| ID | Status | Date | Public/Private | Industry | AHACPA Contact |
|---|---|---|---|---|---|
| #6837 | Closed | public | Multifamily | Les Sparks |
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For a HUD regulatory agreement prior to 2011, do you include the next months capital lease payment as a reduction of surplus cash? |
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From Les Sparks: By “Capital lease payment” i suppose you mean for equipment or a vehicle. If so, then the basic rule applies. Payables due within 30 days are includable. However, that rule applies to expenses for the prior year and payable within 30 days. Not for payments that apply to January of the next year. If the lease payable is for the first month of the new year, I would not include it. |
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