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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Universities

Organization of AFRs for University Systems, Component Universities & Independent Universities
Attachment of Each Component’s Exhibits and Schedules in the System’s Consolidated Report

In a separately bound report, university systems may include the following exhibits and schedules for each university component required to be included in their consolidated report. These must be submitted by the Nov. 20 deadline.

  • Statement of Net Position (Exhibit III [Excel] – required format)
  • Statement of Revenues, Expenses, and Changes in Net Position (Exhibit IV [Excel] – Required Format)
  • Statement of Cash Flows – (Exhibit V [Excel] – required format) (The Direct Method must be used when preparing a Cash Flow Statement)
  • Combining Statement of Net Position – Discretely Presented Component Units (Exhibit K-1 [Excel], if applicable)
  • Combining Statement of Revenues, Expenses and Changes in Net Position – Discretely Presented Component Units (Exhibit K-2 [Excel], if applicable)
  • Notes to the Financial Statements (including Summary of Significant Accounting Policies) See Notes and Samples
  • Schedule 1A – Schedule of Expenditures of Federal Awards (submitted through the SEFA web application)
  • Schedule 1B – Schedule of State Grant Pass-Throughs From/To State Agencies (submitted through the SPTR web application)
  • Schedule 2A – Miscellaneous Bond Information (if applicable)
  • Schedule 2B – Statement of Changes in Bond Indebtedness (if applicable)
  • Schedule 2C – Debt Service Requirements – General Obligation and Revenue Bonds (if applicable)
  • Schedule 2D – Analysis of Funds Available for Debt Service – General Obligation and Revenue Bonds (if applicable)
  • Schedule 2E – Defeased Bonds Outstanding (if applicable)
  • Schedule 2F – Early Extinguishment and Refunding (if applicable)
  • Schedule 3 – Reconciliation of Cash in State Treasury (could also include cash and cash equivalents detail)
Glenn Hegar
Texas Comptroller of Public Accounts
Questions? Contact statewide.accounting@cpa.texas.gov
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