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<p class="MsoNormal">Hello CAFR Contacts,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">While we’re all working on the implementation of GASB 84 <i>
Fiduciary Activities</i>, the GASB issued Statement No. 94 yesterday. It’s titled
<i>Public-Private and Public-Public Partnerships and Availability Payment Arrangements</i>. Public-Private Partnerships (and Public-Public Partnerships) have been referred to as “P3s” and Availability Payment Arrangements, which are referred to as “APAs”, are
gaining in popularity nationally, so this may be an area that impacts the state, which is the reason I’m sending this around. This standard is effective for Fiscal Year 2023, so beginning July 1, 2022. This standard has already been delayed due to the COVID-19
pandemic, so GASB’s proposal to delay certain standards by one year does not impact GASB 94.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Here is a write-up on the standard from the Journal of Accountancy:
<a href="https://www.journalofaccountancy.com/news/2020/apr/gasb-accounting-for-p3-apa.html?utm_source=mnl:cpald&utm_medium=email&utm_campaign=21Apr2020">
https://www.journalofaccountancy.com/news/2020/apr/gasb-accounting-for-p3-apa.html?utm_source=mnl:cpald&utm_medium=email&utm_campaign=21Apr2020</a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Here is a link to the actual standard: <a href="https://www.gasb.org/jsp/GASB/Document_C/DocumentPage?cid=1176174501953&acceptedDisclaimer=true">
https://www.gasb.org/jsp/GASB/Document_C/DocumentPage?cid=1176174501953&acceptedDisclaimer=true</a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">If you have any questions, please reach out to your SARS analyst.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Rob<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#353535">Robert W. Hamilton, CPA</span></b><b><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#353535"><o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#353535">Statewide Accounting and Reporting Services Manager</span></b><b><span style="font-family:"Verdana",sans-serif;color:#353535"><o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#353535">Chief Financial Office</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#353535">Department of Administrative Services</span><span style="font-size:8.0pt"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Verdana",sans-serif">Desk: (503) 373-0299 | Cell: (971) 719-3031<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Verdana",sans-serif"><a href="http://www.oregon.gov/DAS/financial/acctng"><span style="color:blue">http://www.oregon.gov/DAS/financial/acctng</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt"> </span><span style="font-size:8.0pt"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#353535">Data Classification: Level 1 - Published</span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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