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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

General Accounting

The financial activities of the government are reported using financial statements that present those financial activities using fundamental components, or elements.

In addition to the financial statements discussed below, a statement of cash flows is also required for all proprietary funds and special purpose governments engaged only in business-type activities.

The state of Texas uses the following statements to present its financial position:

These statements of financial position report the following elements:

The state of Texas uses the following statements to present its resource flows:

These resource flow statements report the following elements: