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Future Accounting Standard Changes (Continued) <br />Effective Date and Transition <br />Uif!sfrvjsfnfout!pg!uijt!Tubufnfou!bsf!fggfdujwf!bt!gpmmpxt; <br />Uif!sfrvjsfnfout!sfmbufe!up!uif!fggfdujwf!ebuf!pg!Tubufnfou!98!boe!Jnqmfnfoubujpo!Hvjef!312:.4-!sfjotvsbodf! <br />sfdpwfsjft-!boe!ufsnjopmphz!vtfe!up!sfgfs!up!efsjwbujwf!jotusvnfout!bsf!fggfdujwf!vqpo!jttvbodf/ <br />Uif!sfrvjsfnfout!sfmbufe!up!jousb.foujuz!usbotgfst!pg!bttfut!boe!uiptf!sfmbufe!up!uif!bqqmjdbcjmjuz!pg!Tubufnfout!84! <br />boe!85!bsf!fggfdujwf!gps!gjtdbm!zfbst!cfhjoojoh!bgufs!Kvof!26-!3131/ <br />Uif!sfrvjsfnfout!sfmbufe!up!bqqmjdbujpo!pg!Tubufnfou!95!up!qptufnqmpznfou!cfofgju!bssbohfnfout!boe!uiptf! <br />sfmbufe!up!oposfdvssjoh!gbjs!wbmvf!nfbtvsfnfout!pg!bttfut!ps!mjbcjmjujft!bsf!fggfdujwf!gps!sfqpsujoh!qfsjpet!cfhjoojoh! <br />bgufs!Kvof!26-!3131/! <br />Uif!sfrvjsfnfout!sfmbufe!up!uif!nfbtvsfnfou!pg!mjbcjmjujft!)boe!bttfut-!jg!boz*!bttpdjbufe!xjui!BSPt!jo!b! <br />hpwfsonfou!bdrvjtjujpo!bsf!fggfdujwf!gps!hpwfsonfou!bdrvjtjujpot!pddvssjoh!jo!sfqpsujoh!qfsjpet!cfhjoojoh!bgufs! <br />Kvof!26-!3131/ <br />Fbsmjfs!bqqmjdbujpojt!fodpvsbhfe!boe!jt!qfsnjuufe!cz!upqjd/ <br />How the Changes in This Statement Will Improve Accounting and Financial Reporting <br />Uif!sfrvjsfnfout!pg!uijt!Tubufnfou!xjmm!foibodf!dpnqbsbcjmjuz!jo!uif!bqqmjdbujpo!pg!bddpvoujoh!boe!gjobodjbm!sfqpsujoh! <br />sfrvjsfnfout!boe!xjmm!jnqspwf!uif!dpotjtufodz!pg!bvuipsjubujwf!mjufsbuvsf/!Npsf!dpnqbsbcmf!sfqpsujoh!xjmm!jnqspwf!uif! <br />vtfgvmoftt!pg!jogpsnbujpo!gps!vtfst!pg!tubuf!boe!mpdbm!hpwfsonfou!gjobodjbm!tubufnfout/ <br />GASB Statement No. 93- Replacement of Interbank Offered Rates <br />Summary <br />Uif!pckfdujwf!pg!uijt!Tubufnfou!jt!up!beesftt!uiptf!boe!puifs!bddpvoujoh!boe!gjobodjbm!sfqpsujoh!jnqmjdbujpot!uibu!sftvmu! <br />gspn!uif!sfqmbdfnfou!pg!bo!JCPS/!Uijt!Tubufnfou!bdijfwft!uibu!pckfdujwf!cz; <br />Qspwjejoh!fydfqujpot!gps!dfsubjo!ifehjoh!efsjwbujwf!jotusvnfout!up!uif!ifehf!bddpvoujoh!ufsnjobujpo!qspwjtjpot! <br />xifo!bo!JCPS!jt!sfqmbdfe!bt!uif!sfgfsfodf!sbuf!pg!uif!ifehjoh!efsjwbujwf!jotusvnfou“t!wbsjbcmf!qbznfou <br />Dmbsjgzjoh!uif!ifehf!bddpvoujoh!ufsnjobujpo!qspwjtjpot!xifo!b!ifehfe!jufn!jt!bnfoefe!up!sfqmbdf!uif!sfgfsfodf! <br />sbuf <br />Dmbsjgzjoh!uibu!uif!vodfsubjouz!sfmbufe!up!uif!dpoujovfe!bwbjmbcjmjuz!pg!JCPSt!epft!opu-!cz!jutfmg-!bggfdu!uif! <br />bttfttnfou!pg!xifuifs!uif!pddvssfodf!pg!b!ifehfe!fyqfdufe!usbotbdujpo!jt!qspcbcmf <br />Sfnpwjoh!MJCPS!bt!bo!bqqspqsjbuf!cfodinbsl!joufsftu!sbuf!gps!uif!rvbmjubujwf!fwbmvbujpo!pg!uif!fggfdujwfoftt!pg! <br />bo!joufsftu!sbuf!txbq <br />Jefoujgzjoh!b!Tfdvsfe!Pwfsojhiu!Gjobodjoh!Sbuf!boe!uif!Fggfdujwf!Gfefsbm!Gvoet!Sbuf!bt!bqqspqsjbuf!cfodinbsl! <br />joufsftu!sbuft!gps!uif!rvbmjubujwf!fwbmvbujpo!pg!uif!fggfdujwfoftt!pg!bo!joufsftu!sbuf!txbq <br />Dmbsjgzjoh!uif!efgjojujpo!pg!sfgfsfodf!sbuf-!bt!ju!jt!vtfe!jo!Tubufnfou!64-!bt!bnfoefe <br />Qspwjejoh!bo!fydfqujpo!up!uif!mfbtf!npejgjdbujpot!hvjebodf!jo!Tubufnfou!98-!bt!bnfoefe-!gps!dfsubjo!mfbtf <br />dpousbdut!uibu!bsf!bnfoefe!tpmfmz!up!sfqmbdf!bo!JCPS!bt!uif!sbuf!vqpo!xijdi!wbsjbcmf!qbznfout!efqfoe <br />8 <br />152 <br />