Financial Reporting

What’s New

AFR Deadlines [posted 09/26/25]

The deadlines for the fiscal 2025 annual financial report (AFR) are:

Oct. 1 – for GR consolidated agencies.
Nov. 1 – for full reporting agencies submitting their unaudited AFR.
Nov. 20 – for institutions of higher education submitting their unaudited AFR.
Dec. 15 – for full reporting agencies including institutions of higher education publishing their audited AFR.

USAS will be closed to these agencies the evening of the following dates:

Oct. 1 – for GR consolidated agencies.
Nov. 1 – for unaudited full reporting agencies.
Nov. 20 – for unaudited institutions of higher education.
Dec. 1 – for audited full reporting agencies (including institutions of higher education).

The Financial Reporting section strongly recommends that agencies make and release all USAS entries related to the AFR by 7 p.m. the day before USAS closes.

Agencies must use USAS Batch Edit Mode 2 for entries made on the day USAS closes. Any later USAS entries must be made by your financial reporting analyst.

All entries for the fiscal 2025 AFR must be backdated using an effective date of 08/32/2025.

Contact your financial reporting analyst with questions about AFR submission requirements and deadlines.

Budget T-Codes Effective Date Change [posted 09/26/25]

On Nov. 3, at 7 a.m., the effective start date for USAS budget T-codes 001, 003, 006, 009, 012, 015, 018, 021, 036, 039, 040, 041, 042 and 043 will change to 09/01/2025.

Fiscal Management’s Financial Reporting section verifies general revenue (GR) information submitted by state agencies and must ensure agencies cannot backdate entries, which would change the agency’s GR amount.

Contact your financial reporting analyst or appropriation control officer with questions.