Secure board approval for using ASC 980 or GASB 62 in the financial statements for rate stabilization
Facilitate rate recovery from customers with a solid resolution
Streamline your accounting approval process with the sample resolution
Rate stabilization will smooth earning
Rate stabilization is one of the more important uses of regulatory accounting under ASC 980 and GASB 62. Deferring revenues for future use will maintain earnings, help meet bond coverage, and smooth customer rate increases.
Rate stabilization is a foundational use of regulatory accounting
Board approval is needed to implement rate stabilization deferrals and uses. This resolution will be one that can provide blanket or specific approvals from your Board.
Rate stabilization is another tool to use in financial management
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