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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 26 – Segment Information
Sample (Illustrative, may not tie to exhibits)

The Sample Agency issued three separate bonds for the purposes of constructing long-term nursing homes in the state of 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

Segment 3

Assets
Current assets
  Cash
$ 8,414.75 $ 9,253.36 $ 10,175.13
  Taxes Receivable 963.14 84,943.33 81,555.47
  Due From other funds 15.52 20.00  
  Restricted assets
    Loans and Contracts
26,661.96   26,500.25
  Capital assets, net of depreciation
    Buildings

68,047.45

12,225.81

 

      Total Assets

104,102.82

106,442.50

118,230.85

Deferred Outflows of Resources

20,000.00

 

10,500.00

Liabilities
Current liabilities
     
  Accounts Payable 1,123.41 200.00  
  Due To other funds 33.83 45.78 61.75
  Current liabilities payable from
    restricted assets
3,565.27 4,565.37 5,000.00
Noncurrent liabilities
  Notes and loans payable

32,053.33

33,000.00

80,000.00

    Total Liabilities

36,775.84

37,811.15

85,061.75

Deferred Inflows of Resources

10,000.00

 

4,600.00

Net Position
Net Investment in capital assets
     
  57,309.51 60,000.00 25,000.00
Restricted 632.36 631.35 645.52
Unrestricted

19,385.11

8,000.00

13,423.58

Total Net Position

$ 77,326.98

$ 68,631.35

$ 39,069.10

Condensed Statement of Revenue, Expenses and Changes in Net Position

 

Segment 1

Segment 2

Segment 3

Other sales of goods and services $ 6,498.88 $ 8,452.13 $ 9,025.45
Cost of goods sold (1,461.15) (2,500.00) (1,328.64)
Other operating expenses

(3,469.67)

(2,536.46)

(3,567.43)

  Net Operating income 1,568.06 3,415.67 4,129.38
Nonoperating revenues(expenses)      
  Legislative revenue 1,102.25 2,000.00 1,158.25
  Investment Income 122.96 6,522.49 632.46
  Interest expense and fiscal fees (920.37)   (638.84)
Capital contributions

2,575.14

3,000.00

2,076.66

  Change in Net Position 4,448.04 14,938.16 7,357.91
Beginning Net Position

62,878.94

53,693.19

25,811.19

Ending Net Position

$ 67,326.98

$ 68,631.35

$ 33,169.10

Condensed Statement of Cash Flows

 

Segment 1

Segment 2

Segment 3

Net cash provided (used) by:      
Operating activities $ 2,106.58 $ 1,072.15 $ 3,260.16
Noncapital financing activities 122.91   235.83
Capital and related financing activities 23,936.61 25,003.56 22,007.71
Investing activities

(19,354.78)

(18,325.13)

(17,328.64)

  Net increase (decrease) 6,811.32 7,750.58 8,175.06
Beginning cash and cash equivalents

1,603.43

1,502.78

2,000.07

Ending cash and cash equivalents

$ 8,414.75

$ 9,253.36

$ 10,175.13

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