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.  For FY2024, the SAO Accounting Division will provide training to agencies and detail the processes required to help agencies accurately and completely report SBITA information.  This information is not yet available. 

For FY2024, the GASB 96 reporting information will be due to the SAO Accounting Division by July 31st.  For FY2025 and later, the GASB 96 reporting information will be due to the SAO Accounting Division by July 15th.  

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.