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Commission waives GAAP reporting for 2026 financial statements under KSA 75-1120(a)
Summary
Assistant Administrator/Finance Director Ryan Adkison presented Resolution No. 26-14, and the Board voted 5-0 to waive GAAP statutory reporting for 2026, citing cost and limited benefit compared with Kansas Municipal Audit and Accounting Guide reporting.
The Butler County Commission on March 31 adopted Resolution No. 26-14 to waive Generally Accepted Accounting Principles (GAAP) statutory reporting requirements for the county's 2026 financial statements. Ryan Adkison, the assistant administrator and finance director, explained that producing and auditing GAAP financial statements would increase costs significantly compared with KMAAG-format financials without proportional public benefit; he cited KSA 75-1120(a) as the statutory authority for the waiver.
Commissioner Jeff Masterson and other Commissioners asked no substantive follow-ups; the motion passed 5-0. The Board record notes that most Kansas counties opt for this waiver. The resolution is recorded as Resolution No. 26-14 on the Board's March 31 agenda.
