: GASB 65 alters how major funds are calculated by including these deferred elements in the percentage-based tests. Compliance for Local Governments :
: These elements are reported separately from assets and liabilities to show the "net position" of a government entity. baoufst-65-lfn-abzcqfclk-uupzc
To ensure consistency by limiting the use of the term "deferred" only to these specific categories. : : GASB 65 alters how major funds are