FAQ Category: GASB

*Note Both FY22 and FY21 Contributions for FRF were zero. Both FY22 and FY21 Employer Proportionate Allocation equals the FY20 rate.

10/26/22 – Sample FRF JE Employers With FYE 9-30-2022 Using 6-30-2022 Measurement Date

10/26/22 – FRF Sample Footnote For Employers With 9-30-2022 FYE Using 6-30-22 Measurement Date

10/26/22 – FRF Instructions For Sample Journal Entries, Footnote Disclosure and RSI For Employers With 9-30-22 FYE Using 6-30-22 Measurement Date

10/26/22 – PERSI GASB 68 2022 Allocation Report FRF

10/26/22 – PERSI GASB 68 2021 Allocation Report FRF

10/26/22 – PERSI 2022 Financial Statements

10/26/22 – FRF 2022 Actuary Report

This is an example of a journal entry for an employer with a September 30, 2022, fiscal year-end. If an employer has a different fiscal year-end (i.e. 8/31/22, 10/31/22, etc…) then the Deferred Outflows of Resources related to contributions subsequent to the measurement date would represent the total months of contributions after June 30, 2022, to the employers fiscal year-end.

10/25/22 – Sample JE Employers With FYE 9-30-2022 Using 6-30-2022 Measurement Date

10/25/22 – PERSI BASE PLAN Sample Footnote For Employers With a 9-30-2022 FYE Using 6-30-2022 Measurement Date

10/25/22 – PERSI BASE PLAN Instructions For Sample Journal Entries Footnote Disclosure and RSI For Employers With 9-30-22 FYE Using 6-30-22 Measurement Date

10/25/22 – GASB 68 2022 Base Plan Allocation Report

10/25/22 – GASB 68 2021 Base Plan Allocation Report

10/25/22 – PERSI 2022 Financial Statements

10/25/22 – PERSI 2022 Actuary Report

PERSI Base Plan

05/09/22 – PERSI GASB 75 2021 Allocation Report Schools

05/09/22 – PERSI GASB 75 2020 Allocation Report Schools

05/09/22 – Sample JE For Employers FYE 6-30-2022 Using 6-30-2021 Measurement Date Schools GASB75

05/09/22 – GASB 75 Sample Footnote And RSI For Employers With a 6-30-2022 FYE Using 6-30-2021 Measurement Date

* Due to the Sick Leave Rate Holiday (No Sick Leave Contributions in 2021) 2021 Allocation Rates will use the 2020 Allocation Rates

PERSI Base Plan

05/09/22 – PERSI GASB 75 2021 Allocation Report State

05/09/22 – PERSI GASB 75 2020 Allocation Report State

05/09/22 – Sample JE For Employers FYE 6-30-2022 Using 6-30-2021 Measurement Date State GASB75

05/09/22 – GASB 75 Sample Footnote And RSI For Employers With a 6-30-2022 FYE Using 6-30-2021 Measurement Date

* Due to the Sick Leave Rate Holiday (No Sick Leave Contributions in 2021) 2021 Allocation Rates will use the 2020 Allocation Rates

2022 – For Employers with a 6/30/2022 FYE using a 6/30/2021 Measurement Date

PERSI Base Plan

05/03/22 – Sample JE For Employers FYE 6-30-2022 Using 6-30-2021 Measurement Date

05/03/22 – PERSI BASE PLAN Sample Footnote For Employers With a 6-30-2022 FYE Using 6-30-2021 Measurement Date

05/03/22 – PERSI BASE PLAN Instructions For Sample Journal Entries Footnote Disclosure And RSI For Employers With 6-30-22 FYE Using 6-30-21 Measurement Date

05/03/22 – GASB 68 2021 Base Plan Allocation Report

05/03/22 – GASB 68 2020 Base Plan Allocation Report

05/03/22 – PERSI 2021 Financial Statements

05/03/22 – PERSI 2021 Actuary Report

The GASB 68 rules apply only to accounting and reporting. They do not apply to funding and will not be used to determine contribution requirements. The GASB 68 requirements will not change the actual pension liability; the only thing that changes is where and how pension costs are accounted for in financial statements.

PERSI Base Plan

04/21/21 – PERSI GASB 75 2020 Allocation Report Schools

04/21/21 – PERSI GASB 75 2019 Allocation Report Schools

04/21/21 – Sample JE For Employers FYE 6-30-2021 Using 6-30-2020 Measurement Date Schools GASB75

04/21/21 – GASB 75 Sample Footnote And RSI For Employers With a 6-30-2021 FYE Using 6-30-2020 Measurement Date

PERSI Base Plan

04/21/21 – PERSI GASB 75 2020 Allocation Report State

04/21/21 – PERSI GASB 75 2019 Allocation Report State

04/21/21 – Sample JE For Employers FYE 6-30-2021 Using 6-30-2020 Measurement Date State GASB75

04/21/21 – GASB 75 Sample Footnote And RSI For Employers With a 6-30-2021 FYE Using 6-30-2020 Measurement Date

2021 – For Employers with a 6/30/2021 FYE using a 6/30/2020 Measurement Date

PERSI Base Plan

04/20/20 – Sample JE For Employers FYE 6-30-2021 Using 6-30-2020 Measurement Date

04/20/20 – PERSI BASE PLAN Sample Footnote For Employers With a 6-30-2021 FYE Using 6-30-2020 Measurement Date

04/20/20 – PERSI BASE PLAN Instructions For Sample Journal Entries Footnote Disclosure And RSI For Employers With 6-30-21 FYE Using 6-30-20 Measurement Date

04/20/20 – GASB 68 2020 Base Plan Allocation Report

04/20/20 – GASB 68 2019 Base Plan Allocation Report

04/20/20 – PERSI 2020 Financial Statements

04/20/20 – PERSI 2020 Actuary Report

The GASB 68 rules apply only to accounting and reporting. They do not apply to funding and will not be used to determine contribution requirements. The GASB 68 requirements will not change the actual pension liability; the only thing that changes is where and how pension costs are accounted for in financial statements.

10/25/18 – Sample FRF JE Employers With FYE 9-30-2018 Using 6-30-2018 Measurement Date

10/25/18 – FRF Sample Footnote For Employers With 9-30-2018 FYE Using 6-30-18 Measurement Date

10/25/18 – FRF Instructions For Sample Journal Entries, Footnote Disclosure and RSI For Employers With a 9-30-18 FYE With a 6-30-18 Measurement Date

10/25/18 – PERSI GASB 68 2018 Allocation Report FRF

10/25/18 – PERSI GASB 68 2017 Allocation Report FRF

10/25/18 – PERSI 2018 Financial Statements

10/25/18 – FRF 2018 GASB 68 Actuary Report