Reporting Requirements for Annual Financial Reports of State Agencies and Universities
Agency Fiscal Year-End USAS Adjustments and AFR Checklist
Step 8 – Notes to the Financial Statements
Note 1 – Significant Accounting Polices (Submitted Through the ONDSS web application)
- Include descriptions of only the fund type and funds actually used by the agency. Also include a reference to component units, if applicable.
- 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.”