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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Notes & Samples

NOTE 28 – Deferred Outflows of Resources and Deferred Inflows of Resources

Disclosures

Report the balances of different types of deferred outflows of resources and deferred inflows of resources in aggregate on the financial statements.

Disclose the details of deferred outflows of resources and deferred inflows of resources (in the respective notes) for:

  • Derivatives
  • Public-Private and Public-Public Partnerships (PPP)
  • Asset retirement obligations (AROs)
  • Pensions (if applicable)
  • Government combinations (if applicable)
  • Lease Income
  • Other types of deferred amounts

Note: Present summary information on the deferrals by category in Note 28 and cross-reference between the detail notes and Note 28.

For all types of deferrals, tie the total deferred outflows of resources and total deferred inflows of resources to the deferred outflows of resources section and deferred inflows of resources section on the financial statements, respectively.