Texas Facilities Commission Annual Financial Report: 2014 Page: 18
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Texas Facilities Commission (Agency 303)
UNAUDITED
NOTE 3: DEPOSITS, INVESTMENTS & REPURCHASE AGREEMENTS
All funds carried as Cash in Bank are demand deposits. This agency has no investments or repurchase
agreements and there were no known significant violations of legal provisions.
Deposits of Cash in Bank
As of August 31, 2014, the carrying amount of deposits was $5,000 as presented below.
Governmental Activities
CASH IN BANK-CARRYING VALUE $ 5,000.00
Cash in Bank per AFR $ 5,000.00
Governmental Funds Current Assets Cash in Bank $ 5,000.00
Cash in Bank per AFR $ 5,000.00
NOTE 4: SHORT-TERM DEBT
Not Applicable
NOTE 5: LONG-TERM LIABILITIES
Changes in Long-Term Liabilities
During the year ended August 31, 2014, the following changes occurred in liabilities.
Balance: Other Balance Amounts Due
Governmental Activities 9/ Additions Reductions Changes 831/2014 Within One Year
Compensable Leave -
TFC 1,315,841.95 1,385,192.44 (1,188,603.14) - 1,512,431.25 871,533.18
Pollution Remediation
Obligation 156,404.80 156,177.46 (214,623.48) - 97,958.78 97,958.78
Total Governmental
Activities $1,472,246.75 $1,541,369.90 $ 1,403,226.62 $ - $1,610,390.03 $ 969,491.96
Business-Type Balance Additions Reductions Other Balance Amounts Due
Activities 9/1/2013 Changes 831/2014 Within One Year
Compensable Leave - TFC $ 54,913.41 $ 46,058.59 $ 38,855.79 $ - $ 62,116.21 $ 34,332.07
Total Business-Type
Activities $ 54,913.41 $ 46,058.59 $ (38,855.79) $ - $ 62,116.21 $ 34,332.07
Employees' Compensable Leave
A state employee is entitled to be paid for all unused vacation time accrued in the event of the employee's
resignation, dismissal, or separation from State employment, provided the employee has had continuous
employment with the State for six months. Expenditures for accumulated annual leave balances are
recognized in the period paid or taken in governmental fund types. For these fund types, the liability for
unpaid benefits is recorded in the Statement of Net Position. Both an expense and a liability for business-
type activities are recorded in the proprietary funds as the benefits accrue to employees. No liability is
recorded for non-vesting accumulating rights to receive sick pay benefits. This obligation is usually paid
from the same funding source(s) from which the employee's salary or wage compensation was paid.18
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Texas Facilities Commission. Texas Facilities Commission Annual Financial Report: 2014, report, Autumn 2014; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth639909/m1/23/: accessed May 1, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.