GASB Update No. 84: Identifying and Reporting Fiduciary Activities
To improve guidance for state and local government fiduciary funds reporting, the Government Accounting Standards Board (GASB) issued Statement No. 84, Fiduciary Activities in January 2017. That statement is effective for all fiscal years beginning after December 15, 2018, so cities, schools, counties and other entities should be implementing the changes now, if they haven’t already.