Changes to the MOU are aimed at addressing some of the criticisms of the FAF by the government organizations following the appointment of the GASB chair in December 2019.
New memo provides that the 100 percent cost share is retroactive for eligible work performed beginning January 20, 2020. A fact sheet highlighting the FEMA action can be found here.
Skelton will begin his duties as director with the GASB on April 1, 2021. He replaces David R. Bean, who will retire on March 31.