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 19 – The Financial Reporting Entity (Submitted through the CURO web application)
- Disclose information about component units, related organizations, joint ventures, jointly governed organizations and related parties as they relate to the agency and include (if applicable) the:
- Description of the component units
- Description of the relationship between component units and the primary agency or the state of Texas
- Explanation of the rationale for including individual component units in the agency’s AFR
- Description of how individual component units are reported (for example blended, discretely presented or as a fiduciary fund)
- Specifics on how to obtain the separately issued financial statements of the component units
- 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.”