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Accounting Policy Meeting
Wednesday, June 18, 2025

Agenda

Meeting Handout PDF

Time Topic Speaker
10–10:15 a.m. Welcome and Introductions

Esteban Garcia, appropriation control officer, Fiscal Management Division, Texas Comptroller of Public Accounts
10:15–10:35 a.m. State Property Accounting (SPA) Updates

Vanessa Heckert, SPA systems analyst, Fiscal Management Division, Texas Comptroller of Public Accounts
10:35–11 a.m. SEFA Updates and Guidelines

Dina Fletcher & Irma Toth, SEFA systems analysts, Fiscal Management Division, Texas Comptroller of Public Accounts

11–11:20 a.m. GASB 102, Certain Risk Disclosures

Lisa Parks, financial reporting team lead, Fiscal Management Division, Texas Comptroller of Public Accounts
11:20–11:40 a.m. GASB 101, Update on Sick Leave Methodology

Lisa Parks, financial reporting team lead, Fiscal Management Division, Texas Comptroller of Public Accounts
11:40–11:55 Questions Financial Reporting & Statewide Fiscal Programs sections, Fiscal Management Division, Texas Comptroller of Public Accounts
11:55 a.m.–Noon Adjourn

Esteban Garcia, appropriation control officer, Fiscal Management Division, Texas Comptroller of Public Accounts

Attendees can choose to attend the June 18 (10 a.m.–Noon CDT) one of two ways:

  • Attend in person at:
    REJ Conference Center
    1501 N. Congress Ave.
    Central Conference Room
    (N.E. corner of 15th Street and N. Congress Ave.)

  • Attend online by:
    Registering for the June 18 Financial Reporting Updates webinar (via Webex). After registering, you will receive a confirmation email containing information about joining the webinar.

    Tips to Follow During the Webinar

    • Use Google Chrome as the internet browser to avoid Webex connectivity issues.
    • If you lose the connection to the webinar while it is in progress, find your registration confirmation email and click the link to join the webinar again. The presentation should resume in progress.
    • If you are using a web browser with multiple tab functionality, open a new window with only a single tab to ensure you do not have multiple sessions open.

    To End the Webinar

    At the end of the presentation, the moderator will end the webinar. Close your web browser when the webinar is over.

CPE Credit

At this time, no CPE Credit is offered.

Contacts

If you have questions about the webinar, email the Financial Reporting section.

Parking

Visit Capitol Complex Parking and Special Events for more information.

Questions and Answers

State Property Accounting (SPA) System

If it meets the Works of Art and Historical Treasures Definition, it must be entered in SPA. Assets that meet this definition can use the following guidelines:

  • Collections and exhibits matching the historical treasures definition can be reported under one property number and entered in SPA as one asset.
  • Agencies must have an internal inventory system to track all items included in a collection or exhibit. This is the responsibility of the agency.
  • Agencies must provide internal inventory records and evidence of the assets during an audit.

No updates are necessary in USAS.

No update as of today. For more SPA information, see SPA Process User’s Guide.

State Pass-Through Reporting (SPTR)

The SPTR coordinator for fiscal 2025 is Richa Lohani, or you can reach out to your financial reporting analyst.

The SPTR initial certification is no longer necessary. For more information, see State Pass-Throughs.

GASB Statement No. 102, Certain Risk Disclosures

Each agency must make an annual assessment about risks associated with a concentration or constraint and an event that could cause a substantial impact to the agency. The agency then determines if a disclosure is necessary.

For more information, see Concentrations or Constraints.

GASB Statement No. 101, Compensable Leave

Yes. A new report will be available from CAPPS HR/Payroll that displays sick leave. Collectively, the report will display:

  • Annual leave
  • Compensatory time
  • Overtime
  • Sick leave

Agencies should be able to generate a leave liability report from CAPPS after fiscal year-end. The Comptroller’s office also receives a leave liability report for all agencies using CAPPS HR/Payroll.

For more information, see Employee Compensable Leave.

Yes. The Comptroller’s office expects this trend to continue. The historical data showed the amount of sick leave earned each year is 10 times the amount of the sick leave used. This means the the employees returning to the office would have to take 10 times more leave than they do right now. There is a very small chance that this will occur.

For more information, see Compensable Leave Liability Methodology.