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Future Accounting Standard Changes (Continued) <br />GASB Statement No. 96- Subscription-Based Information Technology Arrangements <br />Summary <br />Uijt!Tubufnfou!qspwjeft!hvjebodf!po!uif!bddpvoujoh!boe!gjobodjbm!sfqpsujoh!gps!tvctdsjqujpo.cbtfe!jogpsnbujpo!ufdiopmphz! <br />bssbohfnfout!)TCJUBt*!gps!hpwfsonfou!foe!vtfst!)hpwfsonfout*/!Uijt!Tubufnfou!)2*!efgjoft!b!TCJUB<!)3*!ftubcmjtift! <br />uibu!b!TCJUB!sftvmut!jo!b!sjhiu.up.vtf!tvctdsjqujpo!bttfu!.!bo!joubohjcmf!bttfu!.!boe!b!dpssftqpoejoh!tvctdsjqujpo!mjbcjmjuz<! <br />)4*!qspwjeft!uif!dbqjubmj{bujpo!dsjufsjb!gps!pvumbzt!puifs!uibo!tvctdsjqujpo!qbznfout-!jodmvejoh!jnqmfnfoubujpo!dptut!pg!b! <br />TCJUB<!boe!)5*!sfrvjsft!opuf!ejtdmptvsft!sfhbsejoh!b!TCJUB/!Up!uif!fyufou!sfmfwbou-!uif!tuboebset!gps!TCJUBt!bsf!cbtfe! <br />po!uif!tuboebset!ftubcmjtife!jo!Tubufnfou!Op/!98-!Mfbtft-!bt!bnfoefe/ <br />Voefs!uijt!Tubufnfou-!b!hpwfsonfou!hfofsbmmz!tipvme!sfdphoj{f!b!sjhiu.up.vtf!tvctdsjqujpo!bttfu!.!bo!joubohjcmf!bttfu!.! <br />boe!b!dpssftqpoejoh!tvctdsjqujpo!mjbcjmjuz/!B!hpwfsonfou!tipvme!sfdphoj{f!uif!tvctdsjqujpo!mjbcjmjuz!bu!uif!dpnnfodfnfou! <br />pg!uif!tvctdsjqujpo!ufsn-!.!xijdi!jt!xifo!uif!tvctdsjqujpo!bttfu!jt!qmbdfe!joup!tfswjdf/!Uif!tvctdsjqujpo!mjbcjmjuz!tipvme!cf! <br />jojujbmmz!nfbtvsfe!bu!uif!qsftfou!wbmvf!pg!tvctdsjqujpo!qbznfout!fyqfdufe!up!cf!nbef!evsjoh!uif!tvctdsjqujpo!ufsn/!Gvuvsf! <br />tvctdsjqujpo!qbznfout!tipvme!cf!ejtdpvoufe!vtjoh!uif!joufsftu!sbuf!uif!TCJUB!wfoeps!dibshft!uif!hpwfsonfou-!xijdi! <br />nbz!cf!jnqmjdju-!ps!uif!hpwfsonfou“t!jodsfnfoubm!cpsspxjoh!sbuf!jg!uif!joufsftu!sbuf!jt!opu!sfbejmz!efufsnjobcmf/!B! <br />hpwfsonfou!tipvme!sfdphoj{f!bnpsuj{bujpo!pg!uif!ejtdpvou!po!uif!tvctdsjqujpo!mjbcjmjuz!bt!bo!pvugmpx!pg!sftpvsdft!)gps! <br />fybnqmf-!joufsftu!fyqfotf*!jo!tvctfrvfou!gjobodjbm!sfqpsujoh!qfsjpet/ <br />Uijt!Tubufnfou!qspwjeft!bo!fydfqujpo!gps!tipsu.ufsn!TCJUBt/!Tipsu.ufsn!TCJUBt!ibwf!b!nbyjnvn!qpttjcmf!ufsn!voefs! <br />uif!TCJUB!dpousbdu!pg!23!npouit!)ps!mftt*-!jodmvejoh!boz!pqujpot!up!fyufoe-!sfhbsemftt!pg!uifjs!qspcbcjmjuz!pg!cfjoh! <br />fyfsdjtfe/!Tvctdsjqujpo!qbznfout!gps!tipsu.ufsn!TCJUBt!tipvme!cf!sfdphoj{fe!bt!pvugmpxt!pg!sftpvsdft/ <br />Uijt!Tubufnfou!sfrvjsft!b!hpwfsonfou!up!ejtdmptf!eftdsjqujwf!jogpsnbujpo!bcpvu!jut!TCJUBt!puifs!uibo!tipsu.ufsn!TCJUBt-! <br />tvdi!bt!uif!bnpvou!pg!uif!tvctdsjqujpo!bttfu-!bddvnvmbufe!bnpsuj{bujpo-!puifs!qbznfout!opu!jodmvefe!jo!uif!nfbtvsfnfou! <br />pg!b!tvctdsjqujpo!mjbcjmjuz-!qsjodjqbm!boe!joufsftu!sfrvjsfnfout!gps!uif!tvctdsjqujpo!mjbcjmjuz-!boe!puifs!fttfoujbm!jogpsnbujpo/ <br />Effective Date and Transition <br />Uif!sfrvjsfnfout!pg!uijt!Tubufnfou!bsf!fggfdujwf!gps!gjtdbm!zfbst!cfhjoojoh!bgufsKvof!26-!3133-!boe!bmm!sfqpsujoh!qfsjpet! <br />uifsfbgufs/!Fbsmjfs!bqqmjdbujpo!jt!fodpvsbhfe/Bttfut!boe!mjbcjmjujft!sftvmujoh!gspn!TCJUBt!tipvme!cf!sfdphoj{fe!boe! <br />nfbtvsfe!vtjoh!uif!gbdut!boe!djsdvntubodft!uibu!fyjtufe!bu!uif!cfhjoojoh!pg!uif!gjtdbm!zfbs!jo!xijdi!uijt!Tubufnfou!jt! <br />jnqmfnfoufe/!Hpwfsonfout!bsf!qfsnjuufe-!cvu!bsf!opu!sfrvjsfe-!up!jodmvef!jo!uif!nfbtvsfnfou!pg!uif!tvctdsjqujpo!bttfu! <br />dbqjubmj{bcmf!pvumbzt!bttpdjbufe!xjui!uif!jojujbm!jnqmfnfoubujpo!tubhf!boe!uif!pqfsbujpo!boe!beejujpobm!jnqmfnfoubujpo! <br />tubhf!jodvssfe!qsjps!up!uif!jnqmfnfoubujpo!pg!uijt!Tubufnfou/ <br />How the Changes in This Statement Will Improve Accounting and Financial Reporting <br />Uif!sfrvjsfnfout!pg!uijt!Tubufnfou!xjmm!jnqspwf!gjobodjbm!sfqpsujoh!cz!ftubcmjtijoh!b!efgjojujpo!gps!TCJUBt!boe!qspwjejoh! <br />vojgpsn!hvjebodf!gps!bddpvoujoh!boe!gjobodjbm!sfqpsujoh!gps!usbotbdujpot!uibu!nffu!uibu!efgjojujpo/!Uibu!efgjojujpo!boe! <br />vojgpsn!hvjebodf!xjmm!sftvmu!jo!hsfbufs!dpotjtufodz!jo!qsbdujdf/!Ftubcmjtijoh!uif!dbqjubmj{bujpo!dsjufsjb!gps!jnqmfnfoubujpo! <br />dptut!bmtp!xjmm!sfevdf!ejwfstjuz!boe!jnqspwf!dpnqbsbcjmjuz!jo!gjobodjbm!sfqpsujoh!cz!hpwfsonfout/!Uijt!Tubufnfou!bmtp!xjmm! <br />foibodf!uif!sfmfwbodf!boe!sfmjbcjmjuz!pg!b!hpwfsonfou“t!gjobodjbm!tubufnfout!cz!sfrvjsjoh!b!hpwfsonfou!up!sfqpsu!b! <br />tvctdsjqujpo!bttfu!boe!tvctdsjqujpo!mjbcjmjuz!gps!b!TCJUB!boe!up!ejtdmptf!fttfoujbm!jogpsnbujpo!bcpvu!uif!bssbohfnfou/!Uif! <br />ejtdmptvsft!xjmm!bmmpx!vtfst!up!voefstuboe!uif!tdbmf!boe!jnqpsubou!btqfdut!pg!b!hpwfsonfou“t!TCJUB!bdujwjujft!boe! <br />fwbmvbuf!b!hpwfsonfou“t!pcmjhbujpot!boe!bttfut!sftvmujoh!gspn!TCJUBt/ <br />11 <br />155 <br />