Annual Financial Reporting

All concession contracts require concessioners to submit an annual financial report, commonly referred to as the AFR. There are two report formats: a long form for larger concession contracts and a short form for smaller concession contracts. Both versions include a statement of income, balance sheet, detail of gross receipts and operational statistics.

Completing and Submitting an AFR

Concessioners must submit AFRs electronically by downloading and completing the AFR forms in Microsoft Excel. After completing the forms and any other supporting documents such as financial audits or reviews, concessioners should email the completed excel form and all supporting documents to AFR Submissions. (Please send only AFR forms, CPA Opinion Letters, Financial Notes, and related AFR questions to this email address. There is no guarantee that any other documents (i.e., Pesticide Use Logs, Franchise Fee payment information) received through this email will be forwarded to the appropriate contact.) Concessioners should include their concessioner ID or contract number in the subject line. They will receive a confirmation email upon receipt of their submission.

Concessioners with gross receipts greater than $500,000 must use the AFR Long Form. Concessioners with gross receipts less than $500,000 may use the AFR Short Form. The supplemental Short Form Fees Worksheet is available to assist concessioners who use the Short Form and have deductions from gross receipts and/or have a tiered franchise fee.

Concessions with special accounts (Sch. N & O) and/or utility add-ons (Sch. R) must complete Form 10-356B.

If you need assistance regarding any of the above, please contact the concessions specialist at your park or send an email to AFR Submissions.

Note on ASC Topic 853

For those concessioners that determine Accounting Standards Codification (ASC) Topic 853 for Service Concession Arrangements is applicable to their operation, the AFR Long Form is in the process of being revised to address reporting changes.