Technical Accounting Review Committee (TARC)
Monitors and comments on activities and rulings of the Governmental Accounting Standards Board (GASB). The committee provides testimony on GASB standards and educates the IGFOA membership on those standards….
May 6, 2016
TARC Recommends Accounting Treatment for PPRT Revenue Misallocation
Background In late April, local governments received a notice from the Illinois Department of Revenue (IDOR) that a misallocation of Personal Property Replacement Taxes (PPRT) had resulted in an overpayment of an estimated $168 million to local gover…
April 29, 2016
White Paper on GASB Statement 61, The Financial Reporting Entity: Omnibus
GASB Statement 61, The Financial Reporting Entity: OmnibusIGFOA – Technical Accounting Review Committee (TARC) White PaperJanuary 2014 General Overview of the StatementsMost state and local governments in Illinois are required to have an annual……
January 31, 2014