Code of Massachusetts Regulations
220 CMR - DEPARTMENT OF PUBLIC UTILITIES
Title 220 CMR 52.00 - Uniform System Of Accounts For Water Companies Contents

Order of the Department

General Instructions

Schedule of Balance Sheet Accounts

Text Pertaining to Balance Sheet Accounts

Schedule of Plant Investment and General Equipment Accounts

Text Pertaining to Plant Investment and General Equipment Accounts

Schedule of Income Accounts

Text Pertaining to Income Accounts

Schedule of Profit and Loss Accounts

Text Pertaining to Profit and Loss Accounts

Schedule of Operating Revenue Accounts

Text Pertaining to Operating Revenue Accounts

Instructions Pertaining to Operating Expense Accounts

Schedule of Operating Expense Accounts

Text Pertaining to Operating Expense Accounts

DEPARTMENT OF PUBLIC UTILITIES

July 12, 1923.

To the Officers of the Water Companies of the Commonwealth of Massachusetts.

In the matter of the books, accounts and re turns to be made and kept by the water companies of this Commonwealth, and pursuant to the provisions of M.G.L. 164, § 81 and also M.G.L. c. 165, § 2. it is -

ORDERED, That on and after July 1, 1923, the books, accounts and returns of the water companies shall be made and kept in the form prescribed in the Classification of accounts prepared by the Department and adopted by the Commission July 11, 1923.

By Order of the Commission,

ANDREW A. HIGHLANDS,

Secretary.

UNIFORM CLASSIFICATION OF ACCOUNTS FOR WATER COMPANIES

GENERAL INSTRUCTIONS

Water companies shall, on and after July 1, 1923, keep their books and accounts in accordance with the definitions and instructions herein set forth. The prescribed accounts shall show fully all necessary facts pertaining to the entries made therein, with identifying references to the records, contracts, payrolls or other original books or memoranda upon which the same are founded. All books of account, payrolls, records, contracts, vouchers and original books and memoranda relating to the financial affairs of the company must be so filed as to be readily accessible for examination by representatives of the Department.

All the accounts (other than purely statistical accounts) defined in this classification must be kept by the double entry method.

All companies must keep a Balance Sheet, Plant Investment, Income, Operating Revenue, Operating Expense and Profit and Loss accounts as provided in this system of accounts (so far as applicable to the business).

In the case of each company there may be found certain accounts in the classification not necessary in recording its operations or applicable to its business, and these it will not be required to keep.

In the event that the text of the classification is not self-explanatory, the accounting officers of the water companies are requested to submit all questions of doubtful interpretation to the Department for consideration and decision.

REGULATORY AUTHORITY

220 CMR 52.00: M.G.L. c. 164, § 81; M.G.L. c. 165, § 2.