6,000 REVENUE ACCOUNT CLASSIFICATION
Posted on October 21, 2021 at 12:49 PM by Kansas Department of Administration
SUBJECT
Uniform Revenue Classification Accounts
PURPOSE
To identify and define the receipt classifications prescribed by the Director of Accounts and Reports for use in the state’s accounting system.
AUTHORITATIVE REFERENCES
K.S.A. 75-3728
GENERAL INFORMATION
Introduction
K.S.A. 75-3728 makes the Director of Accounts and Reports responsible for formulating a central accounting system and maintaining central accounting records. This statute requires state agencies to maintain uniform classifications of accounts and reports as prescribed by the Director. This statute further requires the Director to design, revise, and direct the use of accounting records and fiscal procedures and pres
cribe uniform classifications for receipts and expenditures for all state agencies.
Each receipt is classified in the accounting system at a primary, intermediate, and detail level through the use of account codes. These classifications facilitate the various levels of reporting detail required for budgetary, financial, management, or other reports.
Six primary receipt classifications are prescribed. The first five are for receipts that are classified as revenue to the agency and the sixth is for non-revenue receipts. Intermediate classifications are assigned within each primary classification. Within each intermediate classification are the detail classifications used to code accounting transactions.
The primary six agency receipt classifications are:
4100 Taxes: Compulsory contributions imposed by the state for the purpose
of financing services for the common public benefit.
of financing services for the common public benefit.
4200 Agency Earnings: Amounts collected for merchandise sold, for services
performed, for granting the privilege of engaging in a business or occupation, or
for purposes of regulation.
performed, for granting the privilege of engaging in a business or occupation, or
for purposes of regulation.
4300 Revenue from the Use of Money and Property Amounts received as
compensation for the use of state owned money and property.
compensation for the use of state owned money and property.
4400 Gifts, Donations, and Federal Grants: Gifts, donations, grants, and contributions
received from private and public sources to aid in the support of a specific
function of government or other governmental activity.
4500 Other Revenue: Revenue receipts not classified elsewhere.
4600 Non-Revenue Receipts: All sources of receipts that do not constitute revenue.
There are no comments yet.
