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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

General Accounting

Payables/Accrued Expenditures
Disaggregation of Payable Balances

GASB 38, paragraph 13, requires agencies to provide details regarding the components of payables. Components of payables are recorded separately in USAS using the appropriate GL accounts, in addition to being presented as separate line items on the fund financial statements. Examples of components of payables include:

  • Accounts payable
  • Payroll payable
  • Federal payable
  • Tax refunds payable

For payable USAS GL accounts, see Appendix A.

For the note disclosure requirement for significant payables, see Note 24 – Disaggregation of Receivable and Payable Balances.

Glenn Hegar
Texas Comptroller of Public Accounts
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