Supplementary Information Overview

  • Required Supplementary Information (RSI)

    • Includes information preceding (MD&A) and following basic financial statements.
    • Key types of RSI:
    • Budgetary Comparison Reporting
    • Infrastructure Information
    • Pension Information

  • Budgetary Comparison Reporting

    • Required for general fund and each major special revenue fund with legally adopted annual budget.
    • Must show: original budget, final amended budget, actual amounts.
    • Variance computations are optional.
    • Must reconcile to GAAP and disclose excess of expenditures over appropriations in individual funds.

  • Infrastructure Information

    • Modified approach requires significant supplementary disclosures.
    • Must disclose:
    • Assessed condition of infrastructure
    • Estimated annual maintenance costs for the past five years
    • Additional disclosures: basis for condition measurement, planned condition level.

  • Pension Information

    • Required for the 10 most recent fiscal years.
    • Includes:
    • Changes in Net Pension Liability (NPL)
    • Pension plan's fiduciary net position (FNP) as a percentage of total pension liability (TPL)
    • NPL as a percentage of covered-employee payroll
    • Actuarially determined contributions and actual contributions
    • Important methods and assumptions for calculated contributions.
    • Annual money-weighted rate of return on investments for 10 years included.
    • Trends in supplementary schedule amounts should explain: changes in benefit terms, population, assumptions.

  • Optional Supplementary Information

    • Includes variances between budgets and actuals, and combining statements for nonmajor funds.