The Office of Public Instruction has posted guidance regarding GASB Statement No. 84 on the OPI website.  To view: CLICK HERE  

The effective date of this statement is the fiscal year starting July 1, 2019 and applies to all state and local governments.  For those districts preparing their own financial statements please be aware that during the transition any changes should be applied retroactively by restating financial statements for all prior periods presented. 

GASB 84 regards the identification of fiduciary activities for accounting and financial reporting purposes and how those activities should be reported.  For most districts the effect of this statement will concern the reporting of Student Activity Funds which is addressed in the guidance. 

For further detail how this might affect you please go to the OPI web site or contact Dan Moody at dan.moody.mt.gov or call at 444-0701.