Board discusses GASB 103 variance threshold, defers final decision
The board heard an explanation of the new GASB 103 variance guidance and debated a district threshold; auditors recommended 25% but trustees discussed a smaller percentage with a dollar floor and asked staff to return with more information.
The full story
Board members discussed GASB 103, a new accounting standard that requires districts to set variance thresholds for reporting significant variances in audited financial statements.
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