00-a-023 - Expenditure Sub-object Codes for distinguishing between taxable and non-taxable awards (June 21, 2000)
| INFORMATIONAL CIRCULAR NO. 00-A-023 |
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| DATE: | June 21, 2000 | ||
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| SUBJECT: | Expenditure Sub-object Codes for distinguishing between taxable and non-taxable awards | ||
| EFFECTIVE DATE: | July 1, 2000 | ||
| A & R CONTACT: | Mike Lovich |
(785) 296-2131 |
(mike.lovich@da.state.ks.us) |
| APPROVAL: |  |
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| 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.
DB:pk
