Mark your calendars – we will be offering our Budgeting, Accounting, and Reporting System (BARS) Roundtables again this fall. The Roundtables are free, three-hour sessions that are open to all local governments. Continue reading
The GAAP and cash basis BARS manuals have been updated, and the 2017 pension worksheet, notes and RSI templates are now available on our website at www.sao.wa.gov. The 2017 DRS Participating Employer Financial Information (PEFI) report is available at www.drs.wa.gov. Now that you have the information and tools you need to begin calculating your 2017 pension numbers, this is a great time to get started. As in the past, our Office will provide one-on-one assistance to local governments with their calculations. Please contact Debra.Burleson@sao.wa.gov or our online HelpDesk for assistance.
The BARS Manual also includes our new Other Postemployment Benefits (OPEB) web page. This includes a list of frequently asked questions we’ve received about Other Postemployment Benefits and implementing the new standard, GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, effective for fiscal years ending in 2018. These questions and answers are shown below. Continue reading
It’s that time of year again! The updated 2018 version of the Budgeting, Accounting and Reporting System (BARS) Manual will be available on our website in the third week of December. While users may notice several changes in this update, the most significant revision to the 2018 BARS Manual centers on reporting schedules for cities and counties, and specifically Schedule 07 – Cash Disbursements, and Schedule 11 – Cash Activity. A new schedule, Schedule 06 – Summary of Bank Reconciliation, makes an appearance in the 2018 cash-basis manual to accommodate those changes to Schedules 07 and 11. Continue reading
The GAAP and Cash Basis BARS manuals have been updated and are available on our website at www.sao.wa.gov.
In both manuals, the sections applicable to all government types are annotated with “All.” Any section applicable to a specific government type is clearly marked with the government type designation. Continue reading