How should CAL-Card rebates be recorded?
The CAL-Card rebate is a performance bonus that is distributed by the credit card company to departments for timely payment of invoices. Because the rebate cannot be identified to a specific invoice or vendor, the bonus will be classified as Miscellaneous Revenue for those departments whose primary funding source is a governmental cost fund. Departments whose primary funding source is a nongovernmental cost fund will use Operating Revenue, Other. Additional rebate information is available at the Department of General Services CAL-Card website, see FAQ question #4 at: Cal-Card Frequently Asked Questions.
