Institutional Accounts

2300-2499 Series: Long-term Liabilities

All liabilities or that portion of which are due more than one year from the date reported on a balance sheet.

2310 - Unearned Revenue-Noncurrent  
Revenue cash receipts not yet earned and to be recognized in accounting periods after the next year.
2325 - Comp Ab - Vacation - Non Cur  
The non current portion of vacation payout owed, but not paid.
2326 - Comp Ab - Sick NonCurrent  
The non current portion of sick leave payout owed, but not paid.
2327 - Early Retirement Pay Long Term  
The long-term portion, which is for periods after one year from the report date, of early retirement benefits owed.
2330 - Net OPEB Oblig LT P&S Fac  
The long-term portion, which is for periods after one year from the report date, of other postemployment benefit obligations.
2331 - Net OPEB Oblig LT Merit  
The long term portion, which is for periods after one year from the report date, of merit post employment obligations.
2350 - Bonds Payable  
Non current portion of outstanding bond oligations owed by the University.
2355 - Unamortized Bond Prem/Discount  
Premium/Discount associated with sale of bonds payable . This premium/discount is amorized over the life of the bonds.
2356 - Debt Refunding Gain  
To record the debt refunding gain calculated based on the formula prescribed by GASB. This amount is reported as a deferred inflow on the Statement of Revenues, Expenses, and Changes in Net Position.
2360 - Notes Payable  
Obligations for which the University has received goods or services, but has signed a written statement of obligation in lieu of paying cash.
2361 - Notes Payable Immic  
Note Payable to the University of Iowa from Iowa Medical Mutual Insurance Company.
2370 - Capital Lease Payable  
Contract obligation for which the University has received the rights to use the property of an owner, but has signed a written statement of obligation in lieu of paying cash.
2380 - Federal Loan Contributions  
Federal contribution to loan programs. Refundable to government upon termination of loan programs
2399 - Other Long Term Liabilities  
Other long-term liabilities not defined to another liability IACT in the range of 2300-2398.

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