GASB 84 – Custodial Funds
The State Auditor’s Office is preparing for the Annual Comprehensive Financial Report and requests each agency to submit disclosure information on all custodial funds (historically referred to as agency funds). Custodial funds include assets held by the agency, in a trustee or agent capacity, for individuals, organizations or other governments. This includes certificates of deposits, but does not include an agency’s petty cash fund. Please include all new accounts and accounts that closed during the fiscal year. This information is also required for the annual external audit.
Please complete and return the following by July 31:
GASB 84 – Custodial Funds Balance Sheet and Income Statement
NOTE: YOUR BEGINNING NET POSITION MUST MATCH YOUR ENDING NET POSITION REPORTED AS OF 6/30
If the external auditors select your account for their audit sample, you may be required to provide copies of the remaining fiscal year bank statements.
Thank you for your cooperation. Should you have any questions, please contact the SAO Accounting Division at (307) 777-2460 or email@example.com.