00-a-023 - Expenditure Sub-object Codes for distinguishing between taxable and non-taxable awards (June 21, 2000)
Posted on 10/21/2021 at 12:49 PM by Kansas Department of Administration
|INFORMATIONAL CIRCULAR NO. 00-A-023|
|DATE:||June 21, 2000|
|SUBJECT:||Expenditure Sub-object Codes for distinguishing between taxable and non-taxable awards|
|EFFECTIVE DATE:||July 1, 2000|
|A & R CONTACT:|
|SUMMARY:||Establishment of Additional Expenditure Sub-object Codes for Items Not Reportable to the IRS and Change Descriptions for 2950 and 2980 to be Reportable to the IRS.|
In order to streamline the work effort involved with issuing 1099s two new expenditure sub-objects are being established effective July 1, 2000 to distinguish between taxable and non-taxable awards. In conjunction with this, the descriptions for the following Contractual Services" are being changed as follows:
|2950||Non-Employee Awards, Rewards, Premiums and Bounties - IRS Reportable|
|2980||Employee Awards (Non-Cash) - IRS Reportable|
The additional expenditure sub-object codes are being established under the category of "Other Contractual Services" as follows:
|2954||Non-Employee Awards, Rewards, Premiums and Bounties - Not IRS Reportable|
|2984||Employee Awards (Non-Cash) - Not IRS Reportable|
These new expenditure sub-objects are to be used to code purchases for plaques, trophies, pins, mugs and other similar items under $20.
These revisions will be reflected in the Uniform Expenditure Classification of Expenditure Sub-object Codes filing (PPM No 7,002) on the Division of Accounts and Reports web site http://www.da.ks.gov/ar/ppm/ppm01001.htm.