 28, July 10, 2024
Steam supplied to municipalities, or to other
						governmental units, without charge, in accordance with franchise and similar
						requirements, shall be charged to account 805, Franchise Requirements, and
						credited concurrently to account 806, Duplicate Miscellaneous
						Charges--Credit.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 466 - Instructions-operating Revenue Accounts › Section 466.5 - Steam used by utility

Current through Register Vol. 46, No. 28, July 10, 2024
(a) If the
					 utility desires to charge the appropriate accounts in any of its steam
					 operations with the cost of steam used from its own supply, the credit therefor
					 shall not be made to operating revenue accounts, but to account 806, Duplicate
					 Miscellaneous Charges--Credit.
(b)
					 Steam supplied by the utility from its own supply to other departments shall be
					 accounted for in the following manner: If the steam is supplied under a
					 definite arrangement whereby the actual costs are allocated between or among
					 the departments using the steam, the credit in the accounts of the steam
					 department shall be made to account 712, Steam Transferred--Credit, except that
					 the amount of any return or interest, and the amount of depreciation and taxes
					 charged against the other departments shall be credited to account 611,
					 Interdepartmental Rents. If the charges are at tariff or other specified rates
					 for the steam supplied, then the entire amount charged shall be credited to
					 account 607, Interdepartmental Sales.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 466 - Instructions-operating Revenue Accounts › Section 466.6 - Supporting records

Current through Register Vol. 46, No. 28, July 10, 2024
Each utility shall so keep the records supporting the
						entries to each steam operating revenue account that it can furnish, (a) the
						name of each customer, (b) the quantity of steam furnished to each customer,
						(c) the amount charged for steam furnished each customer and (d) the service
						classification under which the charge is made. Each utility shall also be
						prepared to report upon request, within a reasonable time, for each month or
						other billing period and for each year, the quantity of steam sold and the
						charges therefor, by service classifications.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 467 - Instructions-operation And Maintenance Accounts › Section 467.1 - Purpose of operation and maintenance accounts

Current through Register Vol. 46, No. 28, July 10, 2024
The operation and maintenance accounts (701 to 809) are
						designed to show in detail the cost (except depreciation, certain property
						losses, and taxes) of furnishing steam utility service. (See general
						instructions §§
											461.6
						and
						461.7.)
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 467 - Instructions-operation And Maintenance Accounts › Section 467.2 - Maintenance, cost of

Current through Register Vol. 46, No. 28, July 10, 2024
(a) The cost of
					 maintenance chargeable to the various operating expense accounts and to
					 clearing accounts includes labor, materials, overhead and other expenses
					 incurred in maintenance work, such as:
(1)
					 Associated costs of local plant supervision.
(2) Cost of transportation, shop and stores
					 expense, and use of tools and implements.
(3) Cutting and replacing pavement, pavement
					 base, and sidewalks, in connection with repairs.
(4) Inspecting and testing after repairs have
					 been made.
(5) Inspecting, testing
					 (except routine tests of steam meters), and reporting on the condition of steam
					 plant in service specifically to determine the need for repairs, minor
					 replacements, rearrangements and changes.
(6) Replacing minor items of plant (see steam
					 plant instruction §
												463.11,
					 subd. [c]).
(7) Rearranging and
					 changing the location of property not retired.
(8) Repairing materials for reuse.
(9) Restoring the condition of property
					 damaged by storms, breakage, floods, fire, accident, or other casualties (see
					 subd. [b] below).
(10) Restoring
					 the condition of property damaged by wear and tear, decay, or action of the
					 elements (see subd. [b] below).
(11) Routine work (see also subd. [b] below)
					 to prevent trouble.
(12) Testing
					 for, locating, and clearing trouble, including stopping leaks.
(13) Training employees for maintenance
					 work.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 467 - Instructions-operation And Maintenance Accounts › Section 467.3 - Salvage and insurance

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
					 Salvage and insurance recovered in connection with maintenance jobs shall be
					 credited to the appropriate maintenance accounts.
(b) If the amount of insurance recovered is
					 relatively large and is received before the repairs have been completed, a
					 disproportionate credit to operating expenses may be avoided by crediting the
					 amount of the insurance recovered to a suspense account, to be transferred to
					 the appropriate maintenance accounts as the charges for the work are
					 made.
(c) Insurance recovered in
					 connection with personal injuries charged to account 799, Injuries and Damages,
					 shall be credited to that account.
(d) Dividends distributed by mutual insurance
					 companies shall be credited to the accounts to which the insurance premiums
					 were charged.
(e) Recoveries under
					 fidelity bonds shall be credited to the account charged with the
					 loss.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 467 - Instructions-operation And Maintenance Accounts › Section 467.4 - Supervision and engineering

Current through Register Vol. 46, No. 28, July 10, 2024
The supervision and engineering includible in the
						operating expense accounts shall consist of the pay and expenses (company and
						railroad transportation, lodging, meals, taxi and car fares and other traveling
						and incidental expenses) of superintendents, engineers, clerks, other employees
						and consultants engaged in supervising and directing the operations and
						maintenace of each steam utility function; also office supplies and expenses,
						including the maintenance of office furniture and equipment. Whenever
						allocations are necessary in order to arrive at the amount to be included in
						any account, the method and basis of allocation shall be
						preserved.
New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 467 - Instructions-operation And Maintenance Accounts › Section 467.5 - Operating rents

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Rent
					 expense accounts are provided under each functional group of expense accounts.
					 These accounts shall be charged with all rents paid for property used in steam
					 operations. If the rents cover property used for more than one function, such
					 as production and distribution, the rents shall be apportioned to the
					 appropriate rent expense accounts on an actual, or, if necessary, an estimated
					 basis.
(b) Rents paid for property
					 devoted to operations for which clearing accounts are used shall be charged to
					 the appropriate clearing accounts.
(c) The cost, when incurred by the lessee, of
					 operating and maintaining leased property, shall be charged to the accounts
					 appropriate for the expense if the property were owned.
(d) Taxes paid by the lessee upon leased
					 property shall be charged to the appropriate rent expense or clearing
					 account.
(e) When the lessee is
					 responsible for the replacement of steam plant leased from others, the cost of
					 replacements shall be charged to the appropriate rent expense or clearing
					 account, unless a reserve therefor has been provided, in which event the charge
					 shall be to the reserve. (See steam plant instruction §
											463.6.)
(f) When a portion of property or equipment
					 rented from others for use in connection with steam operations is subleased,
					 the revenue derived from such subleasing shall be credited to account 610, Rent
					 from Steam Property; provided, however, that in case the rent was charged to a
					 clearing account, amounts received from subleasing the property shall be
					 credited to such clearing account.
(g) If leased property is used by more than
					 one department, the rental on such property shall be apportioned to the
					 appropriate rent or clearing accounts of the various departments of the
					 utility.
(h) Property operated
					 jointly by the utility and another or others under a definite arrangement
					 whereby the actual costs are shared between or among the parties shall be
					 considered for the purpose of this system of accounts as a joint facility, and
					 the accounting in connection therewith shall be handled as provided in
					 operation and maintenance instruction section
					 467.6,
					 following.
(i) Rents payable to
					 customers for use of their steam equipment shall be charged to a separate
					 subdivision of account 710, Rents. (See note to account 710.)