| | 1: | | Title: | | | | | Volume/Number: | | | | | Issuing Agency: | | | | | Description: | This report is meant to highlight the States financial activity for funds held by agencies outside the States Treasury during Fiscal Year 2021. Unlike the Annual Comprehensive Financial Report (ACFR), which presents revenues and expenditures on the basis of Generally Accepted Accounting Principles (GAAP), the Locally Held Funds Report uses the cash basis of accounting, recognizing revenues only when cash is deposited and expenditures only when liabilities are paid. | | | | Date Created: | 12-30-2021 | | | | Agency ID: | | | | | ISL ID: | 000000110150 Original UID: 217317 FIRST WORD: Locally | |
|
