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Douglas County commissioners approve GAAP waiver for fiscal 2025, agree to study accrual accounting options
Summary
The Douglas County Commission voted Jan. 22 to adopt a resolution waiving Generally Accepted Accounting Principles (GAAP) reporting for fiscal year 2025 and directed staff to study the costs and timeline of converting county accounting systems to GAAP.
The Douglas County Board of County Commissioners on Jan. 22 approved a resolution waiving the requirement to use generally accepted accounting principles (GAAP) for fiscal year 2025, maintaining the county’s current modified cash basis (KMAG) reporting under Kansas law. Commissioner Reid moved adoption of the resolution; the motion passed by voice vote.
Commissioners and members of the public questioned whether continuing the waiver reduces transparency and may affect future bond ratings. Commissioner Gene…
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