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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

General Accounting

Governmental Reporting Overview
Budget Reductions

Report all budget reductions on the operating statement as follows:

  • Reductions of appropriations in the general revenue fund are recorded as a reduction of legislative appropriation revenue.
  • Reductions from special revenue funds are reported as “transfer out – agency 902, fund 0001.”