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Expenditure Type and Object Code Updates

This page provides a monthly summary of new expenditure types and object codes, and changes to existing expenditure types and object codes completed for the current fiscal year. Refer to the Request New or Change Existing Expenditure Type or Object Codes for further information.

Exp Type Title and Description Added Usage Rules
iBudgets IJ Public IJ Special IJ Central IPO PCard Flag
ET 54377

OVERSEAS TAXES TEMP WORKERS

Overseas Studies Program use only. Taxes paid for temporary workers (non-Stanford employees).

June 2024

 

Object CodeTitle / DescriptionAddedUsage Rules
iBudgetsIJ PublicIJ SpecialIJ Central   
No new object code.         

Object Code Title Description Usage Rules
iBudgets IJ Public IJ Special IJ Central IPO
No new object code parents.

Exp Category Code Title Added
No new expenditure categories.    

Exp Category Code Title Date Added
No new code    

 

Exp Type/ Obj CodeTitleDate ChangedPrevious VersionCurrent Version (changes in bold)
OC 17050LANDAugust 2024Long Description - BlankLong Description - To record capitalized land.
OC 17100LAND IMPROVEMENTSAugust 2024Long Description - BlankLong Description - To record capitalized land improvements.
OC 17150BUILDINGSAugust 2024Long Description - BlankLong Description - To record capitalized buildings and building improvements.
OC 17200LEASEHOLD IMPROVEMENTSAugust 2024Long Description - BlankLong Description - To record improvements to any leased properties.
OC 17250UTILITYAugust 2024Long Description - BlankLong Description - To record capitalized utility projects (i.e., infrastructure projects).
OC 17300SOFTWAREAugust 2024Long Description - BlankLong Description - To record capitalized software when costs for software used internally by Stanford exceed $1 million.
OC 17350EQUIPMENTAugust 2024Long Description - BlankLong Description - To record capitalized equipment, managed by Property Management Office (PMO).
OC 18100

ACCUM DEPR LAND IMPROVEMTS

August 2024Long Description - BlankLong Description - To record accumulated depreciation on land improvements.
OC 18150ACCUM DEPR BUILDINGSAugust 2024Long Description - BlankLong Description - To record accumulated depreciation on buildings and building improvements.
OC 18200

ACCUM DEPR LEASEHOLD IMPROVMTS

August 2024Long Description - BlankLong Description- To record accumulated depreciation on leasehold improvements.
OC 18250

ACCUM DEPR UTILITY

August 2024Long Description - BlankLong Description - To record accumulated depreciation on capitalized utility projects.
OC 18300ACCUM DEPR SOFTWAREAugust 2024Long Description - BlankLong Description - To record accumulated depreciation on capitalized software.
OC 18350ACCUM DEPR EQUIPMENTAugust 2024Long Description - BlankLong Description- To record accumulated depreciation on equipment.
OC 22110 USE TAX - SCC BASICAugust 2024Long Description - BlankLong Description - To record use tax accrued on goods and services purchased for Stanford main campus in Santa Clara county. To record the sales tax on the sale of goods, please use the appropriate object code based on the location: 22140, 22150, 22160.
OC 22140 SALES TAX - SCC BASICAugust 2024Long Description - BlankLong Description - To record sales tax payable for goods sold on Stanford main campus in Santa Clara county.
OC 22150

SALES TAX - SAN MATEO CO BASIC

August 2024Long Description - BlankLong Description - To record sales tax payable for goods sold on our Stanford Redwood City or SLAC locations.
OC 22160SALES TAX - MONTEREY CO BASICAugust 2024Long Description - BlankLong Description - To record sales tax payable for goods sold at Hopkins Marine Station.
OC 22170

SALES TAX - CA OTHER COUNTIES

August 2024Long Description - BlankLong Description - To record sales tax payable for goods sold shipped to other CA cities. If the goods are shipped to any location within San Mateo, Santa Clara or Monterey county, please use the appropriate object code.
ET 51815TAXES BNFTS OVERSEAS ONLYJune 2024Overseas Studies Program use only. Taxes and benefits on regular foreign staff (charged to fringe benefits pool). Overseas Studies Program use only. Taxes and benefits on regular foreign staff (charged to fringe benefits pool). For taxes on temporary workers (non-Stanford employees), use 54377.

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Last Updated: Sep 3, 2024

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