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 27 – Public-Public and Public-Private Partnerships, Service Concession Arrangements and Availability Payment Arrangements

1. Disclose the following information if the agency is a transferor in a public-private or public-public partnership (PPP), which may or may not include a service concession arrangement (SCA):
   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 is 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. Disclose the following information if the agency has an availability payment arrangement (APA) used to procure a capital asset or service:
   1. The general description of the APA arrangement
   2. The status of construction project
   3. The nature and amounts of APA-related assets and deferred outflows of resources in the financial statements
   4. The identification, duration and significant contract terms commitments associated with the APA arrangement, if any exist in the reporting period.
3. 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.”