Statutes, codes, and regulations
Code of Massachusetts Regulations
Department 220 CMR - DEPARTMENT OF PUBLIC UTILITIESTitle 220 CMR 52.00 - Uniform System Of Accounts For Water Companies ContentsPROFIT AND LOSSSCHEDULE OF PROFIT AND LOSS ACCOUNTS
Debits
Section 52.413 - Surplus Applied to Sinking Fund and Other Reserves

220 CMR, 52.413

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Current through Register 1538, January 3, 2025
Section 52.413 - Surplus Applied to Sinking Fund and Other Reserves

This account shall include appropriations of surplus for sinking fund and other reserves; also allotments of surplus or payments of definite amounts from surplus into sinking fund and other reserves under terms of mortgages, deeds of trust, or other contracts that provide for such payments, and accretions to such funds representing interest or other returns on the assets carried therein.

220 CMR, 52.413

The amounts charged to this account shall be concurrently credited to balance sheet account No. 321, "Sinking Fund Reserves," or account No. 322, "Miscellaneous Fund Reserves."