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Ellis County requests GAAP waiver for 2023 financials to use cash-basis reporting
Summary
Commissioners adopted Resolution R-2026-03 asking the state Director of Accounts and Reports to waive GAAP requirements for Ellis County's 2023 financial statements so the county can use cash-basis/regulatory reporting, citing cost and staffing reasons.
Ellis County commissioners voted to request a waiver from the state to prepare 2023 financial statements on a cash-basis/regulatory basis rather than conforming to Governmental Accounting Standards Board (GASB) GAAP requirements. County Administrator Darin Myers told the board that waiving GAAP would avoid the need to hire additional staff and would not affect the county’s ability to issue bonds if necessary.
The resolution notes that the county has requested the same waiver in prior years and concludes that GAAP-conforming statements are not necessary for compliance with the state's cash-basis and budget laws. The Commission approved Resolution R-2026-03 by voice vote (3–0); the resolution will be submitted to the Director of Accounts and Reports for approval.
