Statement No. 6
Accounting and financial reporting for special assessments

Status

Issued: January 1987

Effective Date:

• Financial statements for periods beginning after June 15, 1987

Affects:

• Amends NCGAS 1 regarding the use of special assessment funds (principle 3 and ¶18, ¶20, ¶25–¶28, ¶30, and ¶90)
• Amends NCGAS 1 regarding long-term assets and liabilities resulting from and interest related to special assessment debt (principles 5 and 8, ¶19, ¶32, ¶42, ¶43, ¶46, ¶57, ¶68, ¶72, ¶73, ¶107, ¶108, ¶161, and fn14)
• Amends NCGAS 1, ¶63
• Amends NCGAS 1, ¶109
• Amends NCGAS 2, ¶5 and ¶6
• Amends NCGAS 5, ¶6
• Amends NCGAI 6, ¶5
• Supersedes AICPA SOP 75-3, ¶7

Affected by:

• Paragraph 13 amended by GASBS 34, ¶6 and GASBS 98, ¶4
• Paragraph 14 amended by GASBS 33, ¶7–¶14, ¶17, ¶18, and fn18 and GASBS 34, ¶6, ¶15, and ¶16
• Paragraph 15 amended by GASBS 33, ¶7–¶14, ¶17, ¶18, and fn18; GASBS 34, ¶15, ¶16, ¶80, ¶82, and ¶92; and GASBS 65, ¶30
• Paragraph 17 amended by GASBS 34, ¶15, ¶30, and ¶82
• Paragraph 19 amended by GASBS 34, ¶16, ¶50, ¶80, and ¶106 and GASBS 84, ¶18
• Paragraph 22 amended by GASBS 65, ¶30
• Paragraph 23 amended by GASBS 33, ¶7–¶14, ¶17, ¶18, and fn18; GASBS 34, ¶92, ¶100, and ¶103; and GASBS 63, ¶8
• Paragraph 24 amended by GASBS 14, ¶13
• Paragraph 25 superseded by GASBS 44, ¶3

Primary Codification Section Reference: S40

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