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Future Accounting Standard Changes (Continued) <br />Effective Date and Transition <br />Uif!sfnpwbm!pg!MJCPS!bt!bo!bqqspqsjbuf!cfodinbsl!joufsftu!sbuf!jt!fggfdujwf!gps!sfqpsujoh!qfsjpet!foejoh!bgufs! <br />Efdfncfs!42-!3132/!Bmm!puifs!sfrvjsfnfout!pg!uijt!Tubufnfou!bsf!fggfdujwf!gps!sfqpsujoh!qfsjpet!cfhjoojoh!bgufs! <br />Kvof!26-!3131/!Fbsmjfs!bqqmjdbujpo!jt!fodpvsbhfe/Uif!fydfqujpot!up!uif!fyjtujoh!qspwjtjpot!gps!ifehf!bddpvoujoh! <br />ufsnjobujpo!boe!mfbtf!npejgjdbujpot!jo!uijt!Tubufnfou!xjmm!sfevdf!uif!dptu!pg!uif!bddpvoujoh!boe!gjobodjbm!sfqpsujoh! <br />sbnjgjdbujpot!pg!sfqmbdjoh!JCPSt!xjui!puifs!sfgfsfodf!sbuft/!Uif!sfmjbcjmjuz!boe!sfmfwbodf!pg!sfqpsufe!jogpsnbujpo!xjmm!cf! <br />nbjoubjofe!cz!sfrvjsjoh!uibu!bhsffnfout!uibu!fggfdujwfmz!nbjoubjo!bo!fyjtujoh!ifehjoh!bssbohfnfou!dpoujovf!up!cf! <br />bddpvoufe!gps!jo!uif!tbnf!nboofs!bt!cfgpsf!uif!sfqmbdfnfou!pg!b!sfgfsfodf!sbuf/!Bt!b!sftvmu-!uijt!Tubufnfou!xjmm!qsftfswf! <br />uif!dpotjtufodz!boe!dpnqbsbcjmjuz!pg!sfqpsujoh!ifehjoh!efsjwbujwf!jotusvnfout!boe!mfbtft!bgufs!hpwfsonfout!bnfoe!ps! <br />sfqmbdf!bhsffnfout!up!sfqmbdf!bo!JCPS/ <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. 94!.!Public-Private and Public-Public Partnerships and Availability Payment Arrangements <br />Summary <br />Uif!qsjnbsz!pckfdujwf!pg!uijt!Tubufnfou!jt!up!jnqspwf!gjobodjbm!sfqpsujoh!cz!beesfttjoh!jttvft!sfmbufe!up!qvcmjd.qsjwbuf!boe! <br />qvcmjd.qvcmjd!qbsuofstijq!bssbohfnfout!)QQQt*/!Bt!vtfe!jo!uijt!Tubufnfou-!b!QQQ!jt!bo!bssbohfnfou!jo!xijdi!b! <br />hpwfsonfou!)uif!usbotgfsps*!dpousbdut!xjui!bo!pqfsbups!)b!hpwfsonfoubm!ps!opohpwfsonfoubm!foujuz*!up!qspwjef!qvcmjd! <br />tfswjdft!cz!dpowfzjoh!dpouspm!pg!uif!sjhiu!up!pqfsbuf!ps!vtf!b!opogjobodjbm!bttfu-!tvdi!bt!jogsbtusvduvsf!ps!puifs!dbqjubm! <br />bttfu!)uif!voefsmzjoh!QQQ!bttfu*-!gps!b!qfsjpe!pg!ujnf!jo!bo!fydibohf!ps!fydibohf.mjlf!usbotbdujpo/!Tpnf!QQQt!nffu!uif! <br />efgjojujpo!pg!btfswjdf!dpodfttjpo!bssbohfnfou!)TDB*-!xijdi!uif!Cpbse!efgjoft!jo!uijt!Tubufnfou!bt!b!QQQ!jo!xijdi!)2*! <br />uif!pqfsbups!dpmmfdut!boe!jt!dpnqfotbufe!cz!gfft!gspn!uijse!qbsujft<!)3*!uif!usbotgfsps!efufsnjoft!ps!ibt!uif!bcjmjuz!up! <br />npejgz!ps!bqqspwf!xijdi!tfswjdftuif!pqfsbups!jt!sfrvjsfe!up!qspwjef-!up!xipn!uif!pqfsbups!jt!sfrvjsfe!up!qspwjef!uif! <br />tfswjdft-!boe!uif!qsjdft!ps!sbuft!uibu!dbo!cf!dibshfe!gps!uif!tfswjdft<!boe!)4*!uif!usbotgfsps!jt!foujumfe!up!tjhojgjdbou! <br />sftjevbm!joufsftu!jo!uif!tfswjdf!vujmjuz!pg!uif!voefsmzjoh!QQQ!bttfu!bu!uif!foe!pg!uif!bssbohfnfou/ <br />Uijt!Tubufnfou!bmtp!qspwjeft!hvjebodf!gps!bddpvoujoh!boe!gjobodjbm!sfqpsujoh!gps!bwbjmbcjmjuz!qbznfou!bssbohfnfout! <br />)BQBt*/!Bt!efgjofe!jo!uijt!Tubufnfou-!bo!BQB!jt!bo!bssbohfnfou!jo!xijdi!b!hpwfsonfou!dpnqfotbuft!bo!pqfsbups!gps! <br />tfswjdft!uibu!nbz!jodmvef!eftjhojoh-!dpotusvdujoh-!gjobodjoh-!nbjoubjojoh-!ps!pqfsbujoh!bo!voefsmzjoh!opogjobodjbm!bttfu!gps! <br />b!qfsjpe!pg!ujnf!jo!bo!fydibohf!ps!fydibohf.mjlf!usbotbdujpo/ <br />Effective Date and Transition <br />Uif!sfrvjsfnfout!pg!uijt!Tubufnfou!bsf!fggfdujwf!gps!gjtdbm!zfbst!cfhjoojoh!bgufs!Kvof!26-!3133-!boe!bmm!sfqpsujoh!qfsjpet! <br />uifsfbgufs/!Fbsmjfs!bqqmjdbujpo!jt!fodpvsbhfe/ <br />QQQt!tipvme!cf!sfdphoj{fe!boe!nfbtvsfe!vtjoh!uif!gbdut!boe!djsdvntubodft!uibu!fyjtu!bu!uif!cfhjoojoh!pg!uif!qfsjpe!pg! <br />jnqmfnfoubujpo!)ps!jg!bqqmjdbcmf!up!fbsmjfs!qfsjpet-!uif!cfhjoojoh!pg!uif!fbsmjftu!qfsjpe!sftubufe*/ <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!uif!efgjojujpot!pg!QQQt!boe!BQBt!boe! <br />qspwjejoh!vojgpsn!hvjebodf!po!bddpvoujoh!boe!gjobodjbm!sfqpsujoh!gps!usbotbdujpot!uibu!nffu!uiptf!efgjojujpot/!Uibu!vojgpsn! <br />hvjebodf!xjmm!qspwjef!npsf!sfmfwbou!boe!sfmjbcmf!jogpsnbujpo!gps!gjobodjbm!tubufnfou!vtfst!boe!dsfbuf!hsfbufs!dpotjtufodz! <br />jo!qsbdujdf/!Uijt!Tubufnfou!xjmm!foibodf!uif!efdjtjpo!vtfgvmoftt!pg!b!hpwfsonfou“t!gjobodjbm!tubufnfout!cz!sfrvjsjoh! <br />hpwfsonfout!up!sfqpsu!bttfut!boe!mjbcjmjujft!sfmbufe!up!QQQt!dpotjtufoumz!boe!ejtdmptf!jnqpsubou!jogpsnbujpo!bcpvu!QQQ! <br />usbotbdujpot/!Uif!sfrvjsfe!ejtdmptvsft!xjmm!bmmpx!vtfst!up!voefstuboe!uif!tdbmf!boe!jnqpsubou!btqfdut!pg!b!hpwfsonfou“t! <br />QQQt!boe!fwbmvbuf!b!hpwfsonfou“t!gvuvsf!pcmjhbujpot!boe!bttfut!sftvmujoh!gspn!QQQt/ <br />9 <br />153 <br />