Financial Reporting

The State of Texas Annual Cash Report for fiscal 2025 is now available. The report presents the state’s financial condition and details revenues and expenditures on a cash basis, as required by Texas Government Code, Section 403.013.

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

• 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 closed Oct. 1 for GR consolidated agencies. USAS will be closed to these agencies the evening of the following dates:

• 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.