Orange County NC Website
Browse       Search
20 <br />OBJECTIVE OF TODAY'S DISCUSSION., <br />To provide an update on GASB Statement <br />No. 54 and the implications it will present <br />with: <br />• Changes in Financial Reporting <br />• Changes in the Fiscal Year 2011-12 Budget <br />OVERVIEW OF GASB 54 <br />'`Scope <br />• Changes how fund balance is presented <br />• Clarifies use of governmental fund types <br />• Used exclusively for governmental funds <br />• <br />• <br />• <br />