The Government Accounting Standards Board (GASB) requires certain disclosures related to debt transactions and derivative instruments. Therefore, when an agency enters into short and long-term financing arrangements, lease contracts/agreements, and/or derivative instruments the agency must provide proper and timely documentation to the Office of Financial Reporting in support of each transaction. Agency personnel or their representative should understand the complete transaction in order to make the necessary GAAP entries and disclosures for inclusion in the State’s Annual Comprehensive Financial Report. OFR has developed the questionnaire below to capture debt activity executed by each agency.

 

This questionnaire is due July 25, 2023.
 
1. Has the agency entered into any financing arrangements (e.g. Mississippi Development Bank financing, notes payable, certificates of participation, Master Lease Purchase agreements, lines of credit, commercial paper,etc.) after June 30, 2023 , other than general obligation debt issued by the State Bond Commission?
If yes, please provide the following for each agreement.
Variable Rate?
One file only.
512 MB limit.
Allowed types: pdf.
2. Has the agency entered into any interest rate swap agreements or other types of derivative instruments (e.g. commodity swaps, interest rate locks, options - caps - floors - collars, swaptions, forward contracts and futures contracts) after June 30, 2023 , which are not associated with general obligation debt issued by the State Bond Commission?
3. Are loan guarantees by the agency in effect?
If yes, provide the following for each loan guarantee. 
One file only.
512 MB limit.
Allowed types: pdf.

Remember to print before submitting.

4. Has the agency entered into any contracts that convey the right to use another entity's non financial asset?
One file only.
2 MB limit.
Allowed types: pdf.