1. www.eidebailly.com A Roundtable Discussion – The Devil’s in the Details! National Association of State Auditors, Comptrollers and Treasurers August 2015 GASB-68 – Where are we Now?

2. www.eidebailly.com 2 Topics on the Board Actuarial Assumptions and Methods Should we use new tables or actual experience? What about administrative expenses and the discount rate? Whose Contributions are they Anyway? Employers assuming employee contributions not in a special funding situation Pickup provisions Component Units and Funds Whose liability is it? Auditing Now that the guidance is out –what now? These seminar materials are intended to provide the seminar participants with guidance in accounting and financial reporting matters. The materials do not constitute, and should not be treated as professional advice regarding the use of any particular accounting or financial reporting technique. Every effort has been made to assure the accuracy of these materials. Eide Bailly LLP and the author do not assume responsibility for any individual's reliance upon the written or oral information provided during the seminar. Seminar participants should independently verify all statements made before applying them to a particular fact situation, and should independently determine consequences of any particular technique before recommending the technique to a client or implementing it on the client's behalf. 2

3. www.eidebailly.com 3 Topics on the Board GASBs future research What is compensation Taft Hartley Plan Getting the timing down Plans with other liabilities other then pensions and reserve funds outside the plan The downstream effect of GASB-68 What will legislatures think? Do they / should they get it? What else? These seminar materials are intended to provide the seminar participants with guidance in accounting and financial reporting matters. The materials do not constitute, and should not be treated as professional advice regarding the use of any particular accounting or financial reporting technique. Every effort has been made to assure the accuracy of these materials. Eide Bailly LLP and the author do not assume responsibility for any individual's reliance upon the written or oral information provided during the seminar. Seminar participants should independently verify all statements made before applying them to a particular fact situation, and should independently determine consequences of any particular technique before recommending the technique to a client or implementing it on the client's behalf. 3

4. www.eidebailly.com 4 877 W. Main St., Ste. 800 Boise, ID 83702-5858 12 Stedman Street, Apt. 2 Brookline, MA 02446 Eric S. Berman, CPA Partner Eide Bailly LLP T 208.424.3524 M 626.375.3600 E eberman@eidebailly.com www.eidebailly.com Experience the Eide Bailly Difference www.eidebailly.com Ken Kent, FSA, FCA, MAAA, EA Principal Consulting Actuary Cheiron 1750 Tysons Boulevard, Suite 1100 McLean, VA 22102 T 703.893.1456 ex 1003 M 703.623.4413 E kkent@cheiron.us www.cheiron.us Classic Values, Innovative Service Lealan Miller, CPA, CGFM Partner Eide Bailly LLP 877 W. Main Street, Ste. 800 Boise, ID, 83702-5858 T 208.383.4756 M 208.447-9306 E lmiller@eidebailly.com www.eidebailly.com Experience the Eide Bailly Difference www.eidebailly.com 4