Tax-exempt hospital rule changes

http://www.aicpa.org/Publications/TaxAdviser/2015/july/Pages/Tax_Clinic_05.aspx New guidance effective for tax years beginning after 12/29/15. This article summarizes

Proposed changes to the NFP reporting model

http://www.journalofaccountancy.com/issues/2015/jul/not-for-profit-financial-reporting.html The FASB exposure draft is highlighted in this Journal of Accountancy article. Changes proposed to classes of net assets and statement of cash flows, are two of the items. Improvements to liquidity discussions are also included. Aug 20 is the comment period deadline.

Economicly Distressed Communities

http://eig.org/news/a-first-look-eigs-distressed-communities-index More than 30 million living in economically distressed communities

Ranking of U.S. States fiscal health

http://taxprof.typepad.com/taxprof_blog/2015/07/50-state-fiscal-condition-ranking.html Research by Eileen Norcross of Mercatus Center, George Mason University - check out the map and download the background report Solvency for 5 indicators are measures used: cash, budget, long-run service-level, trust fund

GASB has a new GAAP Hierarchy

http://www.journalofaccountancy.com/news/2015/jun/gasb-hierarchy-state-local-governments-201512566.html