Other pages about the topic: Accounting

2019 Single Audit Report

Download the 2019 Single Audit Report as a single document or choose report sections below.

Table of Contents

Leases (GASB 87)

The Governmental Accounting Standards Board (GASB) Statement No. 87, Leases, establishes a single model for lease accounting based on the principle that leases are financings of the right to use an asset. There is no longer an operating vs capital classification. Lessees will recognize a lease liability and an intangible right-to-use asset, and lessors will recognize a lease receivable and a deferred inflow of resources.

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