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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">Hello CAFR Contacts,<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>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">As you likely are aware, the GASB has an exposure draft on the Financial Reporting Model Improvements Project. You may find the fact sheet referenced below useful
as the proposed standard would significantly impact accounting and financial reporting for governmental funds.<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>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">If you have any questions, please feel free to reach out.<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>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">Rob<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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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> Governmental Accounting Standards Board <gasbnews@gasb.org>
<br>
<b>Sent:</b> Monday, February 22, 2021 12:09 PM<br>
<b>To:</b> robert.w.hamilton@state.or.us<br>
<b>Subject:</b> GASB Publishes Fact Sheet on Financial Reporting Model Improvements Exposure Draft<o:p></o:p></span></p>
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<h2>GASB Publishes Fact Sheet on Financial Reporting Model Exposure Draft<o:p></o:p></h2>
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<p class="MsoNormal" style="line-height:150%"><span style="font-size:10.5pt;line-height:150%;font-family:"Georgia",serif;color:#2A2A2A">Today, the Governmental Accounting Standards Board (GASB) published on its website a Fact Sheet about its proposed Statement,
<em><span style="font-family:"Georgia",serif">Financial Reporting Model Improvements.</span></em> The public comment period ends February 26, after which the Board will conduct public hearings and user forums to gather additional feedback from stakeholders.<br>
<br>
The Fact Sheet and a one-page executive summary are available on the GASB website,
<a href="https://gasb.us3.list-manage.com/track/click?u=e043e1190253df702a1340ed7&id=f3f7aa3d75&e=2631ed37c7">
<span style="color:#EF4142;text-decoration:none">www.gasb.org</span></a>. <o:p></o:p></span></p>
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Financial Accounting Foundation<br>
401 Merritt 7, PO Box 5116, Norwalk, CT 06856<br>
<a href="mailto:gasbnews@gasb.org">gasbnews@gasb.org</a> // <a href="www.accountingfoundation.org">
<span style="color:#EF4142;text-decoration:none">www.accountingfoundation.org</span></a>
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