Negative Net Position Due to GASB68

ID Status Date Public/Private Industry AHACPA Contact
#8239 Closed public PHA Les Sparks
Customer Reply

Do you know how HUD will or may respond if segments of a PHA have a negative net position due to the implementation of GASB68?

Kathy Christensen

12/16/15 From Les

This has been conversation I had directly with REAC when I did training for them. If you have negative equity as a result of the adoption of GASB 68, make sure to include a comment in the submission indicating that the negative equity was a direct result of the adoption. I know it should be clear, but just to make sure…

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