Reporting Requirements for Annual Financial Reports of State Agencies and Universities
Master Lease Purchase Program
Enter assets acquired under the Master Lease Purchase Program (MLPP) into SPA using the capital lease acquisition method, if the asset meets the capitalization threshold.
Purchase of MLPP
|SPA Entries Made by Agencies using MLPP|
|Acquisition Method||08 (Other Debt Instruments)|
|Debt Finance Method||02 (MLPP)|
|Paid-Off Flag (Default Value)||N|
Reporting Assets Under MLPP Lease Obligation
Agencies report MLPP capital assets on their books.
|AFR Note 2||SPA Entries Made by Agencies|
|Agencies (In first year of MLPP only)
Show increase in additions column for related asset category.
|Paid-Off Flag – Stays the same N|
For financial reporting purposes, the MLPP is one of the methods the state uses to finance the capital projects. It is not included in Note 8 (Leases). For more information on fund financial statement accounting entries related to MLPP, see Master Lease Purchase Program.