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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Capital Assets

Impairment of Capital Assets and Insurance Recoveries
COBJs and Roll Ups for Reporting Impairment Losses and Insurance Recoveries

Impairment losses

COBJ PURPOSE Govt
GSO
Govt GSO Title Prop
GSO
Prop GSO Title GWFS
GSO
GSO Title CNP GSO CNP GSO Title
7855 Expense 0910 Backout NA 1197 Claims and Losses (Operating Expense) 3450 Claims and Judgement 2520 Gain/(Loss) on Impairment of Capital Asset**
7856 Special Item 0910 Backout NA 1340 Special Item 3960 Special Item 2520 Gain/(Loss) on Impairment of Capital Asset**
7857 Extraordinary Item 0910 Backout NA 1345 Extraordinary Item 3965 Extraordinary Item 2520 Gain/(Loss) on Impairment of Capital Asset**

Insurance recovery in the same year as an impairment loss*

COBJ PURPOSE Govt
GSO
Govt GSO Title Prop
GSO
Prop GSO Title GWFS
GSO
GSO Title CNA GSO CNA GSO Title
3783 Other Source/Expense 0565 Insurance Recoveries (Other Financing Sources) 1197 Claims and Losses (Operating Expense netted with the loss) 3450 Claims and Judgement (netted with the loss) 2520 Gain/(Loss) on Impairment of Capital Asset**
3784 Extraordinary Item 0650 Extraordinary Item 1345 Extraordinary Item (netted with the loss) 3965 Extraordinary Item (netted with the loss) 2590 Extraordinary Item (netted with the loss) **

Insurance recovery in a year subsequent to an impairment loss

COBJ PURPOSE Govt
GSO
Govt GSO Title Prop
GSO
Prop GSO Title GWFS
GSO
GSO Title CNA GSO CNA GSO Title
3773 Other Source/Revenue 0565 Insurance Recoveries (Other Financing Sources) 1260 Settlement of Claims (Nonoperating Revenue) 3090 Chg/Svc – Other Chgs for Goods and Services (Program Revenue) 2505 Settlement of Claims **
3784 Extraordinary Item 0650 Extraordinary Item 1345 Extraordinary Item 3965 Extraordinary Item 2590 Extraordinary Item**

*When there is an insurance recovery not related to impairment of capital assets, net the recovery against the line item where the loss is reported.

**Appears in the Other Additions portion of the statement.

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