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 |