Reporting Requirements for Annual Financial Reports of State Agencies and Universities
Notes & Samples
NOTE 19 – The Financial Reporting Entity
Jointly Governed Organizations
If the agency is a party in a jointly governed organization (as discussed in Jointly Governed Organizations in The Financial Reporting Entity), include a description of the jointly governed organization in Note 19.
In addition, include information on the related party transactions if any related party transactions occurred between the agency and the jointly governed organization during the fiscal year.