SURS Logo

Employer Access

Printer-friendly versionPDF version

This website is for use by SURS–covered agencies with official business only. Access to or provision of information on this website for any other purpose is a violation of state law and will be prosecuted.

Please exit if you entered this website by mistake.
Click EXIT to return to the SURS website.

Click here to access the Employer website


Fiscal Year 2018 Employer Normal Cost Notice



GASB STATEMENT NUMBER 68

Each individual employer GASB 68 Notice Posted on employer access reports page.

2015 External Audit Report of Pension Allocation
2015 - GASB Statement 67/68 Financial Report

The information provided in the posted GASB Financial Information is based on a measurement date of June 30, 2015. The information referenced that employers will reclassify their fiscal year 2016 pension expense related to federal/trust/grant/other contributions as Deferred Outflow. It also stated that employers will recognize their fiscal year 2016 pension expense related to federal/trust/grant/other contribution in fiscal year 2017. The reason for this accounting treatment is as follows; since the June 30, 2016 balance sheet reporting is based on a measurement date of June 30, 2015, the June 30, 2016 income statement must be aligned with the balance sheet and therefore requires the deferral of any employer contributions made after the measurement date. The contributions deferred in Fiscal Year 16 will be recognized in Fiscal Year 17, and Fiscal Year 17 contributions will then be deferred to the following year.

Questions were raised in the past concerning the impact of the expense deferral on other grant or community college special reporting requirements. The GASB statements do not provide guidance concerning reporting outside of the financial statements and related disclosures. Each employer should discuss this with their external auditors and determine the appropriate course of action.


SURS has an additional website for employer testing: Click here to enter the test environment.

 

Tags: