Reporting Requirements for Annual Financial Reports of State Agencies and Universities
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Reporting Requirements
Issued: Sept. 1, 1993
FPP A.036
Except where otherwise specifically stated on this website, all references to “agency” or “agencies” refer to any agency, university or component unit that has an “agency number.” The state of Texas fiscal year begins Sept. 1 of the calendar year and runs through Aug. 31 of the following calendar year.
Latest Updates
The AFR website is now updated on a continual basis, instead of an annual release for each reporting period. The following table displays all content changes to this website made after April 1, 2024.
2024 Updates Table
The following table displays all content changes to this website. Updates critical to the reporting requirements (policies/procedures) are indicated with highlighted rows.
| Date | Updates |
|---|---|
| 01/08/2025 | Updated the Interest Rates table by adding the borrowing rates for the first quarter of fiscal 2024. |
| 10/01/2024 | Updated the Interest Rates table by adding the 2024 fourth quarter row. |
| 10/01/2024 | Updated the Appendices with fiscal 2024 object codes. |
| 09/12/2024 | Updated the FAQs to include questions regarding the new GR Reconciliation process. |
| 08/20/2024 | Updated Appendix A and Appendix B for new general ledger accounts. |
| 07/26/2024 | Removed the General Revenue Reconciliation web application. |
| 07/26/2024 | Updated the Capitalization Threshold table for fiscal 2024 and fiscal 2025. |
| 07/16/2024 | Added GASB 99 requirements for “other derivative instruments” information in Note 7. Also relocated some Note 7 content to various sections within the Note 7 sub-navigation menu. |
| 06/28/2024 | Updated the FA Control Field dates, after which the prior-year transactions are not allowed to post to USAS. |
| 06/27/2024 | Opened the annual GASB Questionnaires. Added a new GASB 70 and 99 Questionnaire (superseding last year’s GASB 70 Questionnaire) and added a new GASB 94 Questionnaire. |
| 06/27/2024 | Updated Note 27-Public-Private and Public-Public Partnerships with disclosure requirements for LNSS. |
| 06/27/2024 | Updated the FA Control Field dates, after which the prior-year transactions are not allowed to post to USAS. |
| 06/25/2024 | Opened the AFR web applications for the current fiscal year entry. |
| 06/19/2024 | Updated Instructions for the ANRC Web Application with new deadlines. |
| 05/31/2024 | Expanded Note 30 – Financial Guarantees to include exchange or exchange-like financial guarantees. |
| 05/31/2024 | Added Exchange and Exchange-Like Financial Guarantees in the menu of the Specialized Accounting tab. |
| 05/22/2024 | Added the new Public-Private and Public-Public Partnership Installment Receivable (Excel) on the Annual Financial Report Working Papers page. |
| 05/22/2024 | Updated guidance for Note 14–Adjustments to Beginning Net Position, Fund Balances or Fund Net Position. |
| 05/02/2024 | Updates Deadlines for AFR submission. |
| 05/02/2024 | Added a template for Agency Audit Letter of Intent on the Template & Sample Exhibits page. |
| 05/02/2024 | Updated the submission requirements for Full Reporting Agencies. |