Which of the following is NOT included in the GASB-defined "Economic Condition Report"?

The correct choice is future staffing needs, as this element is not traditionally part of the "Economic Condition Report" defined by the Governmental Accounting Standards Board (GASB). The Economic Condition Report focuses primarily on a government's current financial position, fiscal capacity, and service capacity.

Current financial position refers to the present status of financial resources, aiding stakeholders in understanding the financial health of the entity. Fiscal capacity encompasses a government's ability to generate revenue and manage fiscal resources effectively, reflecting its overall financial resilience and potential for funding current and future obligations. Service capacity relates to the government's ability to provide services to its residents, measured by the continuity and efficacy of service provision based on economic resources.

Future staffing needs, while an important consideration in government planning and human resource management, falls outside the scope of what is analyzed and reported in the Economic Condition Report. This report is more focused on financial metrics and public resource management rather than staffing forecasts. Hence, it is the component that does not belong in this specific context.