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 12 – Interfund Balances/Activities

1. Note 12 is required for interfund receivables (GL 0279) and payables (GL 1049).
2. Interfund receivables and interfund payables balances (per Note 12) tie to balance sheet/statement of net position. Interfund receivables and interfund payables must balance unless there is a difference in fiscal year between the agency and its blended component unit(s).
3. Disclose information on interfund balances and transfers, including the purpose of the interfund balances or transfers and each of the following:
   1. Amounts due from/transferred from other funds by individual major fund
   2. Nonmajor governmental funds in the aggregate
   3. Nonmajor enterprise funds in the aggregate
   4. Internal service funds in the aggregate
   5. Fiduciary fund type
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.”