CLASSIFICATION OF ACCOUNTS Item No. 1: Salaries, Item No. 2: Supplies and Expenses (Operation and Maintenance). Item No. 3: Outlays (Land, Buildings and Equipment). Item No. 4: Debt Service (Payment of Principal and Interest on Borrowed Money). Item No. 5: Contingent Fund. Item No. 6: Refunds (Tax and Tuition Refunds)
