Notice of special local government bonds accounting problems

Notice of special local government bonds accounting problems

Treasury [2015] No. 91
Provinces, autonomous regions, municipalities, separately listed cities (bureaus):
In order to meet the local government budget management needs special bonds, special government bonds regulate local accounting, according to the "State Council on strengthening local government debt management" (Guo Fa [2014] No. 43), "the Ministry of Finance on the issuance of <2015 place special government bonds budget management approach "notice" (FB [2015] No. 32), as well as general budget accounting provisions related to the management system, now accounting on local government bonds accounting special notice of the matter as follows:
First, the accounting treatment of special bonds
(A) when actually received by the provincial finance departments of local government bond issuance of special revenue.
By: treasury deposits
Credit: debt income - Local government debt income - special debt income - income debt funds **
Second, the accounting treatment of the special bond lending
(A) where the financial sector to local governments of special bonds to lower lending revenue when the financial sector.
By: Debt-lending expenditures - Local government debt lending special expenses - debt-lending fund expenditure **
Credit: treasury deposits
(B) the following provincial finance departments of local governments actually receive special bond lending income.
By: treasury deposits
Credit: Debt-lending revenue - Local Government Debt special lending income - ** Debt Fund lending income
Third, the special bond revenue arrangements expenditure accounting treatment
(A) where the financial sector at all levels of special revenue bonds or special lending revenue bonds arranged for project expenditures at the level of government.
By: Fund budget expenditure - Expenditure ** Special Fund and the corresponding debt income arrangements
Credit: treasury deposits
Fourth, the special bond principal accounting treatment
(A) the local financial departments at all levels to repay this level of local governments bear a special bond when the principal.
By: Debt principal expenditure - Local government debt principal expenditure - Expenditure special debt principal - debt principal fund expenditure **
Credit: treasury deposits
(Ii) the higher the financial sector when the collection of principal local government special bond funds.
By: treasury deposits
Credit: Temporarily deposit - ** ** Local government debt principal fund expenditure
Collecting repayment of debt principal local government special funds
By: temporary deposit - ** ** Local government debt principal fund expenditure
Credit: treasury deposits
(Iii) the higher the financial sector advance when the principal local government special bond funds.
By: Temporarily payment - ** ** Local government debt principal fund expenditure
Credit: treasury deposits
When the advance of local government funds received special subordinate bond principal payment to the financial sector
By: treasury deposits
Credit: Temporarily payment - ** ** Local government debt principal fund expenditure
(Iv) the local financial departments at all levels to compensate for revenue shortfalls ** Fund transferred funds from the public welfare projects unit when reimbursement for the special bond principal.
By: treasury deposits
Credit: transferred funds - government funds transferred funds - transferred to special income - funds transferred to special income **
Fifth, special accounting treatment of bond interest
(A) the local financial departments at all levels to repay this level of commitment of local government special funds when bond interest.
By: fund budget expenditures - Debt interest expenditures - Local government debt service expenditures - special debt interest expenses - interest expenses ** Debt Fund
Credit: treasury deposits
(Ii) the higher the financial sector when the collection of local government special bond interest funds.
By: treasury deposits
Credit: Temporarily deposit - ** ** Local Government Fund debt service expenditures
Repayment special collection of local government bond interest funds
By: temporary deposit - ** ** Local Government Fund debt service expenditures
Credit: treasury deposits
(Iii) the higher the financial sector to advance local government bonds when the special interest funding.
By: Temporarily payment - ** ** Local Government Fund debt service expenditures
Credit: treasury deposits
When you receive lower pay the financial sector to advance local government special bond interest funds
By: treasury deposits
Credit: Temporarily payment - ** ** Local Government Fund debt service expenditures
Six special bond issuance costs associated with the accounting treatment of
(A) the local financial departments at all levels to pay the same level of commitment of local government bond issuance costs associated with the special time.
By: fund budget expenditures - Debt issuance expenses - local government debt issuance expenses - special debt issuance expenses - Fund ** Debt issuance expenses
Credit: treasury deposits
(Ii) the higher the financial sector a special collection of local government bond issuance costs associated with the time.
By: treasury deposits
Credit: Temporarily deposit - ** ** Local Government Fund debt issuance costs
When payments collected on behalf of local government bond issuance costs associated with the special
By: temporary deposit - ** ** Local Government Fund debt issuance costs
Credit: treasury deposits
(Iii) the higher the financial sector to advance local government bond issuance costs associated with the special time.
By: Temporarily payment - ** ** Local Government Fund debt issuance costs
Credit: treasury deposits
When you receive lower pay the financial sector to advance local government bond issuance costs associated with the special
By: treasury deposits
Credit: Temporarily payment - ** ** Local Government Fund debt issuance costs
Seven, by year-end closing rate of withholding special accounting treatment STRIPS
(A) The following provincial finance department fails to be turned over to the local government special bond principal, by withholding at year-end closing.
By: Temporarily payment - ** ** Local government debt principal fund expenditure
Credit: dealings with superiors
When expenses are reported on the level of financial sector should bear the principal expenditure
By: Debt principal expenditure - Local government debt principal expenditure - Expenditure special debt principal - debt principal fund expenditure **
Credit: Temporarily payment - ** ** Local government debt principal fund expenditure
The higher the financial sector at year-end closing withholding
By: dealings with subordinates
Credit: Temporarily deposit / payment temporarily - ** ** Local government debt principal fund expenditure
(Ii) Provincial Fiscal sector fails to be turned over to the local government special interest on bonds, interest withheld by year-end closing time.
By: Temporarily payment - ** ** Local Government Fund debt service expenditures
Credit: dealings with superiors
When expenses are reported on the level of financial sector should bear interest expenditure
By: fund budget expenditures - Debt interest expenditures - Local government debt service expenditures - special debt interest expenses - interest expenses ** Debt Fund
Credit: Temporarily payment - ** ** Local Government Fund debt service expenditures
The higher the financial sector at year-end closing withholding
By: dealings with subordinates
Credit: Temporarily deposit / payment temporarily - ** ** Local Government Fund debt service expenditures
(C) the following provincial finance department fails to be turned over to a special local government bond issuance costs associated with the settlement by the end of the year when withholding.
By: Temporarily payment - ** ** Local Government Fund debt issuance costs
Credit: dealings with superiors
When expenses are reported on the level of financial sector should bear the expenses related to the issuance
By: fund budget expenditures - Debt issuance expenses - local government debt issuance expenses - special debt issuance expenses - Fund ** Debt issuance expenses
Credit: Temporarily payment - ** Local government debt issuance costs
The higher the financial sector at year-end closing withholding
By: dealings with subordinates
Credit: Temporarily deposit / payment temporarily - ** ** Local Government Fund debt issuance costs
(D) below the provincial finance department fails to be turned over to the local government special bond debt service funds, while withholding penalty by year-end closing.
By: Expenditure on Solutions - Fund **
Credit: dealings with superiors
The higher the financial sector accounting treatment as follows:
By: dealings with subordinates
Solutions in income - ** Fund: Loan
Eight year-end accounting treatment of transfers
(A) at year-end income class subjects and special bond related transfers.
By: Debt Income - Local government debt income - special debt income - income debt funds **
Debt-lending revenue - Local Government Debt special lending income - ** Debt Fund lending income
Transferred funds - government funds transferred funds - transferred to special income - funds transferred to special income **
Solutions on revenue - ** Fund
Credit: the Fund's budget surplus - ** fund balances
(Ii) with the special bond-related expenditure class subjects transfers at year-end.
By: fund budget balances - ** fund balances
Credit: Debt principal expenditure - Local government debt principal expenditure - Expenditure special debt principal - debt principal fund expenditure **
Debt-lending expenditures - Local government debt lending special expenses - debt-lending fund expenditure **
Fund budget expenditure - Expenditure ** Special Fund and the corresponding debt income arrangements
Fund expenditure budget - debt service expenditures - Local government debt service expenditures - special debt interest expenses - interest expenses ** Debt Fund
Fund budget expenditures - Debt issuance expenses - local government debt issuance expenses - special debt issuance expenses - Fund ** Debt issuance expenses
Expenditure on the solution of - ** Fund
Other matters
Local financial departments at all levels should be set to the corresponding auxiliary accounts, detailed records of issuance, the amount of local government bonds received special and lending, the type, duration, issue date, maturity date, coupon rate, repayment and interest and so on.
This notice from the date of issuance.
Ministry of finance
April 20, 2015