Notes & Samples
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- Instructions for the ONDSS Web Application
- Note 1 – Summary of Significant Accounting Policies
- Note 2 – Capital Assets
- Note 3 – Deposits, Investments and Repurchase Agreements
- Note 4 – Short-Term Debt
- Note 5 – Long-Term Liabilities
- USAS Transaction Entries
- Reporting Long-Term Liabilities
- Notes and Loans Payable
- Claims & Judgments
- Employee Compensable Leave
- Compensable Leave Liability Methodology
- Bonds Payable
- Leases/SBITAs
- Liabilities Payable from Restricted Assets
- Pollution Remediation Obligations
- Certain Asset Retirement Obligations
- Direct Borrowings and Direct Placements
- Pledged Future Revenues
- Availability Payment Arrangements
- Instructions for the LTLN Web Application
- Sample
- Note 6 – Bonded Indebtedness
- Bonds Payable Disclosures
- Accounting for Early Extinguishments and Advance Refunding
- Demand Bonds
- Build America Bonds
- Derivative Instruments
- Bond Payable Entries
- Reporting of Issuance of Long-Term Debt
- Conduit Debt
- Pledged Future Revenues
- Schedule 2A – Miscellaneous Bond Information
- Schedule 2B – Changes in Bonded Indebtedness
- Schedule 2C – Debt Service Requirements
- Schedule 2D – Analysis of Funds Available for Debt Service
- Schedule 2E – Defeased Bonds Outstanding
- Schedule 2F – Early Extinguishment and Refunding
- Instructions for the BRS Web Application
- Samples
- Note 7 – Derivative Instruments
- Note 8 – Leases/SBITAs
- Note 9 – Defined Benefit Pension Plans and Defined Contribution Plan
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
Notes & Samples
NOTE 5 – Long-Term Liabilities
Liabilities Payable from Restricted Assets
Liabilities payable from restricted assets are liabilities associated with the acquisition of restricted assets or liabilities that will be liquidated with restricted assets. Segregate current liabilities from long-term liabilities and report separately.
This account is primarily used by the Texas Lottery Commission and the Texas Tomorrow Fund.
References
Resources
- Agency Fiscal Year-End USAS Adjustments and AFR Checklist
- Step 1 – General Cleanup
- Step 2 – Review USAS Balances
- Step 3 – Investments
- Step 4 – Interagency Activity
- Step 5 – Binding Encumbrance and Payables
- Step 6 – General Revenue Reconciliation
- Step 7 – Statement of Cash Flows
- Step 8 – Notes to the Financial Statements
- Step 9 – Supplementary Schedules
- Step 10 – Analyze USAS Reports
- Step 11 – Review USAS Information
- Step 12 – Verify DAFRs and Complete AFR
- View Entire Checklist
- FAQs
- Definitions
- Appendices