Updated Guidance on GASB 96 – SBITAs

CPAs & Advisors

Jennifer Watkins
Jennifer Watkins CPA Principal CPAs & Advisors

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Michigan Department of Education’s (MDE) Michigan School Accounting Manual Committee (1022 Committee) updated guidance on GASB 96, Subscription-Based Information Technology Arrangements.

The additional guidance is related to Subscription-Based Information Technology Arrangement (SBITA) purchases with grant funds, including an update to U.S. Department of Education guidance that allows SBITAs to be charged to a grant in full if certain criteria are met. The guidance also includes frequently asked questions related to SBITAs. The updated guidance is included in Accounting Manual, Section II – Requirements, E.20 GASB #96 Supplemental Guidance.

 Read the Updated Guidance

If you have questions about SBITAs, please contact your Yeo & Yeo auditor.

For additional guidance in navigating GASB Statement No. 96, Subscription-based Information Technology Arrangements (SBITA), read our whitepaper: What School Districts Need to Know About GASB 96 Implementation.


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