Definitions
These definitions define the cost allocation data inputs for the following categories;
This data will be updated when necessary by the administrator when the financial models change. Â In theory this should happen every year, but sooner depending on the changes of the current organization.
5000 Operating Expenses
Operating expenses are expenditures incurred by a transit agency in providing public transportati...
5010 Labor
Labor expenses arise from the performance of work by employees. Labor expenses include pay and al...
5011 Operators' Salaries and Wages
Operators’ salaries and wages include the cost of labor, excluding paid absences and fringe benef...
5012 Operators' Paid Absences
This includes vacation leave, sick time, and other paid time off not contingent on a specific eve...
5013 Other Salaries and Wages
This object class includes the cost of labor, excluding paid absences and fringe benefits, of emp...
5014 Other Paid Absences
This includes vacation leave, sick time, and other paid time off not contingent on a specific eve...
5015 Fringe Benefits
Fringe benefits are the expenses for employment benefits that an employee receives in addition to...
5020 - Services
Services are the labor and other work provided by outside organizations for fees and related expe...
5030 Materials and Supplies
The expenses in the following three object classes include products obtained from outside supplie...
5031 Fuel and Lubricants
This object class includes fuel used to propel revenue and non-revenue vehicles and lubricants su...
5032 Tires and Tubes
This object class includes the cost of tires and tubes, whether they are rented, leased or purcha...
5039 Other Materials and Supplies
The expenses in this object class include products obtained from outside suppliers or those manuf...
5040 Utilities
This object class includes expenses for electricity, gas, water, telephone, heating oil, fuel for...
5050 Casualty and Liability Costs
Casualty and liability costs are expenses related to loss protection and losses incurred by the t...
5060 Taxes
Tax expenses are the charges and assessments levied against the transit agency by federal, state ...
5090 Indirect Expenses
Indirect (F&A) costs means those costs incurred for a common or joint purpose benefitting more th...
5100 Purchased Transportation Expenses
Purchased Transportation (PT) expenses include the payments or accruals to sellers or providers o...
5101 Purchased Transportation in Report
This object class includes the payments or accruals to sellers or providers of service, including...
5102 Purchased Transportation Filing Separate Report
The agency reports Purchased Transportation (PT) expenses in this object class when the other par...
5090 Miscellaneous Expenses
This object class includes expenses that cannot be attributed to any of the other expense object ...
5910 ADA Expenses
The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination and ensures equal oppo...
5200 Reconciling Items
Reconciling items are expenses that are not included as capital expenses or as mode-specific oper...
5210 Interest Expenses
Interest expenses are charges for the use of capital borrowed by the transit agency. Interest exp...
5211 Interest on Short-Term Debt Obligations
Charges for the use of capital borrowed on a short-term basis employed in the operation of the tr...
5212 Principal on Short-Term Debt Obligations
Repayments of principal on loans and bonds Amounts borrowed by the transit agency on a short-term...
5213 Interest on Long-Term Debt Obligations
Charges for the use of capital borrowed on a long-term basis (the liability for which is usually ...
5214 Principal on Long-Term Debt Obligations
Repayments of principal on loans and bonds Amounts borrowed by the transit agency on along-term b...
5220 Operating Lease Expense
Operating lease expenses include payments for the use of Capital Assets not owned by the transit ...
5230 Capital Leases
Other than an operating lease, a transit agency may also have a capital lease. A lease is conside...
5240 Related Parties Lease Agreements
Other than operating and capital leases, transit agencies may also have related parties lease agr...
5250 Voluntary Non-Exchange Transactions
This object class is for the provider to record the non-exchange expenses when all applicable eli...
5260 Depreciation
Depreciation is the depletion of the cost of Capital Assets; it reflects the loss in value of cap...
5270 Amortization of Intangibles
Amortization is the systematic spreading of the value of Intangible Assets other than Goodwill ov...
5280 Extraordinary and Special Items
Extraordinary items are material events or transactions that are distinguished by their unusual n...
5290 Other Reconciling Items
Other Reconciling Items are any other costs that cannot be captured in the above reconciling item...
5920 ADA Reconciling Items
The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination and ensures equal oppo...