GASB issued a new standard on April 2 that requires state and local governments to present direct borrowings and direct placements of debt separately from other types of debt in their statement note disclosures. This new standard mandates the disclosure of additional debt-related information for all types of debt (including amounts of unused lines of credit and assets pledged as collateral for debt).
Also required to be disclosed are:
The new standard takes effect after June 15, 2018 and GASB encourages earlier application.
For more information contact us in one of our many locations.
Wednesday September 26 2018 | 4:30PM—6:30PM |
Scarab Club | 217 Farnsworth Street | Detroit, MI 48202
Thursday September 13 2018 | 4:30PM—6:30PM |
Ann Arbor Club | 103 East Liberty Suite #300 | Ann Arbor, MI 48104
Thursday August 23 2018 | 4:30-7:30 PM |
Hosted at Detroit Historical Museum