Research


Scope and Content Note

The annual reports consist of computer generated forms prepared by the Office of the State Comptroller (based on adjusted data filed in previous years) and sent to the corporations for completion and return. The reports are generally structured in three parts: a financial section that includes a general fund balance sheet (with a description of assets, appropriations, liabilities, fund equities, etc.) and the results of operations and detail expenditures; a supplemental section that includes a statement of indebtedness (for purposes exempt from the constitutional debt limit), a list of bond issues, etc.; and a certification statement signed by the corporation's chief financial officer.