The string provided appears to be a garbled or encoded reference to , which deals with "Items Previously Reported as Assets and Liabilities." This standard is a fundamental part of local government financial reporting. Report: Implementation of GASB Statement No. 65 Core Objective :
: GASB 65 alters how major funds are calculated by including these deferred elements in the percentage-based tests. Compliance for Local Governments :
: These elements are reported separately from assets and liabilities to show the "net position" of a government entity.
To ensure consistency by limiting the use of the term "deferred" only to these specific categories. :