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gasb 68

May 03, 2016 02:40PM MDT

I submitted question earlier, not sure it went through.

Can I set up the GASB 68 information in a fiduciary fund instead of in the HA programs which are small. I had a fee accountant tell me he did this for one or more of his clients.

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Les Sparks AHACPA May 03, 2016

The only comment I have is that REAC is really looking to get these amounts allocated to the actual programs. Nick Miele has indicated that a failure to to get these amounts allocated the the programs, where the actual liability should be paid will likely result in a rejection in the submission.

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