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Statement No. 87 - Leases (GASB 87) is to better meet the information needs of financial statement users by improving accounting and financial reporting for leases by governments. GASB 87 increases the usefulness of governments’ financial statements by requiring recognition of certain lease assets and liabilities for leases that previously were classified as operating leases and recognized as inflows of resources or outflows of resources based on the payment provisions of the contract. It establishes a single model for lease accounting based on the foundational principle that leases are financing's of the right to use an underlying asset. Under GASB 87, a lessee is required to recognize a lease liability and an intangible right-to-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources, thereby enhancing the relevance and consistency of information about governments’ leasing activities.
▪Exhibit A - General Fund Balance Sheet ▪Schedule A3 - General Fund Revenues ▪Schedule A4A - Expenditures by Function and Object of Expense (Entries 1 - 128) ▪Schedule A4B - Expenditures by Function and Object of Expense (Entries 129 - 298) ▪Schedule A4C - Expenditures by Function and Object of Expense (Entries 299 - 436) ▪Statement A1- Summary Statement of Budget, Revenues and Variance ▪Statement A2 - General Fund Summary Statement of Budget and Expenditures ▪Statement A3 - Analysis of Fund Balance
▪Exhibit B - Balance Sheet ▪Schedule B2 - Revenues ▪Schedule B3 - Expenditures ▪Schedule B4 - EPE Program Expenditures ▪Statement B1 - Analysis of Fund Balance
▪Exhibit C - Balance Sheet - School Food Services Programs ▪Schedule C2 - Revenues School Food Service Programs ▪Schedule C3 - Expenditures School Food Service Programs ▪Statement C1 - Analysis of Fund Balance School Food Service Programs
▪Exhibit E - Balance Sheet ▪Schedule E2 - Revenues ▪Schedule E3 - Expenditures ▪Statement E1 - Analysis of Fund Balance
▪Exhibit F - Balance Sheet ▪Schedule F2 - Revenues and Expenditures ▪Statement F1 - Analysis of Fund Balance
▪Exhibit G - Balance Sheet ▪Schedule G2 - Capital Funds ▪Schedule G3 - Expenditures by Project and by Control Account ▪Statement G1 - Capital Funds
▪Exhibit H - Agency Funds
▪Exhibit I - Permanent Fund ▪Schedule I2 - Permanent Fund ▪Statement I1 - Permanent Fund
▪Exhibit J - Miscellaneous Special Revenue Fund ▪Schedule J2 - Miscellaneous Special Revenue Fund ▪Statement J1 - Miscellaneous Special Revenue Fund
▪Exhibit K - Private Purpose Trust Fund ▪Schedule K2 - Private Purpose Trust Fund ▪Statement K1 - Private Purpose Trust Fund
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