GASB Proposes Implementation Guidance Related to Requirements for Subsidies

The GASB has released a proposed implementation guide containing Q&As that would clarify the requirements for subsidies in Statement No. 103, Financial Reporting Model Improvements. The proposed guide would “apply to proprietary fund financial statements of all state and local governments and the financial statements of all state and local government business-type activities.”

Comments on the proposed guide are due by April 27, 2026. For more information, see the press release on the GASB’s Web site.