RESOLUTION NO. 1483

A RESOLUTION TO WAIVE THE REQUIREMENTS OF K.S.A. 75-1120a(a) REGARDING GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AS THEY RELATE TO THE CITY OF GOODLAND.

WHEREAS the City of Goodland, Kansas has determined that the financial statements and financial reports for the year ended 2016 to be prepared in conformity with the requirements of K.S.A. 75-1120a(a) are not relevant to the requirements of the cash basis and budget laws of this state and are of no significant value to the Governing Body or the members of the general public of the City of Goodland; and

WHEREAS there are no revenue bond ordinances or other ordinances or resolutions of the municipality which require financial statements and financial reports to be prepared in conformity with K.S.A. 75-1120a(a) for the year ended 2016.

NOW, THEREFORE BE IT RESOLVED, by the Governing Body of the City of Goodland, Kansas in regular meeting duly assembled this 18^th day of July, 2016 that the Governing Body waives the requirements of K.S.A. 75-1120a(a) as they apply to the City of Goodland for the year ended 2016.

BE IT FURTHER RESOLVED that the Governing Body shall cause the financial statements and financial reports of the City of Goodland to be prepared on the basis of cash receipts and disbursements as adjusted to show compliance with the cash basis and budget laws of this State.

SUBMITTED AND ADOPTED by the Governing Body of the City of Goodland, Kansas this 18^th day of July, 2016.

                                                                                    ___________________________

                                                                                    Annette Fairbanks, Vice-Mayor

ATTEST:

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Mary P. Volk, City Clerk