MORe Search

Non-Refundable Connection Fees

Reference Number: MTAS-1385
Tennessee Code Annotated
Reviewed Date: May 14, 2020
Print This PagePrint This PageSend by EmailSend by EmailPDF versionPDF version

Instead of deposits cities may want to use nonrefundable connection fees. A deposit is recorded as a liability on the statement of net assets and will need to be accounted for as long as the customer has the service. A non-refundable connection fee is recognized as revenue when it is received, and no records need be maintained to keep track of the payment as with a deposit.


Need to Broaden your Search?

Search Our Full Site

Use our comprehensive search tool to find out more information about your topic.