Baoufst-65-lfn-abzcqfclk-uupzc May 2026

: 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 :

The string provided appears to be a garbled or encoded reference to , which deals with "Items Previously Reported as Assets and Liabilities." This standard is a fundamental part of local government financial reporting. Report: Implementation of GASB Statement No. 65 Core Objective : baoufst-65-lfn-abzcqfclk-uupzc

Reporting entities, including those filing through the Michigan Treasury Online Filing system , must use these classifications to remain in compliance with Generally Accepted Accounting Principles (GAAP). : Some items previously capitalized (such as debt

: Items like deferred revenue (e.g., property taxes received in advance) are reclassified as Deferred Inflows of Resources . 65 Core Objective : Reporting entities, including those