[CAFR-Contacts-News] Action Required: Implementation of GASB 84, Fiduciary Activities

[CHASE Stacey A * DAS]

Good afternoon CAFR Contacts!

'Tis the season to begin reclassifying balances related to the implementation of GASB Statement 84, Fiduciary Activities. Woohoo!

As I mentioned during the May 2019 GASB 84 training, SARS recommended that agencies make the necessary entries to reclassify applicable balances following the close of fiscal year end activities. The time has come!

Below are links to the May 2019 GASB 84 training materials:
Recorded training (includes audio): https://das.adobeconnect.com/pcum7d851kfr/?launcher=false&fcsContent=true&pbMode=normal
PowerPoint slide deck: https://www.oregon.gov/das/Financial/Acctng/Documents/Gasb%2084%20-%20fiduciary%20activities.May2019.handout-full%20slide.pdf

Because of the complex nature of these transactions, it is imperative that you familiarize yourself with the training materials. If you have any questions, please feel free to contact your SARS analyst.

Thank you. Have a great day!
s


Stacey A. Chase
Senior Financial Reporting & Policy Analyst
Chief Financial Office
Department of Administrative Services
Phone: (503) 947-8567
https://www.oregon.gov/das/financial/acctng/pages/index.aspx

Data Classification: Level 1 - Published

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