Long term payables represent amounts owed by Duke University to
others. Obligations, which are not due for at least one year, are
classified as long term.
Represents the amount of long-term debt as evidenced by promissory notes given to lenders.
252000 Post Retirement Benefits(Valid For: DUHS, Univ)
Represents the liability for insurance certificates issued to retired employees. The University issues an insurance certificate at the time of retirement to eligible staff members hired before December 1, 1974. Upon the staff member's death, the University pays the benefit for this certificate from this account.
252100 457 Plan Obligations(Valid For: External Reporting Only)
Represents the amount of long-term debt as evidenced by bonds issued to lenders.
253001 Bonds Payable: Current Portion(Valid For: DUHS)
253003 Bonds Payable(Valid For: DUHS)
253100 Discount/Premium on Bonds Payable(Valid For: DUHS, Univ)
Represents the change in accounting methodology. Duke University will capitalize and amortize the discounts on Duke University Hospital Systems bond issues.
253102 Discount/Premium on Bonds Payable(Valid For: External Reporting Only)
Adjust all amortization related to Bond Issue Costs and Discounts to a 5-4-4 basis similar to those that were set up for Bond Interest. This is to keep these accounts separate from the accounts that the University uses to post the related amortization expense on a calendar month basis.
253103 Discount/Premium on Bonds Payable(Valid For: DUHS)
253500 Capital Appreciation Bonds (CABS): Accretion/Interest Payable(Valid For: DUHS, Univ)
Represents the 1996C Hospital Bonds, include "Capital Appreciation Bonds" (CABS). The interest expense component of these bonds accrues over time to maturity.
253900 University Control Account: 1985D Bonds(Valid For: Univ)
Represents the transfer of 1985D Bonds to Duke University Hospital Systems from the University.
254000 Commercial Paper Payables(Valid For: DUHS, Univ)
Represents the University's $100 Million CP Program.
254003 Commercial Paper Payables(Valid For: DUHS)
255000 Settlement Amounts for APC Overpayments(Valid For: DUHS)
255660 Personnel Cost Reserve: Duke Raleigh Hospital(Valid For: DUHS)
256000 Internal Loan: Payable(Valid For: Univ)
To record internal loans, approved by Duke, on the general ledger in order to track. This will also be used by the interest on Overdraft program being written for SAP to calculate interest. In order for the SAP programming to work the loans must have a unique G/L account code that will not be used for anything else.
