TITLE 83: PUBLIC UTILITIES
CHAPTER I: ILLINOIS COMMERCE COMMISSION SUBCHAPTER e: WATER UTILITIES PART 650 UNIFORM SYSTEM OF ACCOUNTS FOR SEWER UTILITIES SECTION 650.2180 ACCOUNT 218
Section 650.2180 Account 218
a) In Note B of Account 218, "Proprietary Capital (for proprietorships and partnerships only)," delete the words "earned surplus" and replace with "retained earnings."
b) Add as Note C: "Amounts payable to the proprietor as just and reasonable compensation for services performed (that level of compensation which would be paid to an equally qualified non-proprietor employee in the same circumstances) shall not be charge to this account but to appropriate operating expense or other accounts." |