Mar 08, 2016
From the Financial Reporting Network
The GASB recently issued Statement No. 80, Blending Requirements for Certain Component Units, an amendment of GASB Statement No. 14, which requires blending of a component unit incorporated as a not-for-profit corporation in which the primary government is the sole corporate member.
The GASB Statement is effective for financial reporting periods beginning after June 15, 2016. Earlier application is encouraged.