Get What You Pay For: Reporting Enterprise Funds and Stand-Alone Business-Type Activities

Governments charge for many different kinds of goods and services they offer, often with the intent of covering all—or at least a significant portion of—the costs of providing those services, or even to generate additional revenues to subsidize other services.

This session will examine when governments are required to account for such activities as business-type activities (BTA), and when and why they might do so voluntarily. Both enterprise funds and stand-alone BTA financial statements will be impacted by the updates from GASB 103, and those changes will also be discussed in this session.