GASB Issues Delays Across Multiple GASB Statements

Updated to Fiscal Years Ending June 30, 2020 and subsequent
(New Dates - Reporting periods beginning after June 15, 2019)
(Old dates – Reporting periods beginning after June 15, 2018)

GASB-83 Certain Asset Retirement Obligations

GASB-88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements

IG No. 2018-1, Implementation Guidance Update - 2018

Updated to (Fiscal Years Ending December 31, 2020 and subsequent
(New Dates - Reporting periods beginning after December 15, 2019)
(Old dates – Reporting periods beginning after December 15, 2018)

GASB-84, Fiduciary Activities

GASB-90, Majority Equity Interests

IG No. 2019-2, Fiduciary Activities

Updated to Fiscal Years Ending June 30, 2021 and subsequent
(New Dates - Reporting periods beginning after June 15, 2020)
(Old dates – Reporting periods beginning after June 15, 2019)

IG No. 2019-1, Implementation Guidance Update - 2019

Updated to Fiscal Years Ending December 31, 2021 and subsequent
(New Dates - Reporting periods beginning after December 15, 2020)
(Old Dates – Reporting periods beginning after December 15, 2019)

GASB-89, Accounting for Interest Costs Incurred Before the End of a Construction Period

Updated to Fiscal Years Ending June 30, 2022 and subsequent
(New Reporting periods beginning after various see below)

• GASB-87, Leases (note that this is delayed 18 months from original release)

• IG No. 2019-3, Leases (note that this is delayed 18 months from original release)

• GASB-92, Omnibus 2020 (multiple effective dates - refer to Statements for specific details)
  Various Dates: Paragraph 10 - government acquisitions occurring in reporting periods beginning after June 15, 2021

• GASB-93, Replacement of Interbank Offered Rates (multiple effective dates - refer to Statements for specific details):
  - Periods beginning after June 15, 2020 except for paragraph 11b, effective for periods ending after December 31, 2021;
  - Paragraphs 13 and 14—fiscal years beginning after June 15, 2021 (due to lease provisions – adjusted to GASB-87 adjusted date)

Updated to Fiscal Years Ending December 31, 2022 and subsequent
(New Dates - Reporting periods beginning after December 15, 2021)
(Old Dates – Reporting periods beginning after December 15, 2020)

GASB-91, Conduit Debt Obligations

Updated to Fiscal Years Ending June 30, 2023 and subsequent
(Reporting periods beginning after June 15, 2022)  (Change included as approved)

GASB-94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements

Other

• IG No. 2017-3, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (and Certain Issues Related to OPEB Plan Reporting)
• Questions 4.484 and 4.491—the first reporting period in which the measurement date of the (collective) net OPEB liability is on or after June 15, 2019
• Questions 4.85, 4.103, 4.108, 4.109, 4.225, 4.239, 4.244, 4.245, and 5.1–5.4—actuarial valuations as of December 15, 2018, or later