We’re so proud of our Accounting team and to receive a shout-out from Ricky “Alan” Perry, Jr. from the Federal Accounting Standards Advisory Board for their work with our lease assets – we’re so lucky to have such amazing professionals as part of the Presidio Trust! Congrats on the great work, team!
FY 2024 agency financial reports were published today! And what better way to spend the entire day than reading a bunch of them? I managed to read about 8 and skim through a few others. Next week I hope to read about 30 more. Along with the reading, it was a day of reflection and pride. I know how much work folks put in to implementing the new leases standard and auditing it. The quality of the reporting I have read has been impressive. Congratulations to everyone for reaching this milestone. A special shout-out to the GSA OCFO team for successfully implementing the new standard and bringing over $26B in right-to-use lease assets onto their balance sheet. There are many other great examples as well, including U.S. Department of State, Presidio Trust, and many others. The public servants behind this reporting set a great example for the public sector segment of the profession in how to demonstrate accountability, serve the public interest, and honor the public trust. I will be analyzing and documenting the details of what I’m seeing in these AFRs, so I’ll have more to share at some point. Stay tuned.