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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

Loan Programs
Objective of Accountability

Examine the degree to which you expect the program to be self-supporting. One intention of business-type activities is that operations generate sufficient funds to meet operating and debt service needs. Legislation for many loan programs does not allow support from the general revenues of the state. The use of the enterprise fund type is best for assuring that the full costs of the service are being fully recovered by the program.