This training program covers GASB 96 updates, General Fund Transfers, NRT updates, BOCES Expenditure Reporting, and filing ST-3 for school districts. GASB 96 focuses on Subscription-Based Information Technology Arrangements (SBITA), defining short-term and long-term contracts and how to account for

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This training session, presented by Ashley Weil, covers important topics such as GASB 96 guidance, SA-111 process, Federal Funding reminders, State Aid procedures, submitting BOCES State Aid claims, revising data in SAMS, understanding BOCES SAMS Financial Reports, and meeting submission deadlines.

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The Washoe County Investment Committee recently discussed key principles for public fund investment programs, emphasizing the importance of long-term income generation, asset/liability matching, and prudent diversification. The presentation highlighted benchmarking strategies, budget stability consi

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GASB 96 provides guidance on accounting for subscription-based information technology arrangements for government end users. It outlines criteria for determining control of IT assets, distinguishes SBITAs from leases, and explains the recognition and measurement of subscription liabilities and asset

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The realm of GST in real estate, particularly works contracts and property sales, is intricate and crucial to the country's GDP growth. This includes transactions like leases, constructions, and sales, all of which have specific provisions under the CGST Act. While some real estate transactions are

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Explore essential information for college students about signing a lease, covering individual vs. joint leases, the importance of a cosigner, and key details within a lease agreement. Learn how to protect your rights and responsibilities as a renter at Western Kentucky University Student Legal Educa

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In properties with a Restrictive Use Covenant (RUC), current tenants are protected even after an owner pre-pays a USDA loan early. The RUC safeguards tenants' rental conditions, limits rent increases, and provides additional protections such as the right to a grievance process. Tenants have options

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Royalty in leasing is a periodical payment based on output or sales made by a lessee to a lessor. Minimum rent is the guaranteed amount paid by the lessee in low-output years, and short working is the excess of minimum rent over actual royalty. Recoupment of short working allows recovering shortages

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Overview of financial reporting standards for the fiscal year 2021/2022 focusing on topics like mergers, transfers of functions, consolidated financial statements, events after the reporting date, accounting principles, related party disclosures, provisions, leases, and more. It also explores the de

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The Otay Mesa Enhanced Infrastructure Financing District Public Financing Authority meeting held on June 13, 2022, discussed various agenda items including audit responsibilities, financial statements, upcoming GASB pronouncements, and audit standards. The responsibilities and deliverables of the au

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This presentation delves into the world of capital assets, focusing on their categorization, ownership, and reporting in financial statements. Key topics include the distinction between tangible and intangible assets, responsible asset management, and the implications of capital leases on ownership.

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Leases under IFRS 16 are recognized on the lessee's financial statement, with a single accounting model for most leases. There are exemptions for short-term leases and low-value assets. Lessor accounting remains largely unchanged from IAS 17, with new disclosure requirements. Effective from 1 April

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Condon O'Meara McGinty & Donnelly LLP discusses current accounting issues impacting private clubs, including ASU 2016-14 on not-for-profit financial statements, ASC 606 revenue recognition, ASC 842 on accounting for leases, and ASC 715 on compensation retirement benefits. The presentation covers rea

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Guidelines under ISDEAA P.L. 93-638 Section 105(l) state that the Indian Health Service (IHS) must engage in leases with Tribes for delivering services in tribal buildings. These 105(l) leases are not standard leases but facility cost agreements to cover operational expenses. Lease proposals must be

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GASB Statement 83 standardizes the recognition and measurement requirements for asset retirement obligations (ARO) to enhance financial reporting consistency. Governments must recognize AROs when liabilities are incurred and reasonably estimable, based on external and internal obligating events. Mea

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This presentation highlights the importance of having a financial policy in place to protect cash reserves, make informed financial decisions, and ensure audit compliance. It explains the components of a financial policy as per GASB 54 and discusses the link between audited financials and the budget

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Explore legal issues and regulations surrounding Community Land Trusts in DC, Virginia, and Maryland. Learn about the implications of ground leases, ownership rights, and separation of land and improvements in affordable housing initiatives. Discover the responsibilities and restrictions imposed on

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The accounting treatment of leases under IFRS 16 involves recognition, measurement, presentation, and disclosure. IFRS 16 removes the distinction between finance leases and hire purchase contracts, requiring all leases to be capitalized. This standard aims to provide a consistent approach to lease a

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This document outlines the roles and responsibilities within the Government of Alberta's ETS system for managing user accounts, assigning roles, and processing various form types. It covers the different roles required for authorizing actions related to Crown petroleum and natural gas licenses or le

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Comprehensive training module focusing on the authorization process for companies acting on behalf of designated representatives for Crown petroleum and natural gas licenses or leases in Alberta. Learn how to submit, check the status, concur, reject, and revoke authorization requests within the PNG

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Experienced Senior Auditor Michelle Kiese from BDO USA, Anchorage Office, discusses GASB 40 amendments and important risk disclosures related to credit risk, custodial credit risk, and concentrations of credit risk for deposit and investment transactions to provide users with valuable information fo

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This informational material focuses on GASB 87 Leases, covering aspects like the definition of leases, exclusions, accounting treatments, and implementation steps for government entities. GASB 87, issued in 2017, aims to enhance accounting and financial reporting for leases by governments through a

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GASB has introduced new standards for OPEB plans, similar to GASB 67/68 for pensions. The changes impact reporting and liabilities, requiring a blended discount rate and Entry Age Normal method. Employers must now carry the Net OPEB Liability on their balance sheets and provide extensive disclosures

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OPEB, or Other Postemployment Benefits, are benefits received by retired employees earned during their careers. GASB Statements 45, 74, and 75 provide guidelines for reporting and accounting for OPEB in school districts. Compliance with GASB 75 is mandatory for all districts to determine OPEB liabil

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Virginia has introduced new laws aimed at providing more protection and clarity for tenants, addressing issues such as written leases, eviction processes, and affordability. These changes seek to tackle the high eviction rates in various cities and factors such as poverty, unfavorable laws, and gent

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Transition to the new employer portal, requirements for employer portal design, audit approach memo, GASB Statement 68 report details, government employer participation issues, net pension liability reporting, and fiduciary net position changes are highlighted in this collection of information for p

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GASB updates impacting PERA and TRA pension reporting in Minnesota, including GASB 67 and 68 changes, implications for school districts and employer units, and major reporting changes affecting net pension liability.

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GASB updates and implementation guidelines for pension reporting as of November 19, 2014, presented at the Office of the State Auditor Local Government Training Conference. The update covers reporting deadlines for PERA and TRA, actuarial valuation reports, GASB Statement 68 impact on employer units

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GASB 68 reporting as compared to the 2015 actuarial valuation focused on the implementation of GASB 68 for financial statements, including the reporting of entities like the Bay County Employee Retirement System and Bay-Arenac Behavioral Health. The process involved providing information on pension-

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Exploring the importance of leases in residential settings covered by the HCBS Settings Rule for Medicaid DD Waiver programs. The presentation highlights key terms, provisions, and protections for individuals with developmental disabilities living in provider-owned or controlled residential settings

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Financial management at the University of Oregon involves various aspects including fund accounting, chart of accounts, proper resource allocation, and reporting standards set by GASB. Funds are classified into different types based on their sources, limitations, and characteristics. The university

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Explore the intricate world of leases and tenancies, learning the distinct responsibilities of landlords, tenants, and room hirers. From commercial buildings to residential properties, delve into obligations such as building maintenance, emergency preparedness, and compliance with regulations like s

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Net Investment in Capital Assets is a critical component of an entity's financial position, reflecting the value of capital assets owned. It represents the portion of the net position that is not spendable as it is invested in assets. Calculating Net Investment in Capital Assets involves subtracting

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The evolution of capitalization policies in governmental financial management, as guided by GASB, is explored through examples and implementation considerations. Key points include applying capitalization thresholds to groups of assets, considering aggregate significance, and planning for effective

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Explore the termination process in residential leases, covering legal regulations, succession rights, and the roles of the lessor and lessee. Discover how leases can end through various means such as termination by court, lessee, or lessor. Learn about Polish Civil Code and Acts protecting inhabitan

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This comprehensive guide, presented by the FGFOA Technical Resources Committee, covers topics such as accounting principles for local governments, annual financial audits, financial reporting, budgeting, and capital assets valuation rules. It explains the importance of audits in maintaining public t

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Explore key topics discussed at the MACATFO Conference, including enhancement surveys, 1099 form improvements, GASB financial statement updates, grant tracking methods, mapping reviews, and upload templates usage. Join the conversation on critical financial management issues and advancements in the

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Overview of types of leases in Nevada, including long-term and short-term options for vehicles, heavy-duty equipment, computer hardware, and more. Details on general leasing definitions, regulations, and tax implications for lessors and lessees in the state.

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The equipment leasing and finance industry plays a vital role in enabling businesses to acquire necessary equipment for operations and growth. In the U.S. alone, businesses, nonprofits, and government agencies invest trillions in capital goods annually, with a significant portion financed through lo

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The COVID-19 Omnibus (Emergency Measures) Regulations have been extended to 31st December 2020, creating a new regulatory regime for rent relief. Changes include an extended time period, updated definition of eligible leases, and clarifications regarding turnover.

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