New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter V - WATERWORKS CORPORATIONS › Subchapter E - Uniform Systems Of Accounts › Article 2 - Classes C and D › Accounts

Current through Register Vol. 46, No. 28, July 10, 2024
Balance Sheet Accounts
Assets and Other Debits
Utility Plant
Note A:
In accounts 1101, 1102, and 1104 for water plant are to be
					 carried the totals of the detailed plant accounts 1301-1336 in which the
					 utility' s plant is required to be carried on the utility's plant
					 ledger.
Note B:
If the utility is engaged in more than one utility service,
					 such as water, electric or steam, and any of its utility plant is used in
					 common for several utility services or for other services, the original cost of
					 such plant may be carried in a separate subdivision of the plant accounts,
					 whereto the word "common" shall be suffixed to designate such property as
					 common.
Section D 1100.
Water
				  Plant
This account shall include items provided for in accounts
					 1101 to 1104.
Section C
				  1101.
Water Plant in Service
This account shall include the original cost of water plant
					 owned and used and useful by the utility in the service of the public in its
					 water operations. The original cost of such plant not owned, including
					 additions to and betterments of property leased from others, shall be included
					 in separate subdivisions of this account. (See water plant instruction §
										577.6.)
Section C 1102.
Water
				  Plant Leased to Others
This account shall include the original cost of water plant
					 owned by the utility and leased to others as operating units or systems when
					 the lessee has exclusive possession, such as an entire source of supply,
					 distribution system, or office building.
Section C 1103.
Construction Work in
				  Progress
This account shall include the expenditures on water plant
					 in process of construction but not ready for service at the date of the balance
					 sheet.
Section C 1104.
Water Plant Held for Future Use
This account shall include the original cost of water plant
					 owned and held for future use in water service under a definite plan for such
					 use. This includes property acquired but never used by the utility in water
					 service, but held for such service in the future under a definite plan, and
					 property previously used by the utility in water service, but retired from such
					 service and held pending its reuse in water service in the future under a
					 definite plan.
Note:
Materials and supplies and meters held in reserve shall not
					 be included in this account.
Section D C
				  1105.
Water Plant Acquisition Adjustments
(A) With respect to water plant acquired
				  prior to the effective date hereof and still in service at that date, this
				  account shall include (unless otherwise ordered by this commission) the
				  difference between the amount carried on the books therefor as of the effective
				  date hereof, and the original cost thereof when such difference is not clearly
				  includible in any other account.
(B) With respect to water plant acquired
				  after December 31, 1938, as an operating unit or system by purchase, merger,
				  consolidation, liquidation or otherwise, this account shall include (unless
				  otherwise ordered by this commission) the difference between (a) the cost to
				  the accounting utility of such water plant, and (b) the original cost thereof,
				  less credits representing contributions (see paragraph B of account 1265,
				  Contributions in Aid of Construction, and water plant instruction §
											577.1,
				  subd. [e]), less the amount or amounts credited to the depreciation reserves of
				  the accounting utility at the time of acquisition with respect to such water
				  plant and less the amount in account 1265, Contributions in Aid of
				  Construction.
(C) Whenever
				  practicable, this account shall be subdivided by Class C utilities according to
				  the character of the amounts included herein and so as to show the amounts
				  applicable to water plant in service, water plant leased to others, and water
				  plant held for future use.
(D) A
				  record shall be kept of the amounts in this account for each property
				  acquisition after the effective date hereof.
(E) With respect to the amount applicable to
				  water plant acquired prior to the effective date hereof, and to each property
				  acquisition thereafter, the utility shall notify the commission as to its
				  program for depreciation, amortization, or other disposition of the amounts
				  included in this account.