The City of New Haven seeks the services of a qualified professional to review current and new lease and SBITA contracts and perform required analysis under GASB 87 and GASB 96 for the fiscal year ending June 30, 2024, with an option to renew for FY 2025 and 2026. The selected respondent will be responsible to perform the GASB 87 and 96 review and associated services if the contract is deemed eligible, including but not limited to the following tasks: 1. Review Contracts: Analyze all new leases and SBITA contracts to determine eligibility under GASB 87 and GASB 96. 2. Documentation: Provide a comprehensive list of all reviewed contracts, indicating whether they meet GASB 87 and 96 definitions, with supporting documentation. o For leases/SBITAs that meet the GASB 87 and 96 definitions, include key data such as qualification reasons, contract terms, payment terms, calculated liability/asset, and deferred outflow/inflow. 3. Master Schedule: Create a master schedule by GASB pronouncement summarizing calculations and relevant information for each lease/SBITA, including prior year expenses, current year expenses, and remaining life expenses...
