HomeMy WebLinkAbout67-17 - Res. Replacing Res. 33-17 Changing Mason County's Financial Reporting to Cash BasisResolution Lt 7 -17
A RESOLUTION CHANGING MASON COUNTY'S FINANCIAL REPORTING TO CASH BASIS
replacing Resolution 33-17
WHEREAS, under the authority of RCW 43.09.200, the Washington State Auditor's Office allows local
governments the option to report on either a GAAP (generally accepted accounting principles) or cash
basis;
WHEREAS, Chapter 4.1.7.30 of the BARS (Budgeting, Accounting, and Reporting system) manual states
the design of a government's accounting system and controls for financial reporting is a management
decision, including the selection of the basis of reporting;
WHEREAS, the Washington State Auditor's office is in agreement Mason County change its financial
reporting to cash basis;
WHEREAS, the Mason County Audit Committee has considered the issues related to changing to a cash
basis and recommends Mason County change its financial reporting to a cash basis effective January 1,
2017;
NOW, THEREFORE BE IT RESOLVED, the Mason County Board of Commissioner directs Mason County's
financial reporting to be changed from a GAAP basis to a cash basis with no open period for all Mason
County Departments and Offices effective January 1, 2017.
Passed this 7_th day of ~' 2017.
Chief Deputy rosecuting Attorney
C: All Departments/Offices
BOARD OF COUNTY COMMISSIONERS
MASON COU , WASHINGTON
Kevin;~
Ranl~e~ommissioner
Tern Jefffeys, Co missioner
Ll'c. ,d e. r
C:\Users\timw\Documents\GroupWise\Cash Resolution NO OPEN.docx