After working for over a decade, the GASB approved Statement No. 103, Financial Reporting Model Improvements, in April 2024. Statement 103 is as notable for what it doesn't change - modified accrual in the governmental funds - as for what it does change. Cover the amendments to Statement 34 that made the cut, including management's discussion and analysis, unusual or infrequent items, proprietary fund financial statements, operating and nonoperating revenues and expenses, budgetary comparisons and more.