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Commission approves GAAP-waiver resolution and year-end transfers after third-quarter financial review
Summary
The commission approved a GAAP-waiver resolution, authorized transfers to the Special Highway Improvement Fund, adopted 2026 public holidays and reviewed the county's third-quarter financial report, which showed mixed variances across funds.
Harvey County commissioners on Nov. 12 approved several fiscal items after a staff presentation of third-quarter financial statements.
Finance staff presented the county’s third-quarter numbers and highlighted notable items: general fund property-tax revenue and interest earn‑ ings were roughly on track, but correctional-fee revenue from federal inmates was below prior budgeted estimates; capital outlay exceeded budget in part because of a large radio purchase; and certain road-and-bridge line items were higher in contractual costs due to increased materials and services prices.
Following the review, the commission approved Resolution 2025-28, a request to waive GAAP reporting and use the regulatory basis of accounting per K.S.A. referenced in the packet, and Resolution 2025-29 authorizing transfers from the Road & Bridge fund to the Special Highway Improvement Fund under K.S.A. 60-8590 (annual practice not to exceed 25% of the road-and-bridge budget as available). Commissioners also approved Resolution 2025-30 designating public holidays for 2026.
Staff said several year-end transfers and journal entries are anticipated to correct timing differences and align accounts before the close of the fiscal year. Commissioners asked clarifying questions about capital purchases, reimbursements and several funds where timing differences affect percent-of-budget metrics. No votes were recorded against the resolutions.
