GASB 96 – Subscription-Based Information Technology Arrangements (SBITAs)

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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 FY2026 and later, agencies have quarterly reporting requirements, with the year-end due date of 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.