MI Department of Treasury Uniform Chart of Accounts
Description of Capital Outlay Activities

Capital Outlay

900-Capital Outlay Function (Control Activity Number)

This Function Number is usually only found in Capital Project Funds and some Special Revenue Funds. It will also be found in the General Fund if the governing body wishes to account and budget for capital outlay separately. It reflects the capital outlay expenditures of the unit. The balance of 900 should at all times equal the total balance of Activity Number 901 through 904.

901 through 904-Capital Outlay Detail

Activity Number's 901, 902, 903, 904

The local unit may assign these Activity Numbers for greater detail as needed. A local unit may point off these activities for management decisions purposes.

905–Debt Service Function (Control Activities Number)

This Function Number is found in the General Fund or in some Special Revenue Funds, and Debt Service Funds of local units of government. Its use is mandatory by any unit having general obligation debt, whether long-term or short-term, whether bonded debt or otherwise. It reflects such payments as debt principal, interest on debt, paying agent fees, bond coupon fees, etc. For individual accounting, the unit may assign numbers as desired.  The balance of 930 should at all times equal the total balance of Activity Number 906 through 929.