Risk Retention Fund is Eliminated by Governmental Accounting Standards Board (GASB) Statement No. 10 - Accounting and Financial Reporting for Risk Financing and Insurance Issues

Types
Accounting Notices and Bulletins
Topics
Budgeting
Reporting
Release Date

This bulletin provides information on the elimination of the Risk Retention (Insurance Reserve) Special Revenue Fund (the CS fund) from the Uniform System of Accounts. It also provides information on how the activity in that fund must be reported in the general fund in the ST-3 Annual Financial Report for the year ended June 30, 1997. This change is needed to comply with GASB Statement 10.

Link
Link