Position Paper: Implementation of GASB 84 Fiduciary Activities

Published May 24, 2018

The MGFOA Standards Committee has published a position paper related to Implementation of GASB 84 Fiduciary Activities.

GASB 84 introduces a new concept to governmental financial statements: fiduciary activities. Historically, the GASB had defined governmental activities, and business-type activities, each of which are separately displayed in the government-wide financial statements. However, there was no similar definition for fiduciary activities, as the fiduciary funds are not displayed in the government-wide financial statements and are only presented in the fund financial statements.

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