While this edition of the textbook was being written, the GASB was in the process of issuing an exposure draft for a new financial reporting model for state and local governments. By the time you read this case, a final version of the new financial reporting standard may have been issued because the standard is slated for issue in the first quarter of 2022. Perhaps one of the most significant changes in the new financial reporting model relates to governmental fund reporting. Under the new model, the current financial resources measurement focus will be replaced with the short-term financial resources measurement focus. Go to the GASB website (www.gasb.org) and locate the Financial Reporting Model exposure draft or final standard. Prepare a one page summary that defines what is meant by short-term measurement focus and explains why the GASB decided to adopt the new measurement focus for governmental fund reporting.