6.1. ERMUSR 11-17-2009 - Laserfiche WebLink

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Water Accounts with shared allocations 62-0730-7395 Expense TRANSPORTATION EXPENSE The expenses coming into this account are 1) direct from payroll 2) direct from specific purchases or services for water 3) a portion/split of fuel invoices on bulk purchases 4) invoices from City for shared services (vehicle maintenance for example) for specific vehicles assigned to water dept 62-0740-7431 Expense METER READING EXPENSE The expenses coming into this account are 1) direct from payroll 2) a portion/split of meter reading invoices based on the number of meters used by water 62-0745-7451 Expense DEPRECIATION -WATER The expenses coming into this account are 1) monthly journal entry to accrue the depreciation expense based on specific assets assigned to the water dept General assets are split 25% assigned to water and the depreciation for those are here also 62-0748-7481 Expense INTEREST ON BONDS/LONG TERM The expenses coming into this account are 1) monthly journal entry to record the interest expense on borrowing specific to water General bonds are split 25% assigned to water and the interest expense for those are here also 62-0900-9030 Expense COLLECTING EXP DISC/RECONNECT The expenses coming into this account are 1) a portion/split of meter readout/disconnect/reconnect invoice 25% 62-0900-9051 Expense MISC CUSTOMER ACCTS EXP-COMP The expenses coming into this account are 1) allocation of cost for items such as: bank fees ach processing postage for billings paper for billings envelopes for billings printing of door hangers printing of notices drop box rental fees post office box fees software for general use such as power manager "*items related to being able to bill and collect from the customer''''* 25% is the split to water 62-0920-9201 Expense SALARIES/OFFICE ~ COMMISSION The expenses coming into this account are 1) a portion/split of salaries/office and commission 25%