Two new white papers explain GASB Nos. 40 and 45.

• Position: NEW NAME - Brief Article

CalCPA's Governmental Accounting and Auditing Committee, with the California Committee on Municipal Accounting, has issued two white papers.

One of the white papers offers several California-specific examples that incorporate the application of GASB No. 40, Deposit and Investment Risk Disclosures, effective for years ending June 30, 2005 or later.

The other delves into the impact of California's 2004-05 budget on key local government revenues.

In addition, a white...