This content was published prior to the merger of equals between BKD and DHG on June 1, 2022. See all FORsights for the most up-to-date articles, webinars, and videos.
GASB Updates Public-Private Partnership Accounting
Due to perpetual funding shortages and the increasing need for large infrastructure projects, public-private partnerships are becoming more prevalent to construct, maintain and operate costly public services. Due to a wide variety of transaction structures, existing GASB guidance can be inadequate. This article provides details on Statement 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements, which was released in April 2020 and addresses gaps in existing accounting guidance.