RD318 - Report of Off-Balance Sheet Financial Obligations as of June 30, 2017
During the 2007 General Assembly Session, legislation was passed (Code of Virginia, §2.2-813.2) requiring the State Comptroller to report off-balance sheet financial obligations of the Commonwealth. For purposes of this report, the balance sheet is defined as the Comprehensive Annual Financial Report (CAFR). The CAFR is prepared in accordance with Generally Accepted Accounting Principles (GAAP) and includes both financial statements and notes to the financial statements, both of which contain information concerning the Commonwealth’s financial obligations. The CAFR is available on the Department of Account’s webpage at http://www.doa.virginia.gov/reports.shtml#CAFR. The CAFR amounts reflected below include state agencies, institutions and component units. The component unit amounts exclude Higher Education foundations.