Forvis Mazars published a guide addressing common questions about GASB Statement No. 103. The article explains that nonreciprocal interfund transfers are classified as subsidies rather than service payments. It clarifies that budgetary comparison schedules are required for the General Fund and major special revenue funds with legally adopted budgets. The guide also notes that interest expense on GASB 87 leases is always reported as a nonoperating expense.
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