Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Resources

Agency Fiscal Year-End USAS Adjustments and AFR Checklist
Step 8 – Notes to the Financial Statements

• Note 1
• Note 2
• Note 3
• Note 4
• Note 5
• Note 6
• Note 7
• Note 8
• Note 9
• Note 10
• Note 11
• Note 12
• Note 13
• Note 14
• Note 15
• Note 16
• Note 17
• Note 18
• Note 19
• Note 20
• Note 22
• Note 23
• Note 24
• Note 25
• Note 26
• Note 27
• Note 28
• Note 29
• Note 30
• Note 31
• Note 32
• View All

Note 4 – Short-term Debt (Submitted through the ONDSS web application)

1. Include the purpose for the short-term debt and provide a schedule of changes (beginning balance, increases, decreases and end balance) if the agency engaged in short-term debt activity during the fiscal year.
2. Disclose direct borrowings and direct placements. These items should be separated from other debt.
3. Include required GASB 88 disclosure text related to each of the following:
   • Unused lines of credit
   • Pledged collateral assets
   • Terms specified in debt agreements
4. Include a separate table for component units (if applicable) in the same format as the Note 4 Sample table shown for governmental activities.
5. Submit a copy of the agency’s Note 4 from its published AFR through the ONDSS web application. The required format is a Microsoft Word document (latest version: docx) with header information that includes: agency name/number and note number/name. If Note 4 contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. If Note 4 does not apply, do NOT submit a note to indicate “not applicable.”