Skip to content
Breadcrumbs

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Note: To navigate this guide on a mobile device you must use the Table of Contents.

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 27 – Public-Public and Public-Private Partnerships

  1. Disclose the following information if the agency is a transferor in a public-private or public-public partnership (PPP):
    1. A general description of the PPP arrangement. This includes any variable payments not included in the PPP receivable for installment payments and status of construction projects.
    2. The nature and amounts of PPP-related assets and deferred inflows of resources that are recognized in the financial statements.
    3. The nature and extent of rights retained by the transferor or granted to the operator under the arrangement.
    4. The total amount of payments received for variable and other payments (for example, residual value guarantees, termination penalties) not included in the PPP receivable for installment payments.
    5. The discount rate(s) used for the determination of the receivable for installment payments.
    6. The identification, duration and significant contract terms of any guarantees and/or commitments associated with the PPP arrangement, if any exist in the reporting period.
  2. If applicable, 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 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.”