Texas State Board of Dental Examiners Annual Financial Report: 2019 Page: 11
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UNAUDITED
TEXAS STATE BOARD OF DENTAL EXAMINERS (504)
NOTES TO THE FINANCIAL STATEMENTS
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. ENTITY
The Texas State Board of Dental Examiners was established in 1905. The Board operates under the
authority of Texas Occupations Code, Chapter 251 et. seq. (Vernon Supp. 2000) to safeguard the dental
health of Texans. The Board regulates licensure and certification of dentists, dental hygenists, dental assistants
who take radiographs and dental laboratories.
The Texas State Board of Dental Examiners is an agency of the State of Texas and its financial
records comply with state statutes and regulations. This includes compliance with the State Comptroller of
Public Accounts' Reporting Requirements of State Agencies.
Due to the significant changes related to Governmental Accounting Standards Board Statement No. 34,
Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Governments,
the Comptroller of Public Accounts does not require the accompanying financial report to be in compliance
with generally accepted accounting principles (GAAP). The financial report will be considered for audit by the
State Auditor as part of the State of Texas Comprehensive Annual Financial Report; therefore, an opinion has
not been expressed on the financial statements and related information contained in this report.
Blended Component Units
No component units have been identified which should have been blended into an appropriate
fund.
B. FUND STRUCTURE
The accompanying financial statements are presented on the basis of funds and account
groups, each of which is considered a separate accounting entity.
GOVERNMENTAL FUND TYPES & GOVERNMENT-WIDE ADJUSTMENT FUND TYPES
General Revenue Fund
The general revenue fund (fund 0001) is used to account for all financial resources of the state except those
required to be accounted for in another fund.
Capital Asset Adjustment Fund Type
Capital Asset Adjustment Fund Type will be used to convert governmental fund types'
capital assets from modified accrual to full accrual.
Long-Term Liabilities Adjustment Fund Type
Long-Term Liabilities Adjustment Fund Type will be used to convert governmental fund
types' debt from modified accrual to full accrual.
FIDUCIARY FUND TYPES
Agency Funds
Agency funds are used to account for assets the government holds on behalf of others
in a purely custodial capacity. Agency funds involve only the receipt, temporary investment,
and remittance of fiduciary resources to individuals, private organizations, or other
governments.11
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Texas State Board of Dental Examiners. Texas State Board of Dental Examiners Annual Financial Report: 2019, report, 2019; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1364813/m1/17/: accessed July 9, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.