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<p class="MsoNormal">Hello ACFR contacts!<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">How is GASB 87 implementation going? Great, right?! Below are a few implementation updates.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><u>Secretary of State (SOS) Audits Division<o:p></o:p></u></p>
<p class="MsoNormal">SOS auditors started contacting agencies to discuss GASB 87 implementation efforts. Remember,
<b>documentation is essential</b>. Whether a contract and/or agreement was determined by the agency to be subject to GASB 87 or excluded from GASB 87, be sure to document how the determination was made and retain the documentation for audit purposes. The auditors
may ask to review this documentation.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><u>Leases negotiated by DAS Real Estate Services (DAS-RES)<o:p></o:p></u></p>
<p class="MsoNormal">DAS-RES will provide a list of existing leases negotiated by DAS-RES on behalf of other state agencies. The list will include a minimum amount of information about each lease; the purpose of which is to alert agencies of current leases
that will need to be evaluated and measured. DAS-RES is in the process of preparing the reports by agency for distribution no later than May 28. The lists will be distributed to the agency contact on file at DAS-RES. Please coordinate with your internal procurement
or facilities office to obtain a copy of the list, as needed.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><u>GASB 87 Resources<o:p></o:p></u></p>
<p class="MsoNormal">Be sure to visit the SARS training and resources webpage for information to assist with agency implementation efforts. Direct access to the webpage is available via the following link:
<a href="https://www.oregon.gov/das/Financial/Acctng/Pages/Training.aspx">https://www.oregon.gov/das/Financial/Acctng/Pages/Training.aspx</a>.<span style="color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Please let me know if you have any questions. Have a great day everyone!<o:p></o:p></p>
<p class="MsoNormal">S <span style="font-family:Wingdings">J</span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b>Stacey A. Chase<o:p></o:p></b></p>
<p class="MsoNormal">Senior Financial Reporting & Policy Analyst<o:p></o:p></p>
<p class="MsoNormal">Chief Financial Office<o:p></o:p></p>
<p class="MsoNormal">Department of Administrative Services<o:p></o:p></p>
<p class="MsoNormal">Phone: (971) 900-9993<o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"><a href="https://www.oregon.gov/das/financial/acctng/pages/index.aspx"><span style="color:blue">https://www.oregon.gov/das/financial/acctng/pages/index.aspx</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
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