GASB has issued a Preliminary Views document, Financial Reporting Model Improvements. It is a follow up to the ITC proposed in December 2016. The PV introduces the short-term financial resources measurement focus for governmental funds which also brings a change in format to governmental fund financial statements. Also addressed in the PV is the definitions of operating and nonoperating revenues and expenses. The PV also addresses new subtotals for proprietary fund financial statements, requires two new variance columns for budgetary information and introduces a new schedule of government wide expenses by natural classification. Comments are due by February 15, 2019.