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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

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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 16 – Subsequent Events

  1. Note 16 is required if the agency has subsequent events.
  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.”

Post-period Subsequent Events

Post-period subsequent event information can only be submitted from Jan. 1 through Jan. 14.

  1. A disclosure is required if the agency has post-period subsequent events.

    If applicable, submit a copy of the agency’s applicable note 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.

  2. If not applicable, indicate that no further disclosure is applicable through the ONDSS web application.

For more information, see Post-period Subsequent Events in the Instructions for the ONDSS Web Application.