Texas Military Department Annual Financial Report: 2014 Page: 11
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UNAUDITED
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Employees' Compensable Leave Balances
Employees' Compensable Leave Balances represent the liability that become due upon the
occurrence of relevant events such as resignations, retirements, and uses of leave balances by
covered employees. Liabilities are reported separately as either current or noncurrent in the
statement of net assets.
Bonds Payable-Revenue Bonds
The un-matured principal and interest of revenue bonds is accounted for in the Long-Term
Liabilities Adjustment column. Payables are reported separately as either current or non-current
in the statement of net assets.
Bonds payable are recorded at par. The bond proceeds are accounted for as an "Other Financing 0
Source" in the governmental funds when received and expenditures for payment of principal and
interest are recorded in Debt Service funds when paid.
These amounts are adjusted in the Long-Term Liabilities Adjustment column.
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FUND BALANCE/NET ASSETS
The difference between fund assets and liabilities in "Net Assets" on the government-wide fund
statements and the 'Fund Balance' is the difference between fund assets and liabilities on the
governmental funds statements.
Reservation of Fund Balance
Fund balances for governmental funds are classified as either reserved or unreserved in the fund
financial statements. Reservations are legally restricted to as specific future use or not available
for expenditure.
Reserved for Encumbrances
This represents commitments of the value of contracts awarded or assets ordered prior to year-
end but not received as of that date. Encumbrances are not included with expenditures or liabilities.
They represent current resources designated for specific expenditures in subsequent operating
periods.
Reserved for Inventories
This represents the amount of warehouse supplies to be used in future fiscal years.
Reserved for Debt Service
This represents the balance in the debt service fund.
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Unreserved/Designated
This represents the pledged funds available in the revenue fund to be used for current operations
and, if necessary, debt service. The funds available in the capital projects fund represent the bond
proceeds will be used for capital projects.
Unreserved/Undesignated
This represents the unappropriated balance at year-end.
Invested in Capital Assets, Net Of Related Debt
Invested in capital assets, net of related debt consists of capital assets, net of accumulated
depreciation and reduced by outstanding balances for bond, notes, and other debt that areattributed to the acquisition, construction, or improvements of those assets.
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110
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Texas Military Department. Texas Military Department Annual Financial Report: 2014, report, Autumn 2014; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth653605/m1/20/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.