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
Synthetic Guaranteed Investment Contracts
If a derivative instrument is a synthetic guaranteed investment contract that is fully benefit-responsive, disclose the following information:
- Description of the nature of the contract
- Fair value (including separate disclosure of the fair value of the corresponding underlying investments)
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