LIST OF ACCOUNTS PAYABLE FOR FARMING AND PROCESSING OPERATIONS - 10873-May-1987
SAM Chapter 10500 requires that accounts payable as of June 30 be listed by allotment and appropriation but prescribes no specific form. That instruction regarding the form of the list also applies to institutions with farming and processing operations for all of their allotments except Farming and Processing. For this allotment the List of Accounts Payable for Farming and Processing Operations illustrated on the following page is prescribed.
Every account payable for farming and processing materials and supplies will be compared with the Stock Received Reports listed on the List of Unpaid Stock Received Reports. (See SAM 10872.) This comparison will be made in order to identify the accounts payable for those materials and supplies that will be charged to current or prior year appropriations but that have not been received by June 30. This identification will be made by checking off the Stock Received Report numbers on the List of Unpaid Stock Received Reports and at the same time noting the Stock Received Report numbers on the List of Accounts Payable.
Adjustments will be made in the Worksheet–Farming and Processing Operating Expenses (See SAM 10990) for the amounts of the materials and supplies that are on order for current or prior year appropriations but which have not been received by June 30. The amounts of these adjustments will be determined by analyzing by operation, such as Farm General or Hog Ranch, accounts payable for materials and supplies for which a Stock Received Report number is not indicated.