YEAR-END REPORT NO. 4, STATEMENT OF REVENUE - 7956

The Year-End Report No. 4, Statement of Revenue, presents a reconciliation of current year revenue recorded by the agency/department with revenue recorded in the accounts maintained by the State Controller’s Office (SCO) as of June 30. Agencies/Departments must submit a current year Report No. 4 to the SCO for Governmental Cost Funds and Bond Funds.

Report No. 4 displays the balances of subsidiary revenue accounts after the applicable posting of revenue accruals and adjustments. See SAM Section 8210 for the state’s revenue recognition policy. Examples of revenue accruals and adjustments include:

1. Adjustments for dishonored checks and cash shortages.
2. Revenue items cleared during July representing cash received and earned on or before June 30.
3. July apportionment of Surplus Money Investment Fund earnings.
4. Accrual of interest earned on investments in securities.

A sample of Report No. 4 is shown in the 7956 Illustration.