Self-Insured Schools of California (SISC) would like the opportunity to assist you in managing the financial impact created by the Governmental Accounting Standards Board Statement No. 45 (GASB 45). SISC has developed its own GASB 45 compliance program called SISC GASB 45 TRUST. There are several competing GASB 45 programs available, but we believe the SISC Trust affords you a preferred way to address your agency’s impending financial impact. SISC has designed a program that is cost effective with minimal administrative requirements. A single Trust Agreement, Trustee, Investment Policy and investment strategy for all members eliminates incurring these costs individually. Additionally, by adopting an irrevocable trust you will greatly reduce the audit disclosures required. The SISC GASB 45 Trust program will provide quarterly statements and annual audited financial statements that meet many of the reporting requirements for our member agencies.
For more information please review our SISC GASB 45 brochure