Fair Market Value (GASB 31)

Dear School Business Officials,
The Santa Babara County Treasurer has released information necessary to calculate the fair market value of your deposits in the pool as of June 30, 2024, which is required to prepare your financial statements in accordance with GASB 31. You can access their official correspondence on the SBAS Year-End Close Webpage<sbasweb.sbceo.org/finance/year-end-close>.
Please contact your Auditor or District Financial Advisor with any questions regarding posting FMV adjustments.
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>