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Board approves routine licenses and adopts GAP waiver resolution
Summary
The board approved a cereal malt beverage license for Buffalo Dunes and adopted a resolution waiving GAAP reporting requirements for 2026 (using regulatory‑basis accounting under KMAG) citing cost effectiveness and statutory allowance for waivers.
Doree Munyon, the county clerk, presented a 2026 cereal malt beverage (CMB) license application for Buffalo Dunes and said the applicant had met licensing requirements; the clerk's office recommended approval and authorization for the vice chair to sign the certificate. The board voted unanimously to approve the license.
Munyon also presented Resolution No. 01‑2026 (gap waiver) to waive Generally Accepted Accounting Principles (GAAP) reporting requirements under KSA 75‑11,120(a) in favor of regulatory‑basis accounting as prescribed by the Kansas Municipal Auditing and Accounting Guide (KMAG). Munyon explained that many Kansas counties waive GAAP annually for cost and practicality reasons; the board voted unanimously to adopt the waiver for the year ending Dec. 31, 2026. Staff said financial statements will be prepared on a cash receipts and disbursements basis adjusted to show compliance with state cash‑basis and budget laws.
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