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5270 Amortization of Intangibles

Definitions

Amortization is the systematic spreading of the value of Intangible Assets other than Goodwill ov...

Updated 1 year ago by Alex Hilton

5260 Depreciation

Definitions

Depreciation is the depletion of the cost of Capital Assets; it reflects the loss in value of cap...

Updated 1 year ago by Alex Hilton

5250 Voluntary Non-Exchange Transactions

Definitions

This object class is for the provider to record the non-exchange expenses when all applicable eli...

Updated 1 year ago by Alex Hilton

5240 Related Parties Lease Agreements

Definitions

Other than operating and capital leases, transit agencies may also have related parties lease agr...

Updated 1 year ago by Alex Hilton

5230 Capital Leases

Definitions

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

Updated 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year ago by Alex Hilton

5910 ADA Expenses

Definitions

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

Updated 1 year 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 1 year 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 1 year 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 1 year ago by Alex Hilton

5100 Purchased Transportation Expenses

Definitions

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

Updated 1 year 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 1 year ago by Alex Hilton

5060 Taxes

Definitions

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

Updated 1 year 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 1 year ago by Alex Hilton