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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
Pass-Through Grants

According to GASB 24, all cash pass-through grants received by a governmental entity (referred to as a recipient government) are reported in its financial statements. Pass-through grants are those grants received by a recipient government to transfer to or spend on behalf of a secondary recipient.

As a general rule, cash pass-through grants are recognized as revenue and expenditures or expenses in a governmental, proprietary or trust fund. In those infrequent cases in which a recipient government serves only as a cash conduit, the grant is reported in an agency fund. For more information on reporting cash conduit activity, see Cash Conduit – Proper Fund Type for Reporting of Pass-Throughs in Federal Pass-Throughs.

Glenn Hegar
Texas Comptroller of Public Accounts
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