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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Bonds

Required Schedules and Samples
Schedule 2A – Miscellaneous Bond Information

Schedule 2A presents descriptive data for each bond series issued by disclosing historical information that is based on the date of issuance, using the official statement as the source. The data must not change during the life of the bonds other than changes due to annual accretion on compound interest bonds, capital appreciation bonds and for changes in amounts issued to date.

Separate miscellaneous bond information into four categories:

  • General obligation bonds — self-supporting
  • General obligation bonds — not self-supporting
  • Revenue bonds — self-supporting
  • Revenue bonds — not self-supporting

Disclose the following in the hard copy Schedule 2A and in the BRS web application where applicable:

  • Separate general obligation and revenue bonds into either governmental activities (FT01, FT02, FT03, FT04 and FT19), business-type activities (FT05 and FT06) or discrete component units (FT15).
  • Description of the bond issue — Include the title, series and calendar year of the bond as contained in the official statement. Use the same exact description of each issue for each bond schedule. Make sure these descriptions agree with those used in the previous year’s bond schedules.
  • Bonds issued to date — Show the amount of the original par value by bond series. This amount remains unchanged for the life of the bonds and, except for capital appreciation bonds, will agree with the previous year’s bond schedules.

    For capital appreciation bonds, the amount changes annually based on the current year accretion recognized as bonds issued in the changes in bonded indebtedness schedule.

    In general, anything reported as bonds issued on the changes in bonded indebtedness schedule is included in this column.

  • Range of interest rates — Present both the lowest and highest interest rate for each series as stated in the official statement for fixed rate issues. This data is not adjusted for maturities or refundings and must agree with the previous year’s bond schedules. For variable rate bonds, report both the high and low range as “VAR” to indicate variable regardless of how specific allowable ranges may be stated. (If converted to a fixed rate, replace “VAR” with the new fixed rate.)
  • Terms of variable interest rate — Disclose the terms by which interest rates change for variable-rate debt (for example, weekly, monthly, quarterly, yearly, etc.).
  • Scheduled maturities, first and last year — Show the first and last calendar years of scheduled maturities for each series as stated in the official statement. This data is not adjusted for maturities or refundings and must agree with the previous year’s bond schedules. The final maturity date is a required field in the BRS web application.
  • First call date — This is the first date (MM/DD/YYYY) the agency has the option to call any portion of the bond issue for early redemption. Do not include mandatory redemptions required by or specified in the bond resolution.

    Enter N/A if the bonds are not subject to early redemption at the option of the agency.

    Enter Partial as a footnote on the schedule if the call date refers to an option for only a partial redemption.

In the BRS web application, provide information not otherwise collected in the various data fields in the COMMENT box (on data entry screen 1, section 1 and section 4). A note is not necessary for redemption of the total outstanding balance. Use a separate footnote to identify any required mandatory redemptions.

Schedule 2A – Sample
For the Fiscal Year Ended Aug. 31, 20CY

Governmental Activities

Description of Issue Bonds Issued to Date Range of Interest Rates Terms of Variable Interest Rates Scheduled Maturities First Call Date
First Year Last Year
Sample Ln Sec Bds Ser ‘01 $    6,500,000.00 VAR VAR Weekly 2001 2025 10/01/20
Revenue Bonds              
Sample Rev Bds Ser ‘05 5,000,000.00 6.2500% 7.1500%   2006 2025 10/01/16
Total $  11,500,000.00            

Business-Type Activities

Description of Issue Bonds Issued to Date Range of Interest Rates Terms of Variable Interest Rates Scheduled Maturities First Call Date
First Year Last Year
General Obligation Bonds              
Sample Ln Sec Bds Ser ‘01 $     800,000.00 VAR VAR Quarterly 2001 2025 10/01/20
Revenue Bonds              
Sample Rev Bds Ser ‘05 2,000,000.00 5.5550% 6.2500%   2006 2025 10/01/16
Total $   2,800,000.00            

Discrete Component Units

Description of Issue Bonds Issued to Date Range of Interest Rates Terms of Variable Interest Rates Scheduled Maturities First Call Date
First Year Last Year
Revenue Bonds              
Sample Ln Sec Bds Ser ‘00 $   500,000.00 VAR VAR Quarterly 2001 2020 10/01/11
Sample Rev Bds Ser ‘02 $   300,000.00 4.1500% 5.6500%   2003 2022 10/01/13
Total $   800,000.00            

Important: Enter all amounts in dollars and cents.

Important: Enter fixed interest rates to four decimal places.

Glenn Hegar
Texas Comptroller of Public Accounts
Questions? Contact statewide.accounting@cpa.texas.gov
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