surgical supplies, fees and expenses of coroners and undertakers; and contributions to hospitals. This account shall include amounts paid in settlement of claims of employees for injuries arising in their employment; also wages paid to disabled employees while off duty. A 783.4 Other Personal Injuries and Property Damage. This account shall include amounts paid in settlement of claims of persons other than employees for personal injuries sustained in connection with the operation of the plant and amounts paid in settlement of claims for damage to property not owned by the accounting company. A 783.5 Miscellaneous Accident Expenses. This account shall include all expenses in connection with accidents and damages not provided for in the foregoing accounts. NOTE. If it so desires, the accounting company may charge each month to Injuries and Damages (or to the appropriate sub-accounts) and credit to account No. 252, Casualty and Insurance Reserve," a proportion of the total amount estimated to be necessary to expend during the year for injury and damage claims, and the actual disbursements above designated shall then be charged against said reserve account. The charges to this account shall be adjusted at the close of the fiscal year to actual expenses unless a balance emains representing liability for unsettled claims. DCBA784 Regulatory Commission Expenses. This account shall include the expenses incurred by the accounting company in its transactions with governmental regulative commissions. This covers fees and retainers and expenses of counsel, solicitors, attorneys, clerks, attendants, witnesses, and others whose services are secured especially for the defense or prosecution of those petitions presented to a regulatory commission that affect the accounting company, the pay, traveling, and other expenses of those specially employed or assigned to ascertain the value of property owned or used by the accounting company; the cost of stationery and printing and engineering supplies consumed; and other necessary expenses of a similar character. This account does not include expenses for improvement of service, for additional inspection, etc., which are made necessary by the rules, regulations, or orders of a regulatory commission. Such expenses should be charged to the appropriate specific operating expense account. NOTE.- Expenses incident to the sale or issue of securities should not be charged to this account but to the appropriate discount account. (See Balance Sheet Accounts - General Instructions and Definitions," Section 12. page 8.) DCB 785 Relief and Welfare Work. A 785.1 Employees' Welfare Department. This account shall include all salaries and expenses incurred in conducting accident prevention, relief, and welfare departments; also contributions made to such departments. This account shall include all pensions paid to retired employees and all expenses in connection therewith. This account shall include the value at the normal selling price. of all current and materials and supplies furnished municipal corporations in compliance with franchise requirements and for which no payment is received by the accounting company; also all direct expenses incurred in compliance with such requirements for which no reimbursement is received by the accounting company. Amounts charged to this account for which there is no direct money outlay shall be credited to account No. 790, "Duplicate Miscellaneous Charges Cr." DCBA 787 Amortization of Franchises. This account shall include for each accounting period the amount charged to distribute the cost of limited franchises equitably over their lives. Amounts charged to this account shall be concurrently credited to fixed capital account No. 302, Franchises." D C B A 788 Electric Expenses Transferred — Cr. This account shall include such part of the operating costs (other than production expenses, for which see Production Account No. 715, "Production Expenses Transferred - Cr.") borne in the first instance by the accounting company's electric department as are properly chargeable to another coordinate. department, such as an electric railway or gas department. This is not intended to prohibit the apportioning of primary accounts between departments, and so far as practicable departmental costs should be determined in that way. There may, however, be cases where it is desirable to assign to other operations a flat percentage of total electric operating expenses or of some group of electric operating expenses or some similar arbitrary amount, and in such cases the credit should be made to this account. When any plant or equipment is maintained or operated by the accounting company for the joint benefit of itself and others under an arrangement for apportioning the operating expenses, the portion of such expenses chargeable to others under the arrangement may be credited to this account if it is based on a percentage of the total operating expenses or a percentage of the total of some group of primary operating expense accounts or determined in some similar fashion. So far as practicable, joint operating costs should be apportioned by primary accounts and that part of such cost borne in the first instance by the accounting company, but chargeable to the other party or parties to the joint agreement, should be credited directly to the primary accounts involved. DCBA 790 Duplicate Miscellaneous Charges - Cr. This account shall include the concurrent credits for all charges which may be made to any operating expense account, except as provided for in account No. 714, "Duplicate Production Charges Cr.," in respect of the consumption of electric energy produced or purchased primarily for resale by the accounting company; also all similar charges in respect of any services rendered for which there is no direct money outlay. This covers such items as current supplied to a municipality without charge in accordance with franchise requirements; current furnished to employees in lieu of wages; housing of employees as part compensation for their services, etc. This account is optional to the extent that charges of the sort described, not involving any direct money outlay, are not required to be made. If the accounting company desires to make such charges, however, the concurrent credit must be to this account. |