Gas Pipeline Uniform Accounting Regulations

47 Where a company prepares a budget for its maintenance expenses for a fiscal year, the following procedure may be followed:

• (a) the actual monthly expenses shall be debited to the appropriate maintenance accounts;

• (b) the excess of an actual expense over a budgeted monthly expense shall be debited to account 275 (Gas Cost and Maintenance Equalization) and credited to the appropriate expense account;

• (c) the excess of a budgeted expense over an actual monthly expense shall be debited to the appropriate expense account and credited to account 275 (Gas Cost and Maintenance Equalization); and

• (d) at the end of the fiscal year, the balance in account 275 (Gas Cost and Maintenance Equalization) shall be transferred to the appropriate expense account.