The staff of the Local Government Commission (LGC) has released a new memorandum discussing Statement No. 102 of the Governmental Accounting Standards Board (GASB). Issued in December 2023, Statement 102 provides guidance related to certain risk disclosures and is now in effect for most local governments and public authorities in North Carolina.
Among other important information, the memo published by LGC staff includes key definitions and examples to assist units with the implementation of Statement 102.
Visit the State and Local Government Finance Division website to access this memo and previous memos from LGC staff.