2012 Component Unit Survey

An objective of Government Accounting Standards Board (GASB) Statement No. 14, The Financial Reporting Entity, is that all entities associated with a primary government (PG) are potential component units (PCUs) and should be evaluated for inclusion in the financial reporting entity.

GASB 39 amends GASB 14 to provide additional guidance for determining if certain organizations for which the PG is not financially accountable should be reported as component units (CUs) based on the nature and significance of their relationship with the PG. Generally, it requires reporting as a CU — an organization that raises and holds economic resources for the direct benefit of a governmental unit.

All agencies must submit the Component Unit Survey for newly identified or changes to existing component units by Aug. 15. The questions were developed using GASB Statement No. 14, The Financial Reporting Entity, as amended by GASB Statement No. 34, Determining Whether Certain Organizations Are Component Units — an amendment of GASB Statement No. 14.

Contact your financial reporting analyst if you have questions about this survey.

Completing the Survey

Note: After you click the Next button, your answers cannot be changed; therefore, do not use your Web browser’s Back button to navigate within the survey.

If you need to change an answer after you have clicked the Next button:

1. Click the Exit this Survey link at the top-right of the page.
2. Restart the survey from the Tools, GASB Questionnaires page of the Reporting Requirements website.