It is the responsibility of the State Auditor’s Office to present loans receivable in the State’s Comprehensive Annual Financial Report in accordance with generally accepted accounting principles.
Loans Receivables are asset accounts used to record long-term loans from one fund to an entity outside the State’s reporting entity. This should not be confused with advances to other funds.
LOANS RECEIVABLE TO REPORT?
For any Loans Receivable, please complete the “Loans FY20” tab, “Customer Detail-FY20” tab, and “New Loan Commitments-FY20” tab in this workbook and return it to the CAFR Division by July 15th. When completing these tabs please be thorough, as the information submitted will be audited.
If you do not have any Loans Receivable to report please indicate so on the N/A Survey by July 15th.
Thank you for your assistance in the production of the State’s Comprehensive Annual Financial Report. If there are any questions, please contact the CAFR Group at (307) 777-2460 or by e-mail at email@example.com .