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Senate approves bill to adopt Governmental Accounting Standards Board guidance for state financial reporting
Utah State Senate · January 26, 1990
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Summary
SB 94 directs the Department of Finance to comply with forthcoming GASB accounting standards for measurement-focused accounting and post‑employment benefit reporting; senators estimated roughly $45 million in additional liabilities to appear on the state's books.
Senate Bill 94, presented by Senator Lorraine McAllister, directs the state’s Department of Finance to conform state financial reporting to standards set by the Governmental Accounting Standards Board (GASB), including measurement-focused basis of accounting and reporting of other post‑employment benefits (such as…
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