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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Notes & Samples

NOTE 18 – Management’s Discussion and Analysis (MD&A)
Sample (Illustrative, may not tie to exhibits)

The following events occurred at Sample Agency:

The agency did not issue new bonds or contracts during the fiscal year. But the agency projects spending another $16 million for capital projects, particularly to renovate the fire alarm system and evacuation routes throughout the buildings and grounds. The agency does not anticipate a need to issue additional debt to finance these improvements.

The agency experienced a loss of $2.3 million for the cleanup and replacement of expendable items lost in the flooding that accompanied Hurricane ABC.

Glenn Hegar
Texas Comptroller of Public Accounts
Questions? Contact statewide.accounting@cpa.texas.gov
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