452 USDA Commodity Foods (FC1-A Line #127) Record cost of USDA Commodity Foods as used from inventory. 453 Food Processing Supplies (FC1-A Line #128) Include amounts for School Food Service food processing supplies and for other supplies not classified above. The description of the full account code should specify the type of supplies being purchased. NOTE: School Food Service supplies MUST be coded to object code 453. 454 Inventory Loss (FC1-A Line #129) Include amounts that are incurred on damaged items for which no refund or reimbursement is received (Spoilage-USDA Commodities). 455 Meal Sales Discount (FC1-A Line #130) Include the discounted portion of sales for discounted Child Nutrition Program meals. 459 Other Food Purchases (FC1-A Line #131) Include amounts expended for other food purchases not classified above. Expenditures for local school board meetings should be charged here. 461 Furniture and Equipment - Inventoried (FC1-A Line #132) Include expenditures for the initial, additional and replacement costs of equipment for both instructional and support areas whose small unit cost and/or lease/purchase arrangement makes it inadvisable to capitalize the item. Use this code only if you will inventory the items purchased. If not inventorying the item, use 411 Supplies and Materials instead. – 462 Computer Equipment - Inventoried (FC1-A Line #133) Include expenditures for computer hardware whose small unit cost and/or lease/purchase arrangement makes it inadvisable to capitalize the item. Use this code only if you will inventory the items purchased. If not inventorying the item, use 411 Supplies and Materials instead. – 471 Sales and Use Tax Expense (FC1-A Line #134) Include the amount of sales and use tax expense if not included with the primary expenditure/object code. 472 Sales and Use Tax Refund (Contra-expenditure) (FC1-A Line #138) Include the amount of sales and use tax refunds received from the NC Department of Revenue. 541 Purchase of Furniture and Equipment - Capitalized (FC1-A Line #11 or #13) Include expenditures for the initial, additional, and replacement items of capitalized equipment such as furniture and machinery; including lease/purchase, for both instructional and support areas.
452 USDA Commodity Foods (FC1-A Line #127) Record cost of USDA Commodity Foods as used from inventory. 453 Food Processing Supplies (FC1-A Line #128) Include amounts for School Food Service food processing supplies and for other supplies not classified above. The description of the full account code should specify the type of supplies being purchased. NOTE: School Food Service supplies MUST be coded to object code 453. 454 Inventory Loss (FC1-A Line #129) Include amounts that are incurred on damaged items for which no refund or reimbursement is received (Spoilage-USDA Commodities). 455 Meal Sales Discount (FC1-A Line #130) Include the discounted portion of sales for discounted Child Nutrition Program meals. 459 Other Food Purchases (FC1-A Line #131) Include amounts expended for other food purchases not classified above. Expenditures for local school board meetings should be charged here. 461 Furniture and Equipment - Inventoried (FC1-A Line #132) Include expenditures for the initial, additional and replacement costs of equipment for both instructional and support areas whose small unit cost and/or lease/purchase arrangement makes it inadvisable to capitalize the item. Use this code only if you will inventory the items purchased. If not inventorying the item, use 411 – Supplies and Materials instead. 462 Computer Equipment - Inventoried (FC1-A Line #133) Include expenditures for computer hardware whose small unit cost and/or lease/purchase arrangement makes it inadvisable to capitalize the item. Use this code only if you will inventory the items purchased. If not inventorying the item, use 411 – Supplies and Materials instead. 471 Sales and Use Tax Expense (FC1-A Line #134) Include the amount of sales and use tax expense if not included with the primary expenditure/object code. 472 Sales and Use Tax Refund (Contra-expenditure) (FC1-A Line #138) Include the amount of sales and use tax refunds received from the NC Department of Revenue. 541 Purchase of Furniture and Equipment - Capitalized (FC1-A Line #11 or #13) Include expenditures for the initial, additional, and replacement items of capitalized equipment such as furniture and machinery; including lease/purchase, for both instructional and support areas.
chartofaccts-017-18.docx