|STATE OF CONNECTICUT|
THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775
MEMORANDUM NO. 96-36
July 15, 1996
TO THE HEADS OF ALL STATE AGENCIES
|Attention:||Fiscal Officers, Business Managers, and Accounts|
|Subject:||Reportable Expenditure Type by Object Code|
The Office of the State Comptroller has developed a reportability determination grid to simplify the classification of payments as reportable or non-reportable on Invoice Voucher Form CO-17.
This is required to comply with the Internal Revenue Service regulations for accurate reporting of 1099 Miscellaneous Income paid for services rendered to State agencies.
Listed below is a sample of some commonly used object codes and the reportability type as they relate to each business entity:
|02010 - Advertising||Y||Y||N|
|02220 - Sundry
|02230 - Fees
|02240 - Fees for
non - Professional
|02280 - Medical
*All medical services regardless of business entity must be charged to OBJECT CODE 02380-REPORTABLE TYPE "Y"(YES).
Agencies utilizing their own computer systems (i.e. Department of Transportation, Judicial, etc.) should establish edits within the expenditure database to prevent incorrect reportable types from posting against any reportable object code.
If you have any questions regarding the use of object codes and/or reportability please contact the Comptroller's Accounts Payable Special Processing section at 566-3829.
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