GREAT BEND TRIBUNE More
By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. Ellinwood City Council holds first meeting of 2021 City of Ellinwood offices.
ELLINWOOD The Ellinwood City Council held its first meeting of 2021 Tuesday night and voted to opt out of the Generally Accepted Accounting Principles related to the city’s annual audit. The city is required to conduct an audit each year in accordance with state statute.
The statute specifies that audits are to be conducted according to GAAP guidelines. The council determined that several components of the GAAP are not necessary for a municipality and provided little meaningful data and annually opts out of the requirements.