Baoufst-65-lfn-abzcqfclk-uupzc May 2026

To reclassify certain financial statement elements as or deferred inflows of resources .

The string provided appears to be a garbled or encoded reference to , which deals with "Items Previously Reported as Assets and Liabilities." This standard is a fundamental part of local government financial reporting. Report: Implementation of GASB Statement No. 65 Core Objective : baoufst-65-lfn-abzcqfclk-uupzc

Reporting entities, including those filing through the Michigan Treasury Online Filing system , must use these classifications to remain in compliance with Generally Accepted Accounting Principles (GAAP). To reclassify certain financial statement elements as or

: Some items previously capitalized (such as debt issuance costs, excluding prepaid insurance) must now be recognized as expenses in the period incurred according to the GASB 65 Summary . Financial Statement Impact : 65 Core Objective : Reporting entities, including those

: GASB 65 alters how major funds are calculated by including these deferred elements in the percentage-based tests. Compliance for Local Governments :

: Specific items previously called assets (like certain derivatives or service concession arrangements) now move to this category.