Refer to the attached NYC CAFR-FY 2019 -Fiduciary Fund Financial Statement. Assume that NYC collected...
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Refer to the attached NYC CAFR-FY 2019 -Fiduciary Fund Financial Statement.
Assume that NYC collected special fees of $1,000 on behalf of Nassaut County during the FY 2019 and planned to forward the money to Nassaut County. This transaction was not reflected in the FY 2019 CAFR. If this transaction is added to the NYC CAFR-FY 2019 based on the implementation of GASB 84, then the financial impact will be:
gasbs84.pdf
Pension and other employee benefit trust fundss Asset and Liability will be increased by $1,000
Pension and other employee benefit trust fundss Addition and Deduction will be increased by $1,000
Agency Funds Asset and Liability will be increased by $1,000
Agency Funds Addition and Dedcution will be increased by $1,000
Agency Funds Asset and Liability will be increased by $1,000
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