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Seats, chairs, and cushions.
Shovels.

Slice bars and pokers.
Spyglasses.

Steam distribution systems.

Steering equipment.
Telescopes.

Ticket cases.

Tool boxes.

Tools, miscellaneous.

Tracks on car floats.
Ventilating equipment.
Wrenches.

§ 103.57 Work equipment. This account shall include the cost of work equipment, including motor driven equipment, purchased or built by the carrier; cost of appurtenances, furniture, and fixtures necessary to equip it for service, and cost of inspection and transportation charges to the carrier's line.

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NOTE: The cost of motor equipment of cars shall be included in Account 55, "Motor equipment of cars."

§ 103.58

Miscellaneous equipment. This account shall include the cost of horses and harness; and cost of wagons, automobiles, and other highway vehicles.

GENERAL EXPENDITURES

NOTE: The primary accounts of this general account àre designed to include expenditures made in connection with the acquisition and construction of original road and equipment, and with extensions, additions, and betterments to road and equipment property, when such expenditures can not properly be included in any of the foregoing accounts as a part of the cost of any specific work. When assignable, such expenditures shall be included in the cost of the property in connection with which the expenditures occur.

§ 103.71 Organization expenses.. This account shall include all fees paid to governments for the privilege of incorporation, and office and other expenditures incident to organizing the corporation and putting it in readiness to do business; cost of preparing and distributing prospectuses; cost of soliciting subscriptions for stock; cash fees paid to promoters, and the actual cash value (at the time of the organization) of securities paid to promoters for their services special in organizing the enterprise;

counsel fees; cost of preparing and issuing certificates of stock; cost of procuring the necessary certificates from State authorities; and other like costs.

NOTE: Cost of soliciting for loans or for the sale of bonds or other evidences of indebtedness shall be charged to Balance-sheet Account 725, "Discount on funded debt."

§ 103.72 General officers and clerks. This account shall include the pay and expenses of executive and general officers and of general office clerks engaged exclusively in connection with the construction of new road and extensions.

NOTE: The salaries and expenses of executive and general officers and of general office clerks engaged in connection with the conduct of commercial operations during the period before the regular operation of revenue trains shall be included in Account 40, "Revenues and operating expenses during construction."

§ 103.73 Law. This account shall include specific and distinct expenditures, not provided for elsewhere, for law service in connection with the acquisition of new road, road extensions, additions, and betterments, such as pay and expenses of counsel, solicitors, and attorneys, their clerks and attendants, and expenses of their offices.

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Wage tables.

Wastebaskets.

Watercolors.

Water holders.
Waybills.

Wrapping paper.

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Wringers for copying presses.

NOTE A: The cost of printing bonds, etc., in connection with the carrier's funded debt shall be included in Balance-sheet account 725, "Discount on funded debt."

NOTE B: The cost of stationery and printing, when assignable, shall be included in the cost of the property in connection with the acquirement or construction of which the expenditure occurs.

§ 103.75 Taxes. This account shall include State, county, township, city, school, road, annual franchise, and all other taxes and assessments levied and paid on property belonging to the carrier during construction and before the facilities are used for commercial operations, except special assessments for street and other improvements chargeable to Account 36, "Paving," or 39, "Assessments for public improvements."

NOTE: Taxes during construction, when assignable, shall be included in the cost of the property acquired or constructed.

§ 103.76 Interest during construction. When any bonds, notes, or other evidences of indebtedness are sold, or any interest-bearing debt is incurred for ac

quisition and construction of original road and equipment, extensions, additions, and betterments, the interest accruing on the part of the debt representing the cost of property chargeable to road and equipment accounts (less interest, if any, allowed by depositaries on unexpended balances) after such funds become available for use and before the receipt or the completion or coming into service of the property so acquired shall be charged to this account.

When such securities are sold at a premium the proportion of such premium assignable to the time between the date of the actual issuance of the securities and the time when the property acquired or the improvement made becomes available for service shall be credited to this account.

This account shall also include such proportion of the discount and expense on funded debt issued for the acquisition of original road, original equipment, road extensions, additions, and betterments, as is equitably assignable to the period between the date of the actual issuance of securities and the time when the property acquired or the improvement made becomes available for the service for which it is intended. The proportion of discount and expense thus chargeable shall be determined by the ratio between the period prior to the completion or coming into service of the facilities or improvements acquired and the period of the entire life of the securities issued. This account shall also include reasonable charges for interest, during the construction period before the property becomes available for service, on the carrier's own funds expended for construction purposes.

NOTE A: Interest on bonds, notes, or other evidences of indebtedness accruing before the proceeds from the sale of the securities become available for use shall not be included in this account, nor shall there be included any interest accruing after the property with respect to which the proceeds are expended is received or becomes available for use in connection with commercial

service.

NOTE B: If any securities which have been issued or assumed by the carrier are sold or exchanged by or for the carrier for a consideration the actual money value of which at the time of such sale or exchange is less than the value of the securities at par and the accrued interest thereon, if any, the difference between the money value of the consideration received and the par value of the securities plus the accrued interest shall be

deemed a discount. In no case (except as provided in the third and fourth paragraphs of this account) shall discounts be included as part of the cost of anything charged to any account prescribed in this classification.

NOTE C: For definition of securities actually issued, see Note B, under General balance-sheet Account 755, "Funded debt unmatured."

NOTE D: Whenever interest, premium, or discount assignable to the construction period is incurred in connection with an expenditure covered by some specific road and equipment account or accounts, such interest, premium, or discount shall be charged directly to the specific accounts to which it is related.

§ 103.77 Other expenditures-general. This account shall include all expenditures of a special and incidental nature in connection with the acquisition and construction of original road and equipment, road extensions, additions, and betterments which can not properly be included in any other account in this classification.

PART 104-APPLICATION OF UNIFORM SYSTEM OF ACCOUNTS TO CLASS C AND CLASS D PUBLIC UTILITIES AND LICENSEES

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104.5

104.6

104.7

104.8

104.9

Earned surplus account for utilities other than municipal licensees. Earned surplus account for municipal licensees.

Income accounts for all utilities. Operating revenue accounts for all utilities.

Operating expense accounts for all utilities.

104.10 Clearing accounts for utilities other than municipal licensees. 104.11 Clearing accounts for municipal licensees.

AUTHORITY: §§ 104.1 to 104.11, inclusive, issued under secs. 3 (13), 4 (b), 301, 304 (a), 308, 309, 49 Stat. 839, 854, 855, 858; 16 U. S. C., 796 (13), 797 (b), 825 (a), (b), 825c (a), 825g, 825h.

SOURCE: §§ 104.1 to 104.11, inclusive, contained in Order 141, Federal Power Commission, Dec. 11, 1947, effective Jan. 1, 1948, 12 F.R. 8564.

§ 104.1 Application of uniform system of accounts to Class C and Class D public

utilities and licensees. This part is designed to show the accounts required to be kept by Class C and Class D Public Utilities and Licensees. The accounts required to be kept by each class of public utilities and licensees are shown in comparative form in order clearly to designate and identify the accounts required to be kept.by the Class C and Class D utilities. Class C and Class D utilities are defined as follows:

Class C: Utilities having annual electric operating revenues of more than $100,000 but not more than $250,000.

Class D: Utilities having annual electric operating revenues of more than $25,000 but not more than $100,000.

Each Class C utility shall keep all of the accounts listed in this part, insofar as applicable, that contain, as a part of the title, the four digit numbers beginning with the figure 1 (For example, account 1100, Electric Plant).

Each Class D utility shall keep all of the accounts listed in this part, insofar as applicable, that contain, as a part of the title, the four digit numbers beginning with the figure 2 (For example, account 2100, Electric Plant).

Any Class C or Class D utility may at its option keep the accounts prescribed for Class A or Class B utilities, or any Class D utility may keep the accounts prescribed for Class C utilities.

The Uniform System of Accounts, approved June 16, 1936, is applicable in principle to all licensees subject to the Commission's accounting requirements under the Federal Power Act and to all public utilities as defined in that act. Many of the accounts that are required to be kept by Class A and Class B utilities, however, have been grouped or combined in order that the accounting system prescribed for the smaller Class C and Class D utilities may conform more nearly to the nature and volume of their transactions. The definitions and all instructions contained in the main body of the Uniform System of Accounts, apply in principal to Class C and Class D public utilities. References in said definitions and instructions to accounts which have been combined herein shall apply in principle to the combined account. The texts and lists of items appearing under the accounts prescribed for Class A and Class B utilities shall apply in detail to the accounts prescribed herein for Class C and Class D utilities.

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