GASB 103 for Utilities
GASB 103 for Utilities
Event Type: Webinar
Dates and Times
February 10, 2026 2 - 3 p.m. ET
Speakers
Event Details
Field of Study: Accounting (Governmental)
Level: Update
Credits: 1
Prerequisite: Knowledge of state and local governmental accounting and financial reporting
Details
Public utilities with fiscal year ends of June 30, 2026, and after will be implementing GASB Statement No. 103, Financial Reporting Model Improvements (GASB 103). In this webinar we will discuss the financial reporting requirements of GASB 103 related to public utilities that are a stand-alone business-type entity or are an enterprise fund of a government. The new guidance not only changes the presentation of the statement of revenues, expenses and changes in fund net position but also how certain revenues and expenses are classified as operating or nonoperating. This webinar will cover the presentation requirements and discuss how common transactions will be classified.
This webinar is free for GFOA Utility Finance Forum members.
Who Will Benefit
- State and local governmental accounting and financial reporting professionals, CFOs, and auditors.
Learning Objectives
Those who successfully complete this webinar should be able to:
- Understand the definitions of operating and nonoperating revenues and expenses
- Understand the definition of a subsidy
- Identify why certain transactions are reported as operating or nonoperating revenues and expenses
- Structure the statement of revenues, expenses and changes in fund net position with the new presentation requirements
- Understand the new content requirements for the MD&A
Member Price: $55.00
Non-Member Price: $110.00