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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

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

Notes to the Financial Statements

  1. Submit copies of the agency’s applicable notes 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 any note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable”.
  2. Submit via the following AFR web applications (as applicable) in addition to a copy of the agency’s notes from its published AFR with each note as a separate attachment:
    • Agency Cash Flow Reporting (ACFR)
    • Bond Reporting System (BRS)
    • Capital Asset Note Submission System (CANSS)
    • Component Unit and Related Organizations (CURO)
    • Deposit and Investment Note Submission System (DINSS)
    • Derivatives Note Submission System (DRNSS)
    • General Revenue Reconciliation (GR)
    • Lease Note Submission System (LNSS)
    • Long-Term Liability Note (LTLN)
    • Restatement Note Submission System (RNSS)
    • Schedule of Expenditures of Federal Awards (SEFA)
    • State Grant Pass-Through Reporting (SPTR)
    • All agencies are required to submit a certification within each and every web application (even if there is no activity) by the applicable due dates
    • Notes submitted through the applicable web application must tie to the submitted copy of the agency’s notes from its published AFR.

      Note: Screen prints from the applicable web application will not be accepted in lieu of the required copy from the agency’s published AFR.

Note 1 – Significant Accounting Polices (Submitted Through the ONDSS web application)

  1. Include descriptions of only the fund type and funds actually used by the agency. Also include a reference to component units, if applicable.
  2. Submit a copy of the agency’s Note 1 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 1 does not apply, do not submit a note to indicate “not applicable.”

Note 2 – Capital Assets (Submitted Through the CANSS web application)

  1. For each category of capital assets, the SPA amounts tie to the CANSS certified amounts as well as the USAS capital asset GL and COBJ amounts.
  2. The following CANSS columns match each category of capital asset to both the balance sheet/statement of net position and the operating statement:
    1. Beginning Balance column equals PY ending balances.
    2. Adjustments column equals restatements COBJ 3891. Agencies with restatements other than capital assets reported in FT05 or FT15 must provide a breakdown of the items that make up the restatement amount in Note 14.
    3. Completed CIP column nets to zero having no effect on the operating statement.
    4. Inc-Int’agy Trans column equals the sum of:
      • COBJ 3843/7858 – net increase in net assets due to interagency transfer of capital assets
      • Accumulated depreciation
      • Accumulated amortization
    5. Dec-Int’agy Trans column equals the sum of:
      • COBJ 7858/3843 – net decrease in net assets due to interagency transfer of capital assets
      • Accumulated depreciation
      • Accumulated amortization

      Note: The net increase of an interagency capital asset transfer must match the net decrease of an interagency capital asset transfer transaction. Agencies using local depreciation and amortization calculations must record the same amount agreed upon during the interagency transfer of capital assets. For more information on capital asset transfers, see Recording Interagency Transfers of Capital Assets.

    6. Additions column equals the sum of:
      • Total capital outlay plus capital donations or capital contributions
      • Accumulated depreciation equals total depreciation expense
      • Accumulated amortization equals total amortization expense

      Note: Capital asset additions for FT05 may not match the CANSS “Additions” column.

    7. Deletions column equals the sum of:
      • Net of proceeds from the sale of capital assets and any gain or loss on the sale of capital assets (COBJ 3834)
      • Accumulated depreciation
      • Accumulated amortization
    8. Ending Balance column for each category of capital asset equals USAS capital asset GL and COBJ amounts
  3. Depreciation expense is recorded in USAS with COBJs 7936, 7937, 7938 and 7939.
  4. Amortization expense is recorded in USAS with COBJs 7877, 7878 and 7879.

Verify the balance is zero at the GAAP source/object level using the DR206 – Review Govt-Wide Basis Conversion report located in the FMQuery–SIRS AFR Desk Review menu for the following:

  1. The sum of capital outlay for all governmental fund types net to zero with the sum of capital outlay presented in basis conversion FT11.
  2. Proceeds from the sale of capital assets nets to zero between governmental fund types and FT11.

    Note: Depreciation and amortization will not tie to SPA for those agencies opting to use local calculation methods instead of SPA calculated values.

  3. Disclose the following information (as required by GASB 62, paragraph 22) in the CANSS web application with respect to interest costs for qualifying assets for business-type and component unit activities:
    • For a fiscal year in which no interest cost is capitalized, disclose the amount of interest costs incurred and charged to expense during the fiscal year.
    • For a fiscal year in which some interest cost is capitalized, disclose the total amount of interest costs incurred during the fiscal year and the amount thereof that has been capitalized.
  4. Disclose the following information (as required by GASB 62, paragraph 280) for non-monetary transactions that occurred during the fiscal year in the Other Text box of the CANSS web application:
    • Nature of the non-monetary transactions (include a breakdown by capital asset type)
    • Basis of accounting for the assets exchanged

      –AND–

    • Gains or losses recognized on those exchanges
  5. Universities that do not report to SPA are required to submit the fiscal year-end External Agencies Transfers In and Out (excel) file through the CANSS web application.

Note 3 – Deposits, Investments & Repurchase Agreements (Submitted Through the DINSS web application)

  1. If the agency has cash in bank or investments (current or non-current), Note 3 is required.
  2. Cash in bank per the AFR balance sheet/statement of net position agrees to the cash in bank carrying amount disclosed in Note 3 with separate disclosure for discrete component units (if applicable).
  3. For cash in bank, report the total bank balance and the carrying amount in Note 3.
  4. Verify that the investment portion of Note 3 includes the fair value in total and by level of input (as required by GASB 72).
  5. Verify the total of current and non-current investments per the AFR balance sheet/statement of net position agree to the total of the investments table in Note 3 with separate disclosure for discrete component units, if applicable.
  6. If there are investments to which GASB 31 applies, include a line item on the statement of revenues, expenses and changes in fund balance titled net increase/decrease in fair value of investments for all fund types.
  7. The following must be entered in DINSS in addition to being disclosed in the AFR Note 3:
    1. Cash in bank carry amount
    2. Cash in bank balance
    3. Deposit custodial credit risk
    4. Deposit foreign currency risk
    5. Investment fair value in total and by level of input (as required by GASB 72)
    6. Investment custodial credit risk
    7. Investment foreign currency risk
    8. Investment credit risk S&P
    9. Investment securities lending collateral pool fair value in total and by level of input (as required by GASB 72)
    10. Investments recorded at net asset value summarized by strategy with associated redemption period, redemption frequency and unfunded commitments (as required by GASB 72).
  8. After reconciling Note 3 to the respective data entered in DINSS, submit a copy of the agency’s Note 3 from its published AFR through the DINSS 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 3 does not apply, do not submit a note to indicate “not applicable.”

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

  1. Include the purpose for the short-term debt.
  2. Include a separate table for component units (if applicable) in the same format as the Note 4 Sample table shown for governmental activities.
  3. 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.”

Note 5 – Long-Term Liabilities (Submitted through the LTLN web application)

  1. Verify each line item of LTLN (for example, loans and notes payable) ties to the AFR balance sheet/statement of net position. Changes in debt balances are presented.
  2. Verify debt service requirements for notes payable are presented for five years, and five-year increments thereafter, for both principal and interest amounts.
  3. Verify the principal amount for the first year of the debt service notes payable and capital lease obligations (as disclosed in Note 8) is equal to the amount due within one year for the notes payable and capital lease obligations categories.
  4. Ensure text includes description of claims & judgments, pollution remediation obligations, notes and loans payable (or any other category if applicable) to support required disclosure.
  5. Ensure that all long-term liabilities are split between due within one year and due in more than one year.
  6. Submit a copy of the agency’s applicable note from its published AFR through the LTLN 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 any note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 6 – Bonded Indebtedness (Submitted through both BRS web application and AFR closing package)

  1. Note 6 is required if the agency has bonds payable.
  2. Primary bond information is collected through BRS and must agree with information reported in Note 6 and in the following support schedules:
  3. Verify BRS is certified.
  4. List bonds separately by individual series with a description of each outstanding issue.
  5. Verify the bonds outstanding amount reconciles to the bonds payable for general obligation bonds and revenue bonds per the statement of net position, balance sheet, Schedule 2B, BRS and USAS.
  6. The following are required as they relate to the agency:
    1. Debt service requirements (principal and interest payments) must be in agreement for each of the five fiscal years following the current fiscal year and in five-year increments reported thereafter until maturity.
    2. Report governmental activity bond refundings in their entirety in the agency’s operating statement and Note 6.
    3. Report advance refunding of bonds during the reporting period and disclose the difference between cash flows of old and new debt and the economic gain/(loss) resulting from the refunding
    4. Disclose general obligation bonds authorized (but unissued) at fiscal year-end.
    5. Disclose pledged future revenues for all bond issues for which one or more agency revenue streams are pledged.
    6. Report demand bond outstanding balances and all related letters of credit, standby purchase agreements, takeout agreements or other reacquisition provisions.
    7. Disclose interest rate swaps and their estimated effect on future fiscal years debt service.
    8. GASB 65 no longer nets gain/loss on bond refunding against bonds payable. Report unamortized gain/loss balances as deferred inflows of resources or deferred outflows of resources.
  7. Upload all applicable schedules and submit a copy of the agency’s Note 6 from its published AFR through the BRS web application. All schedules must be submitted in the Microsoft Excel format. The required note format is a Microsoft Word document (latest version: docx) with header information that includes: agency name/number and note number/name. If the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file.

Note: Constitutional appropriation bonds are identified as general obligation bonds.

Note 7 – Derivative Instruments (Submitted through the ONDSS web application)

  1. Note 7 is required if the agency has investment and/or hedging derivative instruments.
  2. All derivative instruments on the summary of derivative activity table must be aggregated by type (for example, receive-fixed or pay-fixed interest rate swaps, basis swaps, futures contracts) within each of the two categories, hedging and investment derivative instruments.
  3. The summary of derivative activity table must include the following aggregated by type:
    1. Notional amount
    2. Changes in fair value during the reporting period and the classification on the financial statements where those changes in fair value are reported
    3. Fair values as of the end of the fiscal year and the classification on the financial statements where those fair values are reported
    4. Fair values of derivative instruments reclassified from a hedging derivative instrument to an investment derivative instrument
  4. For business-type activities and fiduciary funds, verify the total fair value in the summary of derivative activity table ties to USAS:
    1. Hedging derivative assets tie to the following GL accounts:
      • 0170 – CA Hedging Derivative Instrument Assets
      • 0481 – NC Hedging Derivative Instrument Assets
    2. Hedging derivative liabilities tie to the following GL accounts:
      • 1143 – CA Hedging Derivative Instrument Liabilities
      • 1471 – NC Hedging Derivative Instrument Liabilities
    3. Investment derivative instruments tie to the following GL accounts:
      • 0059 – CA ST Inv – Derivative Instruments
      • 0105 – NC Inv – Derivative Instruments
  5. For governmental activities, verify the total fair value in the summary of derivative activity table ties to USAS:
    1. Hedging derivative assets tie to the following GL accounts:
      • 0570 – BC CA Hedging Derivative Instrument Assets
      • 0781 – BC NC Hedging Derivative Instrument Assets
    2. Hedging derivative liabilities tie to the following GL accounts:
      • 1543 – BC CA Hedging Derivative Instrument Liabilities
      • 1971 – BC NC Hedging Derivative Instrument Liabilities
    3. Investment derivative instruments tie to the following GL accounts:
      • 0559 – BC CA Inv – Derivative Instruments
      • 0705 – BC NC Inv – Derivative Instruments
  6. Verify the ineffective hedging derivatives that were reclassified to investment derivatives in the DINSS web application are marked as such.
  7. Verify the disclosures for the deferral amount reported within the investment revenue for the reclassification of investment derivatives. Disclosures are also required for the following:
    1. Fair Value Measurement:
      • Market Approach
      • Cost Approach
      • Income Approach
    2. Fair Value Hierarchy:
      • Level 1
      • Level 2
      • Level 3
  8. Submit a copy of the agency’s Note 7 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 7 contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. If Note 7 does not apply, do not submit a note to indicate “not applicable.”

Note 8 – Leases

  1. Present value of capital leases ties to capital lease obligation amount on balance sheet/statement of net position. Future minimum lease payments are presented for five fiscal years and five-year increments thereafter for both principal and interest amounts.
    1. Debt service information is submitted through the LNSS web application in the Capital Lease Debt Service left navigation menus.
    2. Provide a listing of capital assets under lease by major assets class and accumulated depreciation in total, for any fund type with a capital lease obligation greater than zero.
  2. For operating lease obligations, disclose:
    1. General leasing arrangements
    2. Current year costs reported in the financial statements for rents paid or due under operating leases
    3. Minimum future noncancelable sublease rentals
    4. Minimum future lease payments for noncancelable leases of more than one year for each of the next five fiscal years and five-year increments thereafter
    5. Total contingent rental payments for the fiscal year
  3. For operating lease rentals, disclose:
    1. General leasing arrangements
    2. Cost and carrying amount of leased assets by major assets class and accumulated depreciation in total
    3. Minimum future lease rentals for noncancelable leases of more than one year for each of the next five fiscal years and thereafter in five-year increments
    4. Total contingent rentals for the fiscal year
    5. Total current year income
  4. Submit a copy of the agency’s applicable note from its published AFR through the LNSS 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 any note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 9 – Defined Benefit Pension Plans and Defined Contribution Plan

  1. Agencies issuing an independent audited AFR are required to prepare Note 9 in compliance with GASB 68, GASB 73 and GASB 82. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”
  2. Agencies that administer pension plans (ERS, TRS and TESRS) are required to prepare Note 9 in compliance with GASB 67 and provide GASB 68, GASB 73 and GASB 82 information separately to the Comptroller’s Financial Reporting Section submitted via email to frs@cpa.texas.gov.
  3. University system offices and independent universities that administer the Optional Retirement Program (ORP) must disclose the amounts contributed by members and by the employer for the program.

Note 10 – Deferred Compensation (Submitted through the ONDSS web application)

  1. Only agencies that administer deferred compensation plans (UT, A&M and ERS) are required to prepare Note 10, disclosing information such as plan description, legal basis for the plan, provisions for the plan balances and the state’s liability.
  2. Submit a copy of the agency’s Note 10 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 10 does not apply, do not submit a note to indicate “not applicable.”

Note 11 – Postemployment Benefits Other Than Pensions (UT, A&M, ERS and TRS only)

  1. Only agencies that administer post-employment health care and life insurance benefits (ERS, TRS, UT and A&M) are required to prepare Note 11 in compliance with GASB 45 and GASB 74.
  2. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 12 – Interfund Balances/Activities

  1. Note 12 is required for interfund receivables (GL 0279)/payables (GL 1049).
  2. Interfund receivables (GL 0279) and interfund payables (GL 1049) balances per Note 12 tie to balance sheet/statement of net position.
  3. Interfund receivables and interfund payables include agency and fund information in Note 12.
  4. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 13 – Continuance Subject to Review

  1. Note 13 is required if the agency is subject to the Texas Sunset Act or there is substantial doubt of the agency’s ability to continue as a going concern.
  2. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 14 – Adjustments to Fund Balance/Net Position (Submitted through the RNSS web application)

  1. Note 14 is required if the agency has a restatement on the financial statements.
  2. Ensure the note clearly states the reason and amount for each restatement. This is extremely important for general revenue (fund 0001) restatements made for prior year appropriation activity.

    Note: This information is used in the formula for determining if the agency has correctly stated legislative appropriations on the financial statements.

  3. Ensure the restatement amount in USAS equals the restatement amounts in all of the applicable web applications.
  4. Submit a copy of the agency’s Note 14 from its published AFR through the RNSS 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 14 contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. If Note 14 does not apply, do not submit a note to indicate “not applicable.”

Note 15 – Contingencies and Commitments

  1. Note 15 is required if agency has material disclosures for contingent liabilities.
  2. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 16 – Subsequent Events

  1. Note 16 is required if the agency has subsequent events.
  2. If required, submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 17 – Risk Management

  1. Disclose types of risk, how the risk is handled, insurance coverage, participation in a risk pool and the risk retained (if applicable).
  2. If applicable, submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 18 – Management’s Discussion and Analysis

  1. Disclose that material changes in net position, revenues and expenses, etc. (if any).
  2. Include descriptions of currently known facts, conditions or decisions that could affect the availability of fund resources.
  3. Include descriptions of significant capital asset and long-term liability activity including:
    • Commitments made for capital expenditures
    • Changes in credit ratings and debt limitations that may affect financing of planned activities
  4. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 19 – The Financial Reporting Entity (Submitted through the CURO web application)

  1. Disclose information about component units, related organizations, joint ventures, jointly governed organizations and related parties as they relate to the agency.
  2. Submit a copy of the agency’s Note 19 from its published AFR through the CURO 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 19 does not apply, do not submit a note to indicate “not applicable.”

Note 20 – Stewardship, Compliance & Accountability

  1. Disclose items such as deficit fund balances/net position, material violations of finance-related legal or contractual provisions and changes in accounting principles (this list is not all-inclusive).
  2. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 22 – Donor Restricted Endowments

  1. Note 22 is required if the agency has endowments restricted by a donor’s stipulation.
  2. Explain various from prior year-end for expendable and nonexpendable balances.
  3. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 23 – Extraordinary and Special Items

  1. Disclose any special and/or extraordinary items regardless of the amount.
  2. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 24 – Disaggregation of Receivable and Payable Balances (Submitted through the ONDSS web application)

  1. Disclose any receivable or payable balances that may be obscured by aggregation in their reporting on the face of the financial statements.
  2. Disclose if there are significant receivable balances not expected to be collected within the next fiscal year.

    Review current or non-current receivables or payables amounts with the FMQuery–SIRS AFR Desk Review and running the reports listed below located in the Balance Sheet drop-down menu:

    • DR103 — Review Other Receivables (BS,SNA-8580)
    • DR105 — Review Other Payables (BS,SNA-8580)
  3. Submit a copy of the agency’s Note 24 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 24 contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. If Note 24 does not apply, do not submit a note to indicate “not applicable.”

Note 25 – Termination Benefits

  1. Disclose information regarding the liabilities and expenses that result from voluntary and involuntary terminations (such as cash payments, healthcare coverage, career counseling and outplacement services).
  2. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 26 – Segment Information

  1. Disclose segment information for enterprise funds (if applicable).
  2. If applicable, submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 27 – Service Concession Arrangements

  1. Disclose the following information for service concession arrangements (if applicable):
    1. A general description of the arrangement in effect during the reporting period (including management’s objectives for entering into it) and the status of the project during the construction period (if applicable).
    2. The nature and amounts of assets, liabilities and deferred inflows of resources related to a service concession arrangement that is recognized in the financial statements.
    3. The nature and extent of rights retained by the transferor or granted to the governmental operator under the arrangement.
    4. If applicable, submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

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

  1. Disclose deferred outflows of resources and deferred inflows of resources related to the following (if applicable).
  2. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 29 – Troubled Debt Restructuring

  1. Disclose troubled debt restructuring information (if applicable).
  2. If applicable, submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 30 – Non-Exchange Financial Guarantees

  1. Disclose non-exchange financial guarantees (if applicable).
  2. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 31 – Tax Abatements

  1. Disclose tax abatements that reduce the reporting agency’s tax revenues.
  2. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”

Note 32 – Fund Balances

  1. Explain why (cite the covenant, provision, federal requirement or court order) any governmental fund is classified as anything other than its default fund classification.
  2. Submit a copy of the agency’s applicable note 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 the note contains a table, include the table in the Word document — rather than as a separate Excel document or other database application file. Do not submit a note to indicate “not applicable.”
Glenn Hegar
Texas Comptroller of Public Accounts
Questions? Contact statewide.accounting@cpa.texas.gov
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