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Future Accounting Standard Changes-Continued <br /> How the Changes in This Statement Will Improve Financial Reporting <br /> This Statement will enhance comparability of financial statements among governments by establishing uniform criteria for <br /> governments to recognize and measure certain AROs,including obligations that may not have been previously reported.This <br /> Statement also will enhance the decision-usefulness of the information provided to financial statement users by requiring <br /> disclosures related to those AROs. <br /> (1)Note.From GASB Pronouncements Summaries.Copyright 2016 by the Financial Accounting Foundation,401 Merritt 7,Norwalk, <br /> CT 06856,USA,and is reproduced with permission. <br /> Restriction on Use <br /> This communication is intended solely for the information and use of the Public Utilities Commission,City Council,management,and <br /> the Minnesota Office of the State Auditor and is not intended to be and should not be used by anyone other than these specified <br /> parties. <br /> The comments and recommendations in this report are purely constructive in nature,and should be read in this context.Our audit <br /> would not necessarily disclose all weaknesses in the system because it was based on selected tests of accounting records and related <br /> data. <br /> If you have any questions or wish to discuss any of the items contained in this letter,please feel free to contact us at your convenience. <br /> We wish to thank you for the opportunity to be of service and for the courtesy and cooperation extended to us by your staff. <br /> 0144&A,iriftwo)IL-P <br /> ABDO,EICK&MEYERS,LLP <br /> Minneapolis,Minnesota <br /> March 30,2017 <br /> People <br /> +Process, <br /> Going <br /> Beyond the <br /> -14- Numbers <br /> 80 <br />