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GASB issues guidance on blending requirements for certain component units

  • GASB document Image

Feb 11, 2016

The GASB has issued Statement No. 80, “Blending Requirements for Certain Component Units.”

Statement 80 clarifies “how certain component units incorporated as not-for-profit corporations should be presented in the financial statements of the primary state or local government.” Specifically, such component units must be “blended into the primary state or local government’s financial statements in a manner similar to a department or activity of the primary government.”

State­ment 80 applies to all state and local governments and is ef­fec­tive for re­port­ing periods be­gin­ning after June 15, 2016. Early ap­pli­ca­tion is en­cour­aged.            .

For more in­for­ma­tion, see the press release and State­ment 80 on the GASB’s Web site.

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