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The Plant Fund group accounts for new construction, repair and
rehabilitation of existing facilities, retirement of indebtedness,
and the assets and liabilities of the College. The Plant Funds
are divided into the following sub-groups:
- Unexpended Plant Fund
This fund is used to account for the construction of new facilities.
- Renewals and Replacements
This fund is used to account for repair and rehabilitation
of existing facilities.
- Retirement of Indebtedness
This fund is used to record the payment of both short-term
and long-term debt obligations resulting from the financing
for the construction of facilities or the acquisitions of
major equipment.
- Investment In Plant
The Investment-In-Plant is a self-balancing group of accounts
and not a fund. The Investment-In-Plant group of accounts
is used to record fixed assets and long-term liabilities of
the College.
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