CURRENT LIABILITIES - 7630-JUN-2005

ACCOUNT NO. 3000, Accounts Payable

A summary account of accounts payable used for financial reporting purposes (Accounts 3010 through 3050).

ACCOUNT NO. 3010, Accounts Payable

Shows the amount due to private persons or organizations for all outstanding obligations (for goods and services received) for which claims have not been filed with the State Controller's Office. It also shows amounts retained on progress payments for any contractual agreement requiring retention amounts.

Amounts payable to other funds/appropriations or other governments are included in Due to Other Funds (Accounts 3110 through 3120) or Due to Other Governments (Accounts 3210 through 3290).

ACCOUNT NO. 3020, Claims Filed

Shows claims that have been filed with the State Controller's Office. The balance of this account is increased when claims are filed and is reduced when Notices of Claims Paid, Form CD-102, are issued by the State Controller's Office.

ACCOUNT NO. 3021, Claims-in-Process

Shows pending claims which have not been filed as claim schedules. This account is to be used by CALSTARS agencies and is further described in CALSTARS Procedures Manual.

ACCOUNT NO. 3030, Compensation Benefits Payable

Shows compensation benefits payable.

ACCOUNT NO. 3040, Notes Payable

Shows the current portion of long-term notes payable. The noncurrent portion of long-term notes is shown in Account No. 4300, Notes Payable.

ACCOUNT NO. 3050, Bonds Payable

Shows the current portion of long-term bonds payable. The noncurrent portion of long-term bonds is shown in Account No. 4400, Bonds Payable.

ACCOUNT NO. 3100, Due to Other Funds or Appropriations

A summary account of payables due to and prepayments from other funds or appropriations used for financial reporting purposes (Accounts 3110 through 3120).

ACCOUNT NO. 3110, Due to Other Funds or Appropriations
This is a summary account for amounts due to other funds or appropriations (Account 3114, Due to Other Funds and Account 3115, Due to Other Appropriations).  It is used for financial reporting purposes.  Amounts recorded in these accounts are payables for:

1. All outstanding obligations to other funds or appropriations for goods and services received,
2. The liability of payer funds for transactions between funds or appropriations, and
3. The current payable portion of long-term loans.

Agencies will keep a separate subsidiary account which shows the amount due to each fund. The fund will be identified by name in the subsidiary account title. The number of each such subsidiary account will be within the 3110 series plus a suffix consisting of a decimal point and the Uniform Codes Manual (UCM) code number of the fund. (For example: 3110.001 Due to General Fund, 3114.0001, Due to General Fund, 3115.0001, Due to General Fund.)

At year-end it includes accruals of amounts due in addition to those recorded during the year. The noncurrent portion of loans is shown in Account Nos. 4000 through 4050, Advances and Loans Payable.
ACCOUNT NO. 3120, Prepayments from Other Funds or Appropriations Shows prepayments from other funds or appropriations for services requested.
Agencies will keep a separate subsidiary account of the advances from other funds or appropriations. The fund will be identified by name in the subsidiary account title. The number of each such subsidiary account will be 3120 plus a suffix consisting of a decimal point and the UCM code number of the fund. (For example: 3120.0001, Prepayments From General Fund.)
ACCOUNT NO. 3130, State Income Tax Withheld Shows amounts withheld for state income tax.
ACCOUNT NO. 3200, Due to Other Governments
A summary account of intergovernmental payables used for financial reporting purposes (Accounts 3210 through 3290).

ACCOUNT NO. 3210, Due to Federal Government
Shows the amount due to the federal government as reimbursements for goods and services provided and other current obligations.

ACCOUNT NO. 3215, Federal Income Tax Withheld Show amounts withheld for federal income tax.
ACCOUNT NO. 3220, Due to Local Government
Shows the amount due to local governments as reimbursements for goods and services provided and other current obligations.
ACCOUNT NO. 3230, Liability for Local Sales Tax Collections
Shows the liability to local governments for sales tax collections made by the State Board of Equalization.
ACCOUNT NO. 3290, Due to Other Governmental Entities
Shows the amount due to other governmental entities under various legal and contractual provisions.
ACCOUNT NO. 3300, Accrued Interest and Dividends Payable
A summary account of accrued interest and dividends payable used for financial reporting purposes (Accounts 3310 through 3320).
ACCOUNT NO. 3310, Accrued Interest Payable
Shows the interest accrued to date on outstanding bonds or similar obligations of the state.

ACCOUNT NO. 3320, Dividends Payable
Shows dividends declared by agencies which represent a refund to insurance policy holders.
ACCOUNT NO. 3400, Advance Collections
A summary account of advance collections used for financial reporting purposes (Accounts 3410 through 3430).
ACCOUNT NO. 3410, Revenue Collected in Advance Shows revenue collected but not yet earned.
ACCOUNT NO. 3420, Reimbursements Collected in Advance Shows reimbursements collected but not yet earned.
ACCOUNT NO. 3430, Operating Revenue Collected in Advance Shows operating revenue collected but not yet earned.