April 29, 2021

Michigan Committee on Governmental Accounting and Auditing Statements

April 29, 2021

Meeting Agenda

1. Call to order
2. Prior Meeting Minutes Approval
3. 2021-4(DRAFT) Compliance for Supplemental Pension Systems under Public Act 202 of 2017
4. Revision of MCGAA Statement No. 4
5. Road Commission Accounting Manual
6. Budget Manual (revised August 2001)
7. Revision/Retraction of MCGAA Statements
   1. Implementation of GASB Statement No. 54 Jun-11
   2. Funding of Retiree Health Care Obligations Jan-08
   3. Rescission of Statement No. 7 Nov-06 (removed)
   4. Accounting and Reporting Infrastructure Assets City and Villages Sep-06
   5. Accounting and Reporting Infrastructure Assets County Road Commissions Jul-06
   6. Accounting and Reporting Infrastructure Assets Local Water and Sewer Systems and County Drains Aug-01
   7. Revenue Recognition of Property Taxes May-01
   8. No-Commitment Debt or Conduit Debt Feb-01
   9. Financial Reporting of Deferred Compensation Plans in Michigan Jun-99
   10. Definition of the Financial Reporting Entity (A Consolidation of Prior Statements No. 4 and No. 5) Dec-05
   11. Accounting and Financial Disclosure of Building Authorities Nov-78
8. Upcoming Meetings
   1. July 15
   2. October 14
9. Suggested topics for next meeting
   1. Implementation Guidance Update—2021 Exposure Draft
10. Adjourn