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 7 – Derivative Instruments
Derivative Instruments with Contingent Features
Agencies must disclose any contingent features included in their derivative instruments (such as a requirement for an agency to post collateral if its credit rating declines). Details about derivative instruments with contingent features must be disclosed in Note 15 and referenced as such in Note 7.
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