GASB 68 and 71 Planning for the Second Year

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Changes to the Accounting Valuations

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Calculating CertainDeferred Outflows/Inflows

and NPL Sensitivity Disclosure

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Sensitivity Disclosure

To calculate the +1% and –1% amounts for disclosure, the NPL must be grossed up as follows

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Sensitivity Disclosure Calculation – EXAMPLE ONLY

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Deferred Outflows/Inflows of ResourcesAmortization

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(EARSL)

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Proportionate Share of Contributions

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Disclosure Sources

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Clarifications

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CEP = The total payroll of employees that are provided with pensions through the pension plan, including pensionable and non-pensionable amounts.

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http://www.gasb.org/jsp/GASB/Page/GASBSectionPage&cid=1176160042391#gasbs75

https://www.calpers.ca.gov/page/employers/actuarial-services/gasb

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https://www.calpers.ca.gov/docs/gasb-68-cost-sharing-guide.pdf

CCMA White Paper – Implementing GASB No. 68 Accounting and Financial Reporting for Pensions: http://www.calcpa.org/members/technical-resources/gaa-white-papers

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