GASB 96 – Subscription-Based Information Technology Arrangements (SBITAs)
GASB 96 Reporting
The Governmental Accounting Standards Board (GASB) requires certain Subscription-Based Information Technology Arrangements (SBITA) to be recorded as a subscription asset in the Annual Comprehensive Financial Report. Additionally, a subscription liability must be recorded for any future remaining payments. The State of Wyoming implemented this standard in the FY2023 ACFR.
Every agency must report on GASB 96 to the SAO. For FY2024, the GASB 96 reporting information is due to the SAO Accounting Division by July 31st. For FY2025 and later, agencies will have quarterly reporting requirements, with the year-end due date of July 15th.
Deliverables
For FY2024, the following items are required to be submitted to the SAO Accounting Division by July 31st.
The following tools and resources are available to help agencies accurately and completely report SBITA information.
State of Wyoming Resources
- (1) GASB 96 Summary
- (2) PowerPoint Training
- (3) List of Possible SBITAs
- (4) Decision Tree
- (5) Calculation Tools
- (6) FY2024 Monthly Borrowing Rates
- (7) FY2024 SBITA Template Instructions
GASB Literature and Resources
- GASB Statement No. 96, Subscription-Based Information Technology Arrangements
- GASB Statement No. 87, Leases
- GASB Statement No. 51, Accounting and Financial Reporting for Intangible Assets
- GASB Statement No. 99, Omnibus 2022
- GASB Implementation Guide No. 2019-3, Leases
- GASB Implementation Guide No. 2020-1, Implementation Guidance Update—2020
- GASB Implementation Guide No. 2021-1, Implementation Guidance Update—2021
- GASB Implementation Guide No. 2023-1, Implementation Guidance Update—2023
Thank you for your assistance in the compilation of the State’s Annual Comprehensive Financial Report. Please contact the SAO Accounting Division at (307) 777-2460 or saoaccounting@wyo.gov with any questions.