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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Financial Reporting

What’s New?

Complete the Following Governmental Accounting Standards Board (GASB) Questionnaires by Sept 1:

GASB 60

GASB Statement No. 60, Service Concession Arrangements, establishes accounting, reporting and disclosure guidance for both governmental transferors and governmental operators in Service Concession Arrangements (SCAs). These arrangements are a type of public-private or public-public partnership.

All agencies are required to complete the online 2016 Service Concession Arrangements Questionnaire by Sept. 1.

For more information, see Service Concession Arrangements on the Reporting Requirements website.

GASB 69

GASB Statement No. 69, Government Combinations and Disposals of Government Operations, provides guidance on accounting and financial reporting on the following types of government combinations and disposals of government operations:

  • Government mergers
  • Government acquisitions
  • Transfers of operations
  • Disposals of government operations

All agencies are required to complete the online 2016 Government Combinations and Disposals of Government Operations Questionnaire by Sept. 1.

For more information, see Government Combinations and Disposals of Government Operations on the Reporting Requirements website.

GASB 70

GASB Statement No. 70, Non-exchange Financial Guarantees, provides guidance on accounting and financial reporting for non-exchange financial guarantees. A state agency sometimes extends financial guarantees to other governments, non-governmental entities, or individuals as part of its mission to assist these parties within its jurisdictions.

All agencies are required to complete the online 2016 Non-exchange Financial Guarantees Questionnaire by Sept. 1.

For more information, see Non-exchange Financial Guarantees on the Reporting Requirements website.

AFR Update Webinar Recording Now Available

The recording of the AFR Update Webinar from July 7 is now available. The video segments available are:

  • Introduction
  • Overview, Highlights and Changes
  • USAS Fiscal Year-End Processes
  • GASB Update
  • Statement of Cash Flow
  • Deposit and Investments (DINSS)
  • GR Reconciliation
  • GASB Questionnaires
  • Lease Notes (LNSS)
  • Long-Term Liability (LTLN)
  • Helpful AFR Tips
  • Q&A and Closing Comments

You can view the recordings broken out by topic. No CPE credit is offered for viewing these recordings.

Glenn Hegar
Texas Comptroller of Public Accounts
Questions? Contact statewide.accounting@cpa.texas.gov
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