Norwalk, Conn. (Dec. 16, 2002) -- The Governmental Accounting Standards Board has issued an Exposure Draft that clarifies existing guidance on budgetary comparisons in GASB Statement No. 34, Basic Financial Statements-and Management's Discussion and Analysis-for State and Local Governments.
The amendment, Budgetary Comparison Schedules-Perspective Differences, would apply to governments with budgetary structures that prevent them from being able to present budgetary comparison information for their general funds and major special revenue funds, as currently required by Statement 34. The comment period ends on Feb. 28, 2003. The Exposure Draft can be ordered calling (800) 748-0659.
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