GASB Statements definition

GASB Statements means the statements issued by the Governmental Accounting Standards Board, including without limitation Statement No. 73, that apply to the Employer’s reporting of its LEOSSA Obligation.
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Examples of GASB Statements in a sentence

  • The District and the Exclusive Representatives shall consult on the implementation of Education Code sections 7000-7008, Medicare Part D provisions and the District’s obligation to address Governmental Accounting Standards Board (GASB) Statements 43 and 45.

  • Office of Management and Budget's (0MB) guidance for federal awards and agreements as provided in the Code of Federal Regulation (CFR) 2 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and relevant Governmental Accounting Standards Board (GASB) Statements.

  • For each fiscal year being audited, the Vendor shall perform an audit of the County’s Investment Trust Funds financial statements prepared in accordance with current GAAP, including GASB Statements No. 3, 31, 40, 72, and 79.

  • Unrestricted net position is defined by GASB Statements No. 34 and No. 35 as those assets that do not have external legal restrictions against them, including any amounts designated by the Governing Board.

  • Government Accountability Office (GAO) “Government Auditing Standards” (The Yellow Book); and the most current GASB Statements, GASB Technical Bulletins, GASB Implementation Guides and AICPA literature cleared by the GASB, as adopted by GASB Statement No. 76 and shall be conducted in accordance with generally accepted auditing standards (GAAS) and generally accepted government auditing standards (GAGAS) for the FY 2017-18 and subsequent years.

  • For each fiscal year being audited, the Vendor shall perform an audit of the County’s Pension and Other Postemployment Benefits (OPEB) Trust Fund financial statements prepared in accordance with current GAAP, including GASB Statements No. 43, 68,74, and 75.

  • As prescribed by GASB Statements No. 63 and No. 65, certain prior period amounts have been reclassified to conform to the current year's presentation.

  • For each fiscal year being audited, the Contractor shall perform an audit of the County’s Pension and Other Postemployment Benefits (OPEB) Trust Fund financial statements prepared in accordance with current GAAP, including GASB Statements No. 43, 68, 74, and 75.

  • GASB Statements No. 34 and No. 35 report equity as "Net Position" and represent the difference between assets and liabilities.

  • Government Accountability Office (GAO) “Government Auditing Standards” (The Yellow Book); and the most current GASB Statements, GASB Technical Bulletins, GASB Implementation Guides and AICPA literature cleared by the GASB, as adopted by GASB Statement No. 76 and shall be conducted in accordance with generally accepted auditing standards (GAAS) and generally accepted government auditing standards (GAGAS) for the FY 2022-23 and subsequent years.

Related to GASB Statements

  • Closing Statements has the meaning specified in Section 4.3(a)(ii).

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2006 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2006 interim statement of the insurance company.

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Closing Date Financial Statements has the meaning set forth in Section 2.3(a)(i).

  • Filing Statements is defined in Section 5.1.13.