Financial Statement Review (Public) - NACUBO

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REPORTING ENTITYThe most significant effects of the amendmentsare to:o Increase the emphasis on financialrelationshipso Clarify the requirements to blend certaincomponent unitso Improve recognition of ownership interests• Joint ventures• Component units18
REPORTING ENTITY• <strong>Statement</strong> 14 requires inclusion in the reportingentity if a Potential Component Unit is fiscallydependent. That is,• Budget, or• Setting taxes or charges, or• Issuing debt• <strong>Statement</strong> 61 adds the additional requirement for afinancial benefit or burden to exist before inclusionin the reporting entity is required(GASB 61 flowchart)19
Page 6 and 7: MANAGEMENT DISCUSSION AND ANALYSIS
Page 8 and 9: Statement 60Accounting and Reportin
Page 10 and 11: SERVICE CONCESSION ARRANGEMENTSWhat
Page 12 and 13: SERVICE CONCESSION ARRANGEMENTSTRAN
Page 14 and 15: SERVICE CONCESSION ARRANGEMENTSWhat
Page 16 and 17: SERVICE CONCESSION ARRANGEMENTSOthe
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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