GASB Reports

GASB Reports are now available - please open attachment below.

There are 3 major components of the report:

1. Schedule of Employer Allocations: This schedule lists each law enforcement agency, their number of members, and the allocation percentage. Some local governments will have more than one law enforcement agency.
2. Schedule of Pension Amounts by Employer: For each law enforcement agency, this schedule lists the total pension expense that should be included on the applicable government’s financial statements. An offsetting revenue should also be recorded. In addition, the net pension asset that would be disclosed in the notes to the government’s financial statements is shown. (page 9 of report)
3. Notes to the Schedules: Other information that the local governments would need for their note disclosures are included here.