GASB 87 procurements impact airports as both lessees and lessors. This podcast examines the specific parts of GASB 87 that airports need to address. Cherry Bekaert’s Greg Miller, leader of Cherry Bekaert’s Government Services Transportation Team, sits down with Alex Wiley, Senior Manager with the Firm’s Risk and Accounting Advisory Services, to discuss the GASB 87 lease requirements. Topics covered include:

• What are aeronautical leases and how to report them
• How airports report non-regulated leases
• Guidelines for tracking leases 
• When to consider software tracking technology 

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