Financial Statement Review (Public) - NACUBO

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SERVICE CONCESSION ARRANGEMENTSWhat is an SCA?An arrangement in which (continued):• the transferor determines, modifies, or approves:o What services the operator is required to provideo To whom the services will be providedo The prices or rates that will be charged• the transferor is entitled to significant residual interest inthe capital asset(GASB 60 flowchart resource)10
SERVICE CONCESSION ARRANGEMENTSTRANSFEROR ACCOUNTING• After initial measurement, the capital asset is subjectto existing reporting requirements• Improvements made to the facility would increasethe transferor’s asset• Does NOT depreciate if arrangement requiresoperator to return facility to transferor in its originalor enhanced condition11
Page 6 and 7: MANAGEMENT DISCUSSION AND ANALYSIS
Page 8 and 9: Statement 60Accounting and Reportin
Page 12 and 13: SERVICE CONCESSION ARRANGEMENTSTRAN
Page 14 and 15: SERVICE CONCESSION ARRANGEMENTSWhat
Page 16 and 17: SERVICE CONCESSION ARRANGEMENTSOthe
Page 18 and 19: REPORTING ENTITYThe most significan
Page 20 and 21: REPORTING ENTITY• Current year is
Page 22 and 23: Statement 62Codification of Pre-Nov
Page 24 and 25: GASB 62 - BASIC GUIDANCE• Superse
Page 26 and 27: BASIC FINANCIAL STATEMENTS - GAAP
Page 28 and 29: GASB 63 - BACKGROUND INFORMATIONCon
Page 30: GASB 63 - CURRENT DEFERRALS• Ther
Page 33 and 34: FOOTNOTES• Cash/Investmentso Inve
Page 35 and 36: FOOTNOTES• Capital assetso Roll-f
Page 37 and 38: FOOTNOES• Pension plans - commonl
Page 39 and 40: REQUIRED SUPPLEMENTARY INFORMATION
Page 41 and 42: The material appearing in this pres
Page 43: Thank You43

Financial Statement Review (Public) - NACUBO

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