ENTRY NO. 18 - EXPENDITURES ARE REPORTED BY A CONSTRUCTION AGENCY/DEPARTMENT - 10518

(Revised: 12/2021)

Purpose: To record the expenditures reported by a construction agency/ department against the prepayment amount for capital outlay projects to reflect the amount still unexpended.

 

References: SAM sections 6868, 8636, and 10537

 

Record Reduction of Prepayment Amount

Debit/ Credit	Account	Legacy Account	Account Description	Note
Debit	3500000	5330	Reserve for Prepaid Items	a
Credit	1309200	1730	Prepayments to Other Funds or Appropriations	a

 

Note:

a.  Amount of transfer expended by the construction agency/department.

See SAM section 10537 to record Construction Work in Progress.