February 28, 2003

Director of Research
Project No. 25-11E
Governmental Accounting Standards Board
401 Merritt 7, P.O. Box 5116
Norwalk, CT 06856-5116

RE:

Exposure Draft, Proposed Statement of the GASB udgetary Comparison Schedules—Perspective Differences

An Amendment of GASB Statements No. 34

Dear Sir:

On behalf of the Government and Nonprofit Section (Section) of the American Accounting Association, the Accounting and Auditing Standards Committee (Committee) appreciates the opportunity to comment on the above-referenced GASB exposure draft. The Committee, whose members are primarily academic accountants interested in governmental and nonprofit issues, reviews and responds to proposed standards of interest to the Section membership. The comments submitted are those of the Committee and do not necessarily represent the opinions of all members of the Government and Nonprofit Section or the American Accounting Association. Individual members may comment separately.

The Committee is in general agreement with the standard proposed in the Exposure Draft. We believe it is a practical solution to a problem area.

Again, we appreciate this opportunity to comment on the Exposure Draft. If you have any questions, or desire further details on the Committee's position, please contact me at 208-282-4292 or at pumplela@isu.edu at your convenience.

Respectfully,

Kitty Pumphrey
Lela D. "Kitty" Pumphrey, Chair
Accounting and Auditing Standards Committee
Government and Nonprofit Section of the American Accounting Association