New Compliance Requirements for GASB 87 and GASB 96

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Published:
March 30, 2021

AFM is in the process of collecting information in order to meet new requirements introduced through GASB 87 (leases) and GASB 96 (subscription-based information technology arrangements). We need the following information for contracts active as of September 1, 2020 in order to build a complete repository to reach compliance with the new requirements.

GASB 87 Lease Information:

  • Original lease contracts
  • Amendments
  • Extension Agreements
  • Term Extension Confirmations
  • Payment schedules
  • Any other relevant information

GASB 96 Software-Based Information Technology Arrangements:

  • Original software contracts
  • Amendments
  • Extension Agreements
  • Term Extension Confirmations
  • Payment schedules
  • Any other relevant information

Please send your documents related to either of the above or any questions you might have to GASB@austin.utexas.edu.