Account codes needed to implement GASB Statement No. 68, Accounting and Financial Reporting for Pensions, were released by the Texas Education Agency on September 14, 2015. School districts will be using the account codes to record and report the liabilities, assets, expenses, deferred outflows and deferred inflows related to GASB 68 in their annual financial report (AFR). The TEA announcement indicated revisions will be also released in the near future to Schedule L-1, Required Responses to Selected School FIRST Indicators.
To access the TO THE ADMINISTRATOR ADDRESSED letter on this topic dated September 14, 2015, click on the link below.
http://tea.texas.gov/interiorpage_wide.aspx?id=25769823017