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Douglas County commissioners again waive GAAP requirement for fiscal 2025; staff to study conversion costs
Summary
The Douglas County Commission voted to adopt a resolution waiving generally accepted accounting principles (GAAP) for fiscal year 2025 under Kansas statute; commissioners asked staff for a work session and a cost analysis of converting to GAAP accounting.
The Douglas County Board of County Commissioners voted to adopt a resolution waiving the requirement to use Generally Accepted Accounting Principles (GAAP) for the county’s financial reporting for fiscal year 2025 and will ask staff to study the costs and timeline for a possible future conversion.
Commissioner Reid moved to adopt the waiver under K.S.A. 75-1120aa; the motion was seconded and passed on a voice vote. There was no roll-call tally recorded on the public audio; commissioners spoke in favor of…
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