Texas Comptroller of Public Accounts
| Legal Citations: |
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| Revenue Type: Cash — Other Revenue |
| Origin Date: 2006 |
| Issue Date: 2006-05-01 |
| Revised Date: 2026-05-06 |
To record insurance recoveries when the loss associated with the recovery was an extraordinary item. Guidance in GASB Statement #42 states that insurance recoveries are netted with the loss when they occur in the same year. If realized in the subsequent year an insurance recovery for a loss previously reported as an extraordinary item would also be reported as an extraordinary item.
The appropriate agency or institution of higher education
The appropriate fund or account
| Appropriation Year | 26 |
|---|---|
| USAS Title | INSURANCE RECOVERY - EXTRAORDINARY |
| Receipt Category | 14 – Other |
| Receipt Type | 90 – Other Receipts |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 05 – OTHER REVENUE |