Financial Facts

February 20, 2019

GASB has issued proposed implementation guidance to provide state and local government financial statement preparers with questions and answers designed to clarify, explain or elaborate on the board’s standards.

Implementation Guidance Update-2019 proposes answers to such topics as:

  • Cash flow reporting
  • Post-employment benefits
  • Derivative instruments
  • Irrevocable split-interest agreements
  • Tax-abatement disclosures

Amendments to previously issued implementation guidance are also proposed in the exposure draft.

VACo Contact: Vicky Steinruck, CPA

- Related Blog Posts -

CIT Releases Whitepaper for Broadband Expansion in Virginia

July 15, 2015

View Blog Post

House and Senate budgets reveal broad differences

February 17, 2014

View Blog Post

Regions 7 and 8 Meet in Stafford County

September 6, 2018

View Blog Post