Question: Explain one new GASB pronouncement that the City adopted during the most recent fiscal year. GASB Statement No. 99 paragraphs 11-17, 18-22, and 23-25 were implemented by the City for the fiscal year ending June 30, 2023. There is no effect on the City's financial statements as a result of the implementation. See further discussion regarding the other paragraphs of GASB Statement No. 99 in Note F. Future adoptions of GASB pronouncements.