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GASB 54, GASB 45, and GASB 34 Correspondence

Letters from the California Department of Education (CDE) to the field regarding Governmental Accounting Standards Board (GASB) Statements 54, 45, and 34.

CDE Letter of January 07, 2011: New Requirements for Reporting Fund Balance in Governmental Fund (DOC; Dated 07-Jan-2011)
This letter discusses key provisions of Governmental Accounting Standards Board (GASB) Statement 54, identifies implementation issues for local educational agencies (LEAs), and provides guidance on accounting for the new fund balance classifications in the standardized account code structure (SACS).

Attachment A 07-Jan-2011
Crosswalk of Previous Fund Balance Classifications to New Classifications.

Attachment B 07-Jan-2011
Ending Fund Balance Definitions.

Attachment C (XLS; Dated 07-Jan-2011)
Component of Ending Fund Balance Before and After.

Attachment D 07-Jan-2011
Sample Language for Required Note Disclosure on Minimum Fund Balance Policy.

CDE Letter of February 26, 2007: New Financial Reporting Requirements for Postemployment Benefits Other Than Pensions (OPEB) (DOC; Dated 26-Feb-2007)
Key provisions of GASB 45 and GASB 43 plus implications for administration of state and federal categorical programs and changes to accounting for OPEB in the standardized account code structure.

Attachment A | DOC (Dated 26-Feb-2007)
Definitions of Key Terms.

Attachment B (DOC; Dated 26-Feb-2007)
Illustrations of Accounting for Postemployment Benefits Other Than Pensions (OPEB).

Attachment C | DOC (Dated 26-Feb-2007)
Calculation of Annual OPEB Cost.

Attachment D | DOC (Dated 26-Feb-2007)
Attributing OPEB Contributions to The Components of the Annual Required Contribution (ARC).

CDE Letter of June 16, 2000: GASB 34 Implementation Issues
Discussion of GASB 34's benefits, implementation schedule, and implementation issues including capitalization threshold, capital asset inventory, and depreciation.

CDE Letter of November 15, 1999: New Financial Reporting Requirements
Overview of GASB 34 and its implications for LEAs.

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Last Reviewed: Wednesday, July 26, 2017
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