CONTENTS Order Prescribing Uniform System of Accounts. Balance Sheet Accounts... General Instructions and Definitions.. Fixed Capital Accounts (List) General Instructions and Definitions. Income Accounts (List)... General Instructions and Definitions. Profit and Loss Accounts (List) General Instructions and Definitions.. Text Pertaining to Profit and Loss Accounts Operating Revenue Accounts (List)... General Instructions and Definitions.. Text Pertaining to Operating Revenue Accounts Operating Expense Accounts (List) General Instructions and Definitions. Text Pertaining to Operating Expense Accounts. PAGE 1 4 6 10 28 29 35 47 49 52 59 60 61 63 64 66 69 72 76 NOTE.- The original page numbering of the pamphlet containing the text of the Uniform System of Accounts for Gas Corporations is indicated at the bottom of each page herein and page references throughout this text are to such numbers. STATE OF NEW YORK PUBLIC SERVICE COMMISSION At a Session of the Public Service Commission, held in the Present: WILLIAM A. PRENDERGAST, Chairman, WILLIAM R. POOLEY, CHARLES VAN VOORHIS, OLIVER C. SEMPLE (In the Negative), CASE No. 746 In the Matter of Establishing a Uniform System of Accounts for Gas Corporations. Commissioners. The Commission having had under consideration the advisability of revising the Classification of Accounts for Gas Corporations now in effect in the State of New York, and having caused careful study to be given to the entire subject, and having held a public hearing in said matter at the office of the Commission at Albany, N. Y., on October 31, 1923, and having determined that the Uniform Classification of Accounts for Gas Corporations, a copy of which is now before the Commission, embraces a system of accounts suitable for the use of gas corporations in this State and that the adoption and use thereof, in lieu of the system of accounts now in effect, should be required of all gas corporations in this State having average operating revenues of more than $10,000 per year, IT IS ORDERED: 1. That the Uniform System of Accounts for Gas Corporations, with the text thereto, prepared under the direction of this Commission, a copy of which is before the Commission, be and the same is hereby approved. 2. That the said Uniform System of Accounts for Gas Corporations be and hereby is prescribed for the use of all gas corporations (as that term is defined in the Public Service Commission Law) subject to the supervision of this Commission and having average operating revenues of more than $10,000 per year, and that every such gas corporation be required, and it is hereby required, on and after July 1, 1924, to keep its records and accounts in conformity therewith; provided, however, that any such gas corporation may, at its option, keep its records and accounts in conformity with this order and said Uniform System of Accounts from and after the first day of any month prior to said July 1, 1924. Every gas corporation for which this Uniform System of Accounts is prescribed shall, within thirty days after it has commenced to keep its records and accounts in accordance with this order and said Uniform System of Accounts, notify the Commission of the date of such commencement. 3. That during the twelve months following the date on which said Uniform System of Accounts becomes effective, any gas. corporation may, for purposes of comparison, keep on its books, in addition to the accounts hereby prescribed, such portion or portions of its present accounts as may be deemed desirable by any such corporation. 4. That for purposes of efficiency of administration and operation any corporation may, unless or until otherwise ordered, keep on its books any temporary or experimental accounts, and any accounts covering particular divisions of its operations, provided that such temporary, experimental, or divisional account shall not impair the integrity of any account hereby prescribed. 5. That so far as any gas corporation has not classified according to the accounts previously prescribed by the Public Service Commission for such corporations its investment in fixed capital made prior to the effective date of this classification, it shall retain upon its books the existing fixed capital accounts until such time as those accounts can be re-classified according to the new prescribed system; provided that when such re-classification is undertaken by the accounting company, it shall submit said re-classification to the Commission for its approval and shall not allocate such distribution of fixed capital upon its books until the approval of the Commission has been obtained. 6. That so far as the fixed capital accounts of a gas corporation have been classified according to the system previously prescribed by this Commission, and such distribution has been approved by the Commission, such corporation shall at once proceed to re-distribute to such extent as may be necessary the balances in its fixed capital accounts so that they shall conform to the classification herein prescribed. Summary statements of the journal entries necessary for such re-distribution shall be filed with the Commission within six months from the date on which said Uniform System of Accounts becomes effective. |