Financial Statement Review (Public) - NACUBO

More documents

Recommendations

Info

FOOTNOTES• Long-term debt – generalo variable rate debt - often missing disclosure of theterms by which the interest rate varies• Watch your current and non-current classification forvariable rate demand bondso Interest rate swaps• Disclosure of significant terms and fair valueo Best practice, and GFOA Certificate requirements• Original amount of the debt issued (WSU example)• Applicability of Federal arbitrage regulations36
FOOTNOES• Pension plans – commonly missed disclosureso Type of plan – single, agent multi-employer, costsharing defined benefit plan, defined contributionplano Authority for making changes to both planprovisions, as well as contribution requirements37
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 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: FOOTNOTES• Capital assetso Roll-f
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

Create successful ePaper yourself

Delete template?

Save as template?