GASB 47 — Accounting for Termination Benefits

Introduction

Thank you for taking time to complete this questionnaire, which pertains to the Governmental Accounting Standards Board (GASB) Statement:

GASB Statement No. 47, Accounting for Termination Benefits Questionnaire

This statement requires reporting and disclosing in Note 25, Termination Benefits, when agencies provide termination benefit arrangements voluntary or involuntary to separated employees during the fiscal year.

Agency management is responsible for ensuring proper accounting and reporting under GASB 47. Agencies must analyze their operations for termination benefits at least annually and, if applicable, disclose in Note 25.

Submission of this questionnaire serves as an "Acknowledgment of Review" of the agency's operations for termination benefits.

Submit responses to this questionnaire by Aug. 15, 20CY.

If you have any questions, please contact your financial reporting analyst.