home.aspx
home.aspx
 
. Resources/Whitepapers/265cc317-0226-4973-ac13-aa98bb6852e4_gasb 75 white paper final revisions 2-19.pdf
whitepaper
CCMA WHITE PAPER ON CALIFORNIA LOCAL GOVERNMENT GASB 75 IMPLEMENTATION
The Governmental Accounting Standards Board (GASB) issued its Statement 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (“OPEB”). Many local governments offer retiree medical benefits that will be subject to new requirements through this statement. The Net OPEB Liability will now be reported on the face of the Statement of Net Position, similar to the Net Pension Liability recently added through GASB 68. GASB has prepared a summary of GASB 75, which provides a helpful introduction and detail on the statement’s changes. The GASB summary is available on the GASB web page at http://www.gasb.org. Go to the Statements of Governmental Accounting Standards and for each statement there is a summary and full text. DOWNLOAD