For finance and budget folks, got time for a few questions?
The Task Force on State and Local Government Accounting on Natural Capital has developed a survey to share with all Municipal Finance and Budget Officers. Read on to answer a few questions.
Are you familiar with the Government Accounting Standards Board 62 (GASB 62) as it applies to financing distributed infrastructure? If so, please click here to answer a few questions that will help guide State policy on the matter.
The Task Force on State and Local Government Accounting for Natural Capital is part of the newly enacted Maryland Conservation Finance Act. The Task Force is collecting information on a specific accounting or examples that follow the Government Accounting Standards Board 62 (GASB 62).* Please answer the questions below to help the Task Force better understand the status of knowledge and use of this standard. *GASB Statement No. 62 for Regulated Operations (paragraphs 476 – 500) permits the recognition of Regulatory Assets due to the impact of regulation in the setting of rates to recover an entity’s costs. Statement No. 62 requires that the rates be designed to recover the costs of providing service and that it is reasonable to assume rates will be set to recover such costs.
Survey Questions