Reporting Requirements for Annual Financial Reports of State Agencies and Universities
Notes & Samples
NOTE 26 – Segment Information
Sample (Illustrative, may not tie to exhibits)
The Sample Agency issued two separate bonds for the purposes of constructing long-term nursing homes in Texas. The bonds require that the homes’ revenues, expenses, gains, losses, assets and liabilities be separately accounted for and independently audited. The following tables present the financial statements of the homes related to the revenue bonds:
Condensed Statement of Net Position
| Segment 1 | Segment 2 | |
|---|---|---|
| Assets | ||
| Current assets | $ 5,229,593 | $ 6,919,814 |
| Capital assets, net | 38,952,991 |
92,171,460 |
| Total Assets | 44,182,584 |
99,091,274 |
| Deferred Outflows of Resources | 127,520 |
|
| Liabilities | ||
| Due To other funds | 175,000 | |
| Other current liabilities | 1,520,672 | 2,984,214 |
| Noncurrent liabilities | 5,476,120 |
49,426,828 |
| Total Liabilities | 6,996,792 |
52,586,042 |
| Net Position | ||
| Net investment in capital assets | 32,772,337 | 39,955,956 |
| Unrestricted | 4,540,975 |
6,549,276 |
| Total Net Position | $ 37,313,312 |
$ 46,505,232 |
Condensed Statement of Revenue, Expenses and Changes in Net Position
| Segment 1 | Segment 2 | |
|---|---|---|
| Operating revenues | $ 4,159,350 | $ 7,170,533 |
| Depreciation expense | (549,987) | (613,153) |
| Other operating expenses | (2,642,774) |
(3,101,842) |
| Operating Income | 966,589 | 3,455,538 |
| Noncapital subsidies | ||
| Transfer out |
|
(290,000) |
| Operating income and noncapital subsidies | 966,589 | 3,165,538 |
| Other nonoperating revenue (expenses) | ||
| Investment Income | 217,378 | 237,415 |
| Interest expense | (402,972) | (1,197,858) |
| Capital contributions | 1,159,909 |
486,010 |
| Increase (decrease) in Net Position | 1,940,904 | 2,691,105 |
| Beginning Net Position | 35,372,408 |
43,814,127 |
| Ending Net Position | $ 37,313,312 |
$ 46,505,232 |
Condensed Statement of Cash Flows
| Segment 1 | Segment 2 | |
|---|---|---|
| Net cash provided (used) by: | ||
| Operating activities | $ 2,001,811 | $ 850,643 |
| Noncapital financing activities | (290,000) | |
| Capital and related financing activities | (1,683,785) | (1,641,117) |
| Investing activities | 217,378 |
237,415 |
| Net increase (decrease) | 535,404 | (843,059) |
| Beginning cash and cash equivalents | 3,089,534 |
5,634,774 |
| Ending cash and cash equivalents | $ 3,624,938 |
$ 4,791,715 |