Warren Ruppel, CPA (Woodcliff Lake, NJ), is the author of four Wiley accounting publications, including Wiley GAAP for Governments, and two CCH Miller accounting and auditing books. He began his career at KPMG Peat Marwick in 1979 and joined Deloitte & Touche in 1989 to specialize in not-for-profit organizations and audits of governments. Mr. Ruppel has since served as the chief financial officer of an international not-for-profit organization and as the assistant comptroller responsible for the accounting and financial reporting for one of the largest cities in the U.S.

• Preface vii About the Author ix 1 New Developments 1 2 Foundations of Governmental Accounting 11 3 Fund Accounting Fundamentals 33 4 General Fund and Special Revenue Funds 53 5 Capital Projects Funds 65 6 Debt Service Funds 77 7 Proprietary Funds 85 8 Fiduciary Funds 97 9 Financial Statements Prepared by Governments 103 10 The Importance of Budgets to Governments 169 11 Definition of the Reporting Entity 181 12 Cash and Investments Valuation and Disclosures 225 13 Derivative Instruments 269 14 Capital Assets 295 15 Debt and Other Obligations 321 16 Landfill Closure and Postclosure Care Costs 359 17 Postemployment Benefits Pension and Other 369 18 Compensated Absences 421 19 Accounting for Leases 431 20 Nonexchange Transactions 451 21 Risk Financing and Insurance-Related Activities/Public Entity Risk Pools 465 22 Pension and OPEB Plan Financial Statements 491 23 Educational and Other Governmental Entities 567 Appendix: Disclosure Checklist 581 Index 623

Warren Ruppel, CPA (Woodcliff Lake, NJ), is the author of four Wiley accounting publications, including Wiley GAAP for Governments, and two CCH Miller accounting and auditing books. He began his career at KPMG Peat Marwick in 1979 and joined Deloitte & Touche in 1989 to specialize in not-for-profit organizations and audits of governments. Mr. Ruppel has since served as the chief financial officer of an international not-for-profit organization and as the assistant comptroller responsible for the accounting and financial reporting for one of the largest cities in the U.S.

• Preface vii About the Author ix 1 New Developments 1 2 Foundations of Governmental Accounting 11 3 Fund Accounting Fundamentals 33 4 General Fund and Special Revenue Funds 53 5 Capital Projects Funds 65 6 Debt Service Funds 77 7 Proprietary Funds 85 8 Fiduciary Funds 97 9 Financial Statements Prepared by Governments 103 10 The Importance of Budgets to Governments 169 11 Definition of the Reporting Entity 181 12 Cash and Investments Valuation and Disclosures 225 13 Derivative Instruments 269 14 Capital Assets 295 15 Debt and Other Obligations 321 16 Landfill Closure and Postclosure Care Costs 359 17 Postemployment Benefits Pension and Other 369 18 Compensated Absences 421 19 Accounting for Leases 431 20 Nonexchange Transactions 451 21 Risk Financing and Insurance-Related Activities/Public Entity Risk Pools 465 22 Pension and OPEB Plan Financial Statements 491 23 Educational and Other Governmental Entities 567 Appendix: Disclosure Checklist 581 Index 623

Warren Ruppel, CPA (Woodcliff Lake, NJ), is the author of four Wiley accounting publications, including Wiley GAAP for Governments, and two CCH Miller accounting and auditing books. He began his career at KPMG Peat Marwick in 1979 and joined Deloitte & Touche in 1989 to specialize in not-for-profit organizations and audits of governments. Mr. Ruppel has since served as the chief financial officer of an international not-for-profit organization and as the assistant comptroller responsible for the accounting and financial reporting for one of the largest cities in the U.S.

• Preface vii About the Author ix 1 New Developments 1 2 Foundations of Governmental Accounting 11 3 Fund Accounting Fundamentals 33 4 General Fund and Special Revenue Funds 53 5 Capital Projects Funds 65 6 Debt Service Funds 77 7 Proprietary Funds 85 8 Fiduciary Funds 97 9 Financial Statements Prepared by Governments 103 10 The Importance of Budgets to Governments 169 11 Definition of the Reporting Entity 181 12 Cash and Investments Valuation and Disclosures 225 13 Derivative Instruments 269 14 Capital Assets 295 15 Debt and Other Obligations 321 16 Landfill Closure and Postclosure Care Costs 359 17 Postemployment Benefits Pension and Other 369 18 Compensated Absences 421 19 Accounting for Leases 431 20 Nonexchange Transactions 451 21 Risk Financing and Insurance-Related Activities/Public Entity Risk Pools 465 22 Pension and OPEB Plan Financial Statements 491 23 Educational and Other Governmental Entities 567 Appendix: Disclosure Checklist 581 Index 623