GASB Updates Public-Private Partnership Accounting
Thoughtware Alert
Published: Jun 15, 2020
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Due to perpetual funding shortages and the increasing need for large infrastructure projects, public-private partnerships are becoming more prevalent to construct, maintain and operate costly public services. Due to a wide variety of transaction structures, existing GASB guidance can be inadequate. This article provides details on Statement 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements, which was released in April 2020 and addresses gaps in existing accounting guidance.
