007-18 - Resolution - Approving the Conversion from GAAP to CashRESOLUTION NO. 007-18
A RESOLUTION OF THE CITY OF PORT ORCHARD, WASHINGTON, APPROVING
THE CONVERSION FROM GAAP TO CASH
WHEREAS, RCW 43.09.200 requires the state auditor to formulate, prescribe, and install a
system of accounting and reporting for all local governments; and
WHEREAS, the state auditor has prescribed and authorized reporting requirements
through the Budgeting, Accounting, and Reporting System (BARS) manual for both GAAP basis and
Cash basis methods of accounting; and
WHEREAS, the Finance Director for the City of Port Orchard has recommended converting
to the Cash basis of accounting to increase efficiency of the City's accounting system and the
annual audit process; now, therefore,
THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, HEREBY RESOLVES
AS FOLLOWS:
THAT: The Finance Director is authorized to convert the City of Port Orchard to the
Cash basis of accounting as prescribed by the Washington State Auditor's Office
Cash Basis BARS manual effective retroactive to January 1, 2018, the beginning of
the 2018 fiscal year.
PASSED by the City Council of the City of Port Orchard, SIGNED by the Mayor and attested
by the City Clerk in authentication of such passage this 27th day of February 2018.
Robert Putaansuu, Mayor
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ATTEST:
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f SEAL y5 :Brandy Rinearson, MIvTC, City Clerk