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Lease Accounting
The Battle about Money
The education industry provides a significant market for real property square-footage. Operation and management of that square-footage — often widely scattered across the globe — is a consideration in our lower #TotalCostofOwnership agenda. The Government Accounting Standards Board (FASB) has posted a public commenting opportunity on the answers to 81 questions that were posed in earlier drafts of its Implementation Guidance for Leases.
The requirements of this Implementation Guide apply to the financial statements of all state and local governments (which likely include school districts and public colleges, universities and technical schools). The objective of this Implementation Guide is to provide guidance that clarifies, explains, or elaborates on the requirements of Statement No. 87, Leases. You may enter your comments on the exposure draft linked below:
GASB EXPOSURE DRAFT—IMPLEMENTATION GUIDE—LEASES
Comments are due April 30th. Note that you will have to conform to GASB’s requirements for public comment. We follow the GASB suite, but do not advocate here. We are simply passing along the commenting opportunity. Administrative burden is often cited as an explanation for the rising costs of education so, to that extent, we have an interest in the future of this document. We encourage user-interest stakeholder in the administrative branches of educational organizations to collaborate directly with across the entire span of GASB consensus documents.
Of course, we are open every day at 11 AM Eastern time to walk through any standard. We also devote one hour every month to Finance & Management standards. See our CALENDAR for the next online teleconference.
Issue: [19-61]
Category: Finance & Management, Facility Asset Management
Colleagues: Richard Robben, John Kaczor, Matt Prozaki
#StandardsConnecticut
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PREVIOUS POSTS:
https://standardsmichigan.com/fasb-not-for-profit-entities-accounting-guidance-for-contributions/
Intellectual Property Management / Comments Due May 26th
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#WiseCampus
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Guidance for Grants and Agreements
The Office of Management and Budget is proposing to revise sections of Title 2 of the Code of Federal Regulations (CFR) Subtitle A-OMB Guidance for Grants and Agreements. The proposed revisions are limited in scope to support implementation of the President’s Management Agenda, Results-Oriented Accountability for Grants Cross-Agency Priority Goal (Grants CAP Goal) and other Administration priorities; implementation of statutory requirements and alignment of 2 CFR with other authoritative source requirements; and clarifications of existing requirements in particular areas within 2 CFR. These proposed revisions are intended to reduce recipient burden, provide guidance on implementing new statutory requirements, and improve Federal financial assistance management, transparency, and oversight.
Guidance for Grants and Agreements
Comments are due March 23rd.
We place selected legislative proposals that may affect infrastructure funding to education facility units on the standing agenda of our monthly Federal Legislation teleconference. See our CALENDAR for the next online meeting; open to everyone.
S. 2928 / Higher Education Sustainability Act of 2019
Photo by Architect of the Capitol | Left: The teacher and children in a “little red schoolhouse” represent an important part of American education in the 1800s.
Right: Students attend a land grant college, symbolic of the national commitment to higher learning.
Large Occupant Office Chairs
The Business and Institutional Furniture Manufacturers Association (BIFMA) produces a suite of product safety and performance standards that should of interest to the education facilities industry. After academic and administrative staff, interior cleaning and maintenance staffs employ the largest number of people.
Recent action in the development of furniture design, manufacture of safe and sustainable furniture in healthcare settings and for heavier occupants is noteworthy. Accordingly, BIFMA has released a redline of its standard BIFMA General-Purpose Large Occupant Office Chairs for public review.
Comments due March 30th
You may obtain an electronic copies for in-process standards from David Panning, (616) 285-3963, [email protected] You are encouraged to send comments directly to BIFMA (with copy to [email protected]).
John Peace Laptop Library Lounge | University of Texas, San Antonio
We find a great deal of interest in sustainable furniture climbing up the value chain and dwelling on material selection and manufacture. We encourage end-users in the education industry — specifiers, department facility managers, interior design consultants, housekeeping staff and even occupants — to participate in BIFMA standards setting. We keep the BIFMA suite on the standing agenda of our monthly “Interior Stuff” teleconference. See our CALENDAR for the next online meeting; open to everyone.
Issue: [15-267]
Contacts: Mike Anthony, Christine Fischer, Jack Janveja, Dave Panning
Category: Architectural, Facility Asset Management
LEARN MORE:
A Guide to United States Furniture Compliance Requirements
Methods of Testing HVAC Air Ducts
“The Wind” 1910 / Félix Vallotton
First published in 2000, Standard 126 is a joint project of ASHRAE and the Sheet Metal and Air Conditioning Contractors’ National Association (SMACNA). It was created to provide methods of testing to determine the strength and durability characteristics of HVAC ducts under various loading and environmental conditions. The intent of Standard 126 is to address all duct shapes and materials. To the project committee’s knowledge, no other publication addresses all of the structural and durability tests as comprehensively as this standard, although individual tests are covered under other standards
ASHRAE/SMACNA Standard 126 Methods of Testing HVAC Air Ducts
SMACNA uses the ASHRAE Public Commenting Facility:
Comments due April 6th
We maintain the ASHRAE/SMACNA suite on the standing agenda of our Mechanical Engineering Monthly teleconference. See our CALENDAR for the next online meeting; open to everyone.
Standing Agenda / Leviathan
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New update alert! The 2022 update to the Trademark Assignment Dataset is now available online. Find 1.29 million trademark assignments, involving 2.28 million unique trademark properties issued by the USPTO between March 1952 and January 2023: https://t.co/njrDAbSpwB pic.twitter.com/GkAXrHoQ9T
— USPTO (@uspto) July 13, 2023
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