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Daily Douse

Month: October 2021

  • GASB & LOSAP – PART 3 OF 4

    Today we will take a closer look at GASB Statement 84. For the first two parts of this look at GASB & LOSAP, click here. Here is what you need to know about GASB Statement 84:

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  • DEPARTMENT RESPONSES POINT SYSTEM CATEGORY AMENDED

    Governor Hochul has signed bill S1210 / A6401 as Chapter 462 of the laws of 2021. Essentially, this new section of the General Municipal Law (GML) allows a LOSAP sponsor to adjust the department responses category of its point system to recognize that some groups of volunteers may be restricted from responding to certain types…

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  • GASB & LOSAP – PART 2 OF 4

    There are currently two GASB pronouncements that have a significant bearing on the reporting of LOSAP on the municipal sponsors financial statements. In this second part of our look at GASB and LOSAP, we’ll highlight GASB Statement 73. Notes about GASB Statement 73:​ Next we will highlight GASB Statement 84.

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