Posts Tagged ‘GASB 68’

GASB explains why they adopted GASB 75 and the reasoning behind certain choices As you’re likely aware by now, the Governmental Accounting Standards Board (“GASB”) issued GASB 75 “Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions” in June 2015. This Statement will replace GASB 45 for fiscal years beginning after June 15, 2017.  GASB…

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As a cost-sharing employer, did the retirement system provide you the necessary year-end disclosures for GASB 67/68? If your retirement system provided you & your auditors all the necessary disclosures, that’s great and there’s nothing for you to see here.  However, if that’s not your situation and we’re hearing it more than we’d expect,  we have…

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As a cost-sharing employer, did the retirement system provide you the necessary year-end disclosures for GASB 68? Many housing authorities, utility districts and other smaller members of large retirement systems approach their fiscal year end and face their first time complying with GASB 68 “Accounting & Financial Reporting for Pensions”.  As you’re likely aware, GASB…

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With the upcoming pension accounting changes under GASB 67/68, I wanted to make sure you’re abreast of what’s happening on the OPEB front (GASB 45).  As you may be aware, GASB has been working on an OPEB project since 2011 and issued an exposure draft in May 2014 to harmonize the accounting practices between pension…

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With the GFOA show in Philadelphia only days away, I’m sure you’re excited for all the new content at the event as well as the fun things to do in Philadelphia.  I hope you’ll have a chance to stop by our Odyssey Advisors exhibit at booth 715 in the Exhibit Hall.  We’ve developed a new…

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A Pension Obligation Bond has a ripple effect. The key is to thoroughly investigate from the outset whether or not this financial instrument is the most suitable choice. It is a long-term commitment involving a fixed repayment schedule. The rewards forever hold the promise of outweighing the risk. Each municipality has a different degree of…

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