FMX Home
Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Introduction

Governmental Accounting Standards Board (GASB)
GASB Questionnaires

All simplified and full reporting agencies are required to complete and submit every GASB Questionnaire each fiscal year.

All of the following GASB Questionnaires are due on or before Aug. 15, 2017:

  • GASB 14/39 Component Unit (Questionnaire | PDF Preview)

    GASB 14/39 establishes accounting and financial reporting standards for agencies with new potential component units or changes to existing component units. All agencies are required to submit the 2017 GASB 14/39 Questionnaire (even if your agency has no component units). For more information, see Component Units.

  • GASB 49 Pollution Remediation Obligations (Questionnaire | PDF Preview)

    GASB 49 establishes accounting and financial reporting standards for pollution remediation obligations. When an agency knows or suspects pollution may exist at a site, the agency must take steps to determine whether an obligating event occurred that requires accounting for a pollution remediation obligation. All agencies are required to complete the 2017 GASB 49 Questionnaire (even if your agency has no pollution remediation). For more information, see Pollution Remediation Obligations.

  • GASB 60 Service Concession Arrangements (Questionnaire | PDF Preview)

    GASB 60 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 2017 GASB 60 Questionnaire. For more information, see Service Concession Arrangements.

  • GASB 62 Codification of Accounting (Questionnaire | PDF Preview)

    Each agency is responsible for ensuring proper accounting and reporting of the activities under GASB 62 such as:

    • Debtor and creditor for a troubled debt restructuring
    • Foreign currency transactions
    • Investments in common stock
    • Research and development (R&D) arrangements
    • Broadcasters
    • Cable television system operators
    • Insurance entities (other than public entity risk pools)
    • Lending activities
    • Mortgage banking activity

    Agencies must analyze their operations for these items at least annually. All agencies are required to complete the GASB 62 Questionnaire. For more information, see Service Concession Arrangements.

  • GASB 69 Government Combinations and Disposals of Government Operations (Questionnaire | PDF Preview)

    GABS 69 relates to the accounting and financial reporting of government combinations and disposals of government operations (such as government mergers, government acquisitions, transfers of operations and disposals of government operations). All agencies are required to the GASB 69 Questionnaire. For more information, see Government Combinations and Disposals of Government Operations.

  • GASB 70 Non-exchange Financial Guarantees (Questionnaire | PDF Preview)

    GASB 70 relates to accounting and financial reporting of 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 the GASB 70 Questionnaire. For more information, see Non-exchange Financial Guarantees.

  • GASB 77 Tax Abatement (Questionnaire | PDF Preview)

    GASB 77 establishes disclosure requirements for tax abatement agreements entered into by agencies, component units, universities and other governments. All agencies are required to complete GASB 77 Tax Abatement Questionnaire. For more information, see Tax Abatements.

    Prior to taking the questionnaire, be prepared with the following information:

    • List of tax abatement programs under GASB 77 (including the agency’s component units)
    • Individuals or entities receiving the tax abatements
    • Period(s) of all tax abatement agreement(s)
Glenn Hegar
Texas Comptroller of Public Accounts
Questions? Contact statewide.accounting@cpa.texas.gov
Comptroller.Texas.Gov | FMX
FMX Sitemap | Contact FM
Accessibility Policy | Privacy and Security Policy