GASB 96 Subscription-Based IT Arrangements Compliance

The contract requires expert guidance on compliance with GASB 96 for subscription-based IT arrangements, focusing on the identification of subscription-based IT arrangements, evaluation of service delivery models, and preparation of required financial disclosures. The work involves analyzing existing IT subscriptions to determine whether they meet the criteria under GASB 96, assessing the nature and terms of service provision to ensure proper accounting treatment, and documenting the necessary disclosures to align with state and local governmental accounting standards. The provider must possess deep knowledge of governmental accounting principles and practical experience applying GASB 96 to public sector IT contracts. The task is structured as a subcontract under the Finance Department of the City of South Lake Tahoe in California, with a NAICS code of 541211 indicating professional accounting services. The proposal deadline is August 4, 2026, and the work will apply to the agency’s internal IT subscription arrangements without specifying physical performance locations. The engagement demands precision in interpreting accounting standards, thorough documentation of findings, and clear communication of compliance positions to ensure accurate financial reporting in accordance with governmental GAAP. No set-aside provisions apply, and the contract remains open to qualified subcontractors capable of delivering technical expertise in public sector financial compliance.