Monday, April 1, 2013

Chapter 9 - GASB 39 foundations reporting criteria

What are the three criterion that require foundations to be reported according to GASB Statement 39?

1 comment:

  1. 1. The economic resources received or held by a seperate organization are entirely or almost entirely for the direct benefit of the primary government, its component units, or its constituents.

    2. The primary government, or its component units, is entitled or has the ability to access a majority of the economic resources received or held by a seperate organization.

    3. The economic resources received or held by an individual organization that the specific primary government is entitled to, or has the ability to otherwise access, are significant to that primary government.

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