Deferred Credits (COA)

Deferred Credits

This account group consists of credits that are deferred to a future period to ensure proper matching of revenues and expenditures.

Deferred Revenue

This account subgroup records revenues realized prior to meeting the revenue recognition criteria and revenues earned but not available during the current reporting period.

• 218110 Revenues Collected in Advance (Unearned Revenue)-This account may be used by either proprietary funds or governmental funds.
• 218111 Unearned Insurance Premiums
• 218120 Deferred Revenue - Unavailable Current Period-This account is for use only by governmental funds and is not valid for proprietary funds. Proprietary funds should use either 218110 or 218111 as appropriate.

Other Deferred Credits

This account subgroup consists of deferred credits to a future period to ensure proper matching of revenues and expenditures.

• 218200 Other Deferred Credits