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Connecticut Green Bank FY 2021 Operating and Program Budget DRAFT Table of Contents Presented to the Board of Directors on June 26, 2020, Presented to B&O Committee on May 13, June 10 and June 16,

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What is a component unit of?

A component unit is a legally separate entity for which the primary government is financially accountable.

Who is required to file a component unit of?

The primary government is required to include information about component units in its financial statements.

How to fill out a component unit of?

A component unit is filled out by providing financial and operational information about the entity, following generally accepted accounting principles (GAAP).

What is the purpose of a component unit of?

The purpose of a component unit is to provide transparency and accountability regarding the finances and operations of a legally separate entity connected to the primary government.

What information must be reported on a component unit of?

Information such as financial statements, budget information, and other relevant financial and operational data must be reported on a component unit.