|
Object Class Codes are categories in a Classification System that presents obligations by the items or Services purchased by the Federal Government. These are the major object classes: 10 Personnel compensation and benefits, 20 Contractual Services and supplies, 30 Acquisition of assets, 40 Grants and fixed charges, 90 Other. OMB divides these major classes into smaller classes and presents them in object class schedules. The classes present obligations according to their initial purpose, not the end product or Service. For example, if you pay a Federal employee who constructs a building, classify the obligations for the employee's wages under Personnel compensation and benefits, rather than Acquisition of assets. If you purchase a building, classify the contractual obligations under Acquisition of assets. |