« Return to news

Implementation of GASB 67

January 16, 2015 | TARC updates
bhannah@vil.north-aurora.il.us

GASB Statement No. 67, which is effective for fiscal years beginning after June 15, 2013, applies to financial reports issued by downstate police and firefighters’ pension funds. If your downstate police and firefighters’ pension fund does not issue separate financial statements, then the information required by GASB Statement No. 67 should be presented in the municipality’s financial statements.  

For information on implementing GASB Statement 67, please review the whitepaper developed by the Technical Accounting and Review Committee (TARC).

Member services

Manage your IGFOA profile, settings, preferences, and more.

Manage your membership profile »
Username + password, contact info, etc.
Track your CPE credit »
Keep your credits up-to-date
Renew your membership »
Don't lose access to valuable benefits
Latest Job Listings

Browse all job listings »

Employers, find top candidates
Post a job listing »

Get Involved

The IGFOA needs you. Volunteers are key to our diverse programs and services. Please help the IGFOA continue to promote excellence in governmental finance.


Have something to share? We want to hear from you! Submit suggestions, comments, or ideas for articles and educational events »