GASB requires governments to report a liability for obligations to permanently remove a capital asset from service. GASB Statement 83 focuses on obligations that meet the following criteria: 1. The obligation is for the retirement of a tangible capital asset. 2. The obligation is for the disposal of a replaced part that is a component of a tangible capital asset. 3. The obligation is for the environmental remediation associated with the retirement of a capital asset that results from the normal operation of that capital asset. OFR has developed the questionnaire below to assist in determining whether your agency has incurred an obligating event requiring recognition of an asset retirement obligation for this fiscal year.

This questionnaire is due July 8, 2020.

Remember to print before submitting.



MS Department of Finance and Administration
Office of Financial Reporting
POST OFFICE BOX 1060 * Jackson, Mississippi 39215-1060 * TEL: 601-359-2160 * FAX: 601-359-3896