Chapter 9: Purchased financial assets with credit deterioration. Publication date: 31 May 2022.Some recent, tentative FASB decisions on the accounting treatment of purchased financial assets will impact acquisitive institutions when finalized. On October 2, 2024, FASB began deliberations on its 2023 purchased financial assets proposal, focusing on the scope of assets subject to the grossup model. The Treasurer and Tax Collector mails the Annual Secured Property Tax Bills each year in October to every owner listed on the Secured Tax Roll. Independent Auditor's Report .