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Leoti council approves GAAP waiver and joins Rural Opportunity Zone loan-repayment program

City of Leoti Governing Body · January 5, 2026
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Summary

Council unanimously approved Resolution 2026-01 (requesting a GAAP waiver for FY 2026 pursuant to K.S.A. 75-1120A) and Resolution 2026-02 (participation in the Rural Opportunity Zone student loan repayment program) during its Jan. 5 meeting.

The council approved Resolution 2026-01, "A RESOLUTION SETTING OUT FINDING AND DETERMINATION OF THE GOVERNING BODY REQUESTING A WAIVER OF THE GENERALLY ACCEPTED ACCOUNTING PRINCIPALS FOR THE FISCAL YEAR ENDING 2026 IN ACCORDANCE WITH THE PROVISIONS OF K.S.A. 75-1120A." Councilor Aron White moved and the motion carried unanimously.

Council also approved Resolution 2026-02, authorizing the City of Leoti to participate in the Rural Opportunity Zone student loan repayment program for calendar year 2026; Derek Meyer moved and Kelma Burch seconded the motion, which carried unanimously.

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