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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Capital Assets

Leased Property
Master Lease Purchase Program

Enter assets acquired under the Master Lease Purchase Program (MLPP) into SPA using the capital lease acquisition method, if the asset meets the capitalization threshold.

Purchase of MLPP

SPA Entries Made by Agencies using MLPP
Acquisition Method 08 (Other Debt Instruments)
Debt Finance Method 02 (MLPP)
Paid-Off Flag (Default Value) N

Reporting Assets Under MLPP Lease Obligation

Agencies report MLPP capital assets on their books.

AFR Note 2 SPA Entries Made by Agencies
Agencies (In first year of MLPP only)
Show increase in additions column for related asset category.		 Paid-Off Flag – Stays the same N

For financial reporting purposes, the MLPP is one of the methods the state uses to finance the capital projects. It is not included in Note 8 (Leases). For more information on fund financial statement accounting entries related to MLPP, see Master Lease Purchase Program.