Financial Reporting

What’s New

Proceeds From the Sale of Surplus Property [posted 07/25/25]

All proceeds from the sale of surplus property, equipment and commodities must be deposited to general revenue (GR) in appropriation 99908.

An agency may 25 percent of the surplus property receipts to a direct strategy appropriation for GR Fund 0001 expenditures during the same fiscal year.

See Proceeds from the Sale of Surplus Property (FPP A.032) for more information.

SPA/AFR Reconciliation Deadlines [posted 07/25/25]

State agencies (and institutions of higher education reporting to SPA) must annually reconcile SPA ending balances with their annual financial reports (AFRs).

Deadlines for certification in the Capital Asset Note Submission System (CANSS) web application are:

Sept. 20 – GR consolidated agencies and external/internal property transfers completion due in SPA.
Oct. 20 – Full reporting agencies and consolidated university systems (applies only to institutions of higher education reporting to SPA).

See Instructions for the CANSS Web Application for more information.

Contact your SPA analyst with questions about SPA or SPA/CANSS variances.