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Sub-par customer service. If they keep this data siloed, then Procurement and Finance would not know to order more units or build that capacity in future budgets. In the early months of 2022, container ships stayed at ports in the United States for an average of seven days, a rate that has increased by 21% since the beginning of 2020.
What your peers are doing: A study done in 2020 by Cherry Bekaert highlights just how local governments are looking at the impact of GASB 87 on their financial statements and shows where they are in the process of adopting the standard. We have heard, Oh, we dont have lease payments, we have rent payments.
Defining SBITA and GASB 96 An SBITA, or Subscription-Based Information Technology Arrangement, is a type of service contract that gives governments access to information technology (IT) software and infrastructure, typically through cloud-based services.
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