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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

Universities

Financial Statements

Universities present financial information for all funds aggregated in a single column as business-type activities.

Component units meeting the criteria for discrete presentation and qualified fiduciary funds are reported separately from primary government (agency) activity. Blended component unit activity is combined within the primary government (agency) column. For more information, see Component Units and Fiduciary Funds.

Universities present the three financial statements required of proprietary fund types:

For more information on using the SOCF web application, see Instructions for the SOCF Web Application.