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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities


Agency Year-End USAS Adjustments and AFR Checklist
Step 10 – Analyze USAS Reports

Analyze USAS reports to determine necessary AFR entries, calculate revenue accruals and adjust USAS as necessary before Nov. 20.

  1. Enter accrued revenues, accounts receivable and all local fund revenues including accruals. For more information, see Receivables/Accrued Revenues.
  2. Enter net change in consumable inventory balances. For more information, see Inventories Review balances using FMQuery–SIRS report DR112 — Review Fund Balance for Consumable and Merchandise Inventories (formerly CR103) located in the AFR Desk Review menu.
  3. Enter net change in prepaid items. For more information, see Prepaid Items. Review balances using FMQuery–SIRS report DR113 — Review Fund Balance for Prepaid Items (formerly CR105) located in the AFR Desk Review menu.
  4. Enter any other adjustments to the operating statement.
  5. Allocate fund balance/net position if appropriate. For more information, see Allocation of Fund Balance or Net Position.
  6. Enter any other necessary adjustments to balance sheet accounts.
Glenn Hegar
Texas Comptroller of Public Accounts
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