NOTICE OF MEETINGS
of the
GOVERNMENTAL ACCOUNTING STANDARDS BOARD



Date August 8 and 9, 2016 (Monday and Tuesday)
Place: Place: Hyatt Regency McCormick Place Hotel
2233 South Martin Luther King Drive
Chicago, IL
Time: Monday: 1:00–5:00 p.m.; Tuesday: 8:30 a.m.–2:00 p.m.
   
Agenda:  Governmental Accounting Standards Advisory Council (GASAC): The Board will meet with members of the GASAC to receive feedback on current technical agenda projects, emerging issues, and operational review recommendations.

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Date August 10, 2016 (Wednesday)
Place: GASB Offices, Norwalk, CT (Board Room)
Time: 8:30 a.m.–5:00 p.m.
   
Agenda: Board Meeting Minutes: The Board will review and consider for approval the tentative minutes from the June 21, 2016 Financial Reporting Model Task Force meeting and the July 11, 2016 teleconference.

Certain Debt Extinguishments: The Board will review a preballot draft of the proposed Exposure Draft, Certain Debt Extinguishments.

Omnibus: The Board will discuss additional issues associated with postemployment benefits and review a preballot draft of the proposed Exposure Draft, Omnibus. The Exposure Draft addresses certain issues related to reporting component units, reclassification of goodwill, fair value measurement, and postemployment benefits.

Asset Retirement Obligations: The Board will continue to redeliberate issues related to asset retirement obligations that were raised by respondents to the Exposure Draft, Certain Asset Retirement Obligations. Issues to be discussed include recognition and subsequent measurement of liabilities and deferred outflow of resources, as well as issues associated with notes to the financial statements.

Fiduciary Activities: The Board will continue to redeliberate issues related to the identification and reporting of fiduciary activities that were raised by respondents to the Exposure Draft, Fiduciary Activities.


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Date: August 11, 2016 (Thursday)
Place: GASB Offices, Norwalk, CT (Board Room)
Time: 8:30 a.m.–5:00 p.m.
   
Agenda: Leases: The Board will begin to redeliberate issues associated with the definition of a lease, a lease term, and the scope of a final Statement that were raised by respondents to the Exposure Draft, Leases.

Financial Reporting Model—Reexamination: The Board will review the feedback received at the June 21, 2016 task force meeting as it continues to develop an Invitation to Comment.

Revenue and Expense Recognition: The Board will discuss the conceptual basis for the performance obligation approach as it applies to revenue and expense transactions.


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Date August 11, 2016 (Thursday)
Place: GASB Offices, Norwalk CT
Time: 5:15–6:00 p.m.
   
Agenda: Administrative Meeting (closed to the public).
   
   
Date: August 12, 2016 (Friday)
Place: GASB Offices, Norwalk, CT (Board Room)
Time: 8:30 a.m.–12:00 p.m.
   
Agenda: Revenue and Expense Recognition: A continuation of yesterday’s discussion (if necessary).

Technical Plan: The Board will review and consider for approval the proposed technical plan for the final third of 2016.


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If you plan to observe the GASAC meetings, please notify GASB staff member Greta DeAngelis at (203) 956-5289 or via email at ghdeangelis@gasb.org. In addition, because of the FAF’s security procedures, visitors are required to register at least 24 hours before each meeting they are planning to attend.

Recordings of away GASAC meetings are now available 24 hours after the conclusion of each meeting and remain available for 30 days. To access the recordings, visit the Webcast Recordings section of the GASB website, www.gasb.org, and click on the date of the meeting.

If you plan to observe the GASB meetings, please notify Ragan Vincent at 203-956-5372 or by email at rpvincent@gasb.org. In addition, because of the FAF’s security procedures, visitors are required to register at least 24 hours before each meeting they are planning to attend.
 
Norwalk Board meetings are now available by video webcast. To access the webcast, visit the Meetings section of the GASB website, www.gasb.org, and click on the picture of the Board room on the Live Meeting Webcasts page.