How to Transfer Funds (Depreciation) to a Renewal and Replacement Reserve Fund


Overview


This article will focus on when and how campus will record Equipment Renewal and Replacement Reserves for Recharge Operations for Recharge Activities only

Critical Concepts


Steps to Take


Determine the depreciation amount using the depreciation schedule (use the depreciation sheet from the rate proposal as the template and include any adjustments that are applicable)

In the RMP Recharge Application or API that is used for rechargeing, use PPM Expenditure Type 774010 - To/From Renew/Replace Equipment Reserves to transfer between Recharge Operating Fund (Fund 12100) to Recharge Equip R and R Fund (Fund 17000) Equipment Renewal and Replacement Reserve

Account 774010 To/From Reserves needs to be used to process the Debit and the Credit of the transfer to have a net impact on the Account as zero

For Operations that are transacting on the RMP Recharge Application:

  1. Use the RMP Import Template Equipment Depreciation Template
  2. Follow the guidelines in How to Process Transactions in the RMP Recharge Application with attention to step 9 and 10

If your API can not be configured to process the above transaction, submit a request to get access to the RMP Recharge Application to process Equipment Renewal and Replacement Reserves.

If you still have questions or need additional assistance, please submit a ticket