Baoufst-65-lfn-abzcqfclk-uupzc -

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

: Items like deferred revenue (e.g., property taxes received in advance) are reclassified as Deferred Inflows of Resources . baoufst-65-lfn-abzcqfclk-uupzc

: 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 : : GASB 65 alters how major funds are