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Iowa State Auditor

The fiscal 2017 AFR reflects the ending fund balances consistent with GASB 54. Where can I obtain additional information and explanation of GASB 54 and the GASB 54 components of fund balance?

In July 2011, the Iowa League of Cities issued an article "Impact of GASB 54" which includes information about GASB 54 revised fund type definitions as well as the new fund balance classifications. A copy of the article is available by clicking here (PDF). In addition, a description of each fund balance component is included in the cell notes in the Excel file. To view the descriptions, hover the mouse pointer over each fund balance component.

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