GASB 96 Quarterly Reporting

---

GASB 96, Subscription-Based Information Technology Arrangements

Learning Opportunities

• Link to available learning opportunities for FY2025

Deliverables

• FY2025 Contract Review Log
• FY2025 SBITA Template (with completed and signed Checklist)
• FY2025 SBITA Modification Template (if applicable)

Deadlines

• Q1: July 1-Sept 30 – Reporting deadline waived for FY2025
• Q2: July 1-Dec 31 – Due Jan 31
  • Updated Contract Review Log
  • Completed SBITA Template for any new or unmodified SBITAs 
• Q3: July 1-Mar 31 – Due Apr 30
  • Updated Contract Review Log
  • Completed SBITA Template for any new or unmodified SBITAs
  • Completed SBITA Modification Template for any modified SBITAs
• Q4: July 1-June 30 – Due July 15 (YE GASB 96 Reporting)
  • Updated Contract Review Log
  • Completed SBITA Template for any new or unmodified SBITAs
  • Completed SBITA Modification Template for any modified SBITAs

State of Wyoming Resources

• (1) GASB 96 Summary
• (2) PowerPoint Training
• (3) List of Possible SBITAs
• (4) Decision Tree
• (5) Calculation Tools: Subscription Term, Liability, Asset, Stages of Implementation
• (6) FY2025 Monthly Borrowing Rates
• (7) FY2025 SBITA Template Instructions
• (8) FY2025 SBITA Modification 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