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5230 Capital Leases

Definitions

Other than an operating lease, a transit agency may also have a capital lease. A lease is conside...

Updated 11 months ago by Alex Hilton

5220 Operating Lease Expense

Definitions

Operating lease expenses include payments for the use of Capital Assets not owned by the transit ...

Updated 11 months ago by Alex Hilton

5214 Principal on Long-Term Debt Obligations

Definitions

Repayments of principal on loans and bonds Amounts borrowed by the transit agency on along-term b...

Updated 11 months ago by Alex Hilton

5213 Interest on Long-Term Debt Obligations

Definitions

Charges for the use of capital borrowed on a long-term basis (the liability for which is usually ...

Updated 11 months ago by Alex Hilton

5212 Principal on Short-Term Debt Obligations

Definitions

Repayments of principal on loans and bonds Amounts borrowed by the transit agency on a short-term...

Updated 11 months ago by Alex Hilton

5211 Interest on Short-Term Debt Obligations

Definitions

Charges for the use of capital borrowed on a short-term basis employed in the operation of the tr...

Updated 11 months ago by Alex Hilton

5210 Interest Expenses

Definitions

Interest expenses are charges for the use of capital borrowed by the transit agency. Interest exp...

Updated 11 months ago by Alex Hilton

5200 Reconciling Items

Definitions

Reconciling items are expenses that are not included as capital expenses or as mode-specific oper...

Updated 11 months ago by Alex Hilton

5910 ADA Expenses

Definitions

The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination and ensures equal oppo...

Updated 11 months ago by Alex Hilton

5090 Miscellaneous Expenses

Definitions

This object class includes expenses that cannot be attributed to any of the other expense object ...

Updated 11 months ago by Alex Hilton

5102 Purchased Transportation Filing Separate Report

Definitions

The agency reports Purchased Transportation (PT) expenses in this object class when the other par...

Updated 11 months ago by Alex Hilton

5101 Purchased Transportation in Report

Definitions

This object class includes the payments or accruals to sellers or providers of service, including...

Updated 11 months ago by Alex Hilton

5100 Purchased Transportation Expenses

Definitions

Purchased Transportation (PT) expenses include the payments or accruals to sellers or providers o...

Updated 11 months ago by Alex Hilton

5090 Indirect Expenses

Definitions

Indirect (F&A) costs means those costs incurred for a common or joint purpose benefitting more th...

Updated 11 months ago by Alex Hilton

5060 Taxes

Definitions

Tax expenses are the charges and assessments levied against the transit agency by federal, state ...

Updated 11 months ago by Alex Hilton

5050 Casualty and Liability Costs

Definitions

Casualty and liability costs are expenses related to loss protection and losses incurred by the t...

Updated 11 months ago by Alex Hilton

5040 Utilities

Definitions

This object class includes expenses for electricity, gas, water, telephone, heating oil, fuel for...

Updated 11 months ago by Alex Hilton

5039 Other Materials and Supplies

Definitions

The expenses in this object class include products obtained from outside suppliers or those manuf...

Updated 11 months ago by Alex Hilton

5032 Tires and Tubes

Definitions

This object class includes the cost of tires and tubes, whether they are rented, leased or purcha...

Updated 11 months ago by Alex Hilton

5031 Fuel and Lubricants

Definitions

This object class includes fuel used to propel revenue and non-revenue vehicles and lubricants su...

Updated 11 months ago by Alex Hilton