Words similar to custodial
Example sentences for: custodial
How can you use “custodial” in a sentence? Here are some example sentences to help you improve your vocabulary:
The collecting entity accounts for the disposition of revenue as part of its custodial activity.
employee contributions, if any, and the employer entity contributions (593) Customs Service fees (576) Deposit fund transactions (600) Deposits by states for unemployment trust fund (575) Deposits of earnings, Federal Reserve System (577) Disposition of revenue to other entities: custodial transfers (596) Diversion fees, Department of Justice (583) Donation of property, plant, and equipment: types that are expensed (598) Donations: except types of property, plant, and equipment that are expensed (577) Downward subsidy reestimates for post-1991 direct loans and loan guarantees (598) Employer entity contributions to health benefit plans for current coverage of Federal employees (590) Employer entity contributions to pension and other retirement benefit plans for Federal employees (589) Employer entity contributions to social insurance programs (588) Employer entity payments for unemployment benefits and workers compensation (590) Federal employee contributions to health benefits plan for current coverage of Federal employees (584) Federal employee contributions to pension and other retirement benefit plans (583) Fees on post-1991 direct loans and loan guarantees (598) Fines and penalties (578) Forfeitures (578) Individual income taxes, corporation income taxes, social insurance taxes and contributions, excise
If the collecting entity transfers the nonexchange revenue to the General Fund or another entity, the amount is accounted for as a custodial activity by the collecting entity.
These custodial transfers, by definition, do not affect the collecting entity's net cost of operations or operating results, nor are they part of the reconciliation between its obligations and net cost of operations.
They are therefore accounted for as a custodial activity of the collecting entity and recognized as a nonexchange revenue in the Government-wide consolidated financial statements.
Loading...