Supplementary Information Overview

  • Required Supplementary Information (RSI)

    • Includes information preceding and following financial statements
    • Significant components:
    • Budgetary comparison reporting
    • Infrastructure information
    • Pension information

  • Budgetary Comparison Reporting

    • Required for general fund and major special revenue funds with an adopted annual budget
    • Must show:
    • Original budget
    • Final amended budget
    • Actual amounts
    • Optionally show variances between budget and actual, and differences between original and final amended budgets
    • Can use GAAP or budgetary formats; requires reconciliation to GAAP
    • Disclose excess of expenditures over appropriations in notes

  • Infrastructure Information

    • Modified approach assumes significant disclosures:
    • Assessed condition of infrastructure
    • Estimated annual maintenance costs for the past five years
    • Additional disclosures include:
    • Basis for condition measurement
    • Planned condition maintenance level

  • Pension Information

    • Present information for each of the 10 most recent fiscal years:
    • Sources of change in net pension liability (NPL)
    • Fiduciary net position (FNP) as a % of total pension liability (TPL)
    • NPL as a % of covered-employee payroll
    • Actuarially determined contributions and contributions amount
    • Disclose methods and assumptions for determining contributions
    • Annual money-weighted rate of return on investments for the past 10 years
    • Explanation of trends in reported amounts, including changes in benefit terms and assumptions

  • Optional Supplementary Information

    • May include:
    • Variance between originally adopted and final amended budget
    • Variance between final amended budget and actual
    • Combining statements for nonmajor funds