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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Pass-Through Activity

Special Conditions
Food Stamps

  • Per GASB 24, distributions of food stamp benefits, CFDA 10.551, must be recognized as revenue and expenditures, regardless of whether the agency distributes the benefits directly or through agents and regardless of whether the benefits are in paper or electronic form.
  • Expenditures and revenue are recognized when the benefits are distributed to the individual recipients.
  • Agencies report food stamp balances held by the agency or by their agents at the balance sheet date as an asset offset by unearned revenue.
Glenn Hegar
Texas Comptroller of Public Accounts
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