State of Connecticut Accounting Manual - YEAR-END PROCEDURES AND FINANCIAL REPORTING GAAP REPORTING FORM - LEASES - STATE AS LESSOR

STATE OF CONNECTICUT
OFFICE OF THE COMPTROLLER
GAAP REPORTING FORM
LEASES - STATE AS LESSOR
FOR THE FISCAL YEAR ENDED JUNE 30, 1994

GAAP Form No.6

Generally Accepted Accounting Principles (GAAP) require certain disclosures in the notes to the financial statements with regard to lease transactions, where the State is the lessor (one who leases property to another party). This form applies to every non-cancelable operating lease outstanding at June 30 for which the total amount of lease revenue (column No. 3) to be collected over the remaining term of the lease is greater than or equal to $100,000.

If your agency has entered into any such lease agreements, please complete columns 1-4 of GAAP Form No. 6 as follows:

  1. Enter description of item(s) being leased.

    Note: If your agency has many outstanding leases, report them using the following categories, as applicable:

    1. ) land,
    2. ) buildings - includes office space in buildings, and
    3. ) equipment.
  2. Enter both the beginning and ending dates of the lease term (e.g. 7/89 to 8/95).
  3. Enter amounts of minimum lease revenues to be collected in the next five years and any additional revenues beyond those five years.

    Note: The ending date of the lease will determine how many columns are used.

  4. Enter amount of contingent rentals actually collected during the fiscal year ended June 30, 1994, if any.

    Note: A contingent rental is a rental usually based on a percentage of the lessee's gross revenues. These rental revenues are variable and are usually paid in addition to any minimum lease revenues.

If your agency does not have any lease arrangements as described above, please check "form not applicable" on GAAP Forms Control Sheet.

ACCOUNTING MANUAL 10-29 MAY 1994
Notes: GAAP Form No. 6 
1. Read the instructions before completing this form. 
2. Round off to whole numbers.
State of Connecticut
Office of the Comptroller
GAAP Reporting Form -
Cash in Bank
For the Fiscal Year Ended June 30, 1994
1 2 3 4
    Future Minimum Revenue from Leases  


Item Being Leased		 Beginning and
Ending Dates
Of Lease
FY1995
FY1996
FY1997
FY1998
FY1999
Thereafter
Total		 Contigent
Rentals
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Totals  
Agency Name_____________________________Agency #__________ Reminder This form is due on September 2, 1994. Prepared by______________________________Date______________ When completed, return it with the (signature and title) GAAP Forms Control Sheet. Reviewed by____________________________Date_______________ (signature and title) Agency Telephone #_________________________________________
ACCOUNTING MANUAL 10-30 MAY 1994

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