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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

Global Certification

Global Certification

Introduction

Each agency is required to ensure and certify that its financial data is accurate and correctly reflects the agency’s financial position as of Aug. 31, 20CY. There is a three level certification that must be completed through the ACFR Note Reporting & Certification (ANRC) web application.

The three levels of certification are:

  1. Disclosure:
    • Verifies that all applicable web applications have been certified — looks for uncertified USAS data
    • All web applications must be certified by the deadline, even if there is no activity (SEFA is the only exception).
  2. USAS:
    • Certifies all USAS data
    • Certifies all interagency balances
  3. Global: Requires certification of disclosures and USAS levels to finalize certification

Once certified, the web application assigns the date and time to the USAS certification.

Prior to the deadline, the agency may request the Financial Reporting section to un-certify its submission to allow for additional information entry, either as:

  • A note disclosure in the other web applications
    –OR–
  • An additional USAS entry

Once the change has been made, the agency must re-certify.