Debt/Investment Expense (288XX)

Owned by Chad
Last updated: Jun 03, 2021

[1] Services and Supplies -- Debt/Investment Expense

28801 Purchase of Investment
The recorded cost of an investment, which includes the purchase price, fees, taxes and other charges related to the purchase. The fair market value is recorded for an investment acquired in exchange for assets or services.
This account code excludes payment for accrued interest at the time of purchase, which is an interest expense and must be deducted from subsequent interest collections to measure effective earnings (see account code 28810 (Interest Expense)).

28804 SELP Principal Payment
Expenditures for payment of principal amounts on repayment of Oregon Department of Energy (ODE) Small Energy Loan Program (SELP) loans.

28805 Internal Bank Loan Principal Paymnt
Expenditures for payment of principal amounts on repayment of internal bank loans.

28809 Loss on Investments
Actual loss on an investment that is recoded when the investment is sold. Equals the difference between the current Fair Market Value and the actual sale price.

28810 Interest Expense - Misc
Expenditures for interest charges not otherwise classified (i.e. Treasury cash accounts).

28813 Interest Expense - SELP
Expenditures for interest charges on Oregon Department of Energy (ODE) Small Energy Loan Program (SELP) loans.

28814 Interest Exp - Internal Bank Loans
Interest Exp - Internal Bank Loans

28820 Investment Premium Amortization
The portion of an investment premium that is periodically applied (credited) to the investment in order for the investment to be reduced to face value at maturity.

28840 Investment Administrative Expense
To record investment administrative expense charged by a manager of specific investments in the endowment funds. This account code does not include general administrative fees associated with all investments, such as management consulting or legal fees originating from the State Treasurer's Office. For financial reporting purposes, investment administrative fees are reported as a reduction of investment income.