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Many reasons- Being a small town-I think that we really didn't need to do this. The cost was a lot-for what you actually have to do. Now, our audit reports have to be GASB format-which is different from a "Budget Basis" - so, we have to keep our budgetary numbers different from our audit report numbers. And, now we're told that the cost for our audits is going up -close to $10,000.00 because of GASB requirements. Just seems very confusing and too much for small towns. But, if you have outside audits-we no longer have town auditors because it was so hard to get people to take the job, then any audit firm has to comply with governmental requirements. Just very complicated & confusing-for a report that hardly anybody even looks at - not to mention might understand. Vicky _____ From: Vermont Municipal Government Discussion Network [mailto:[log in to unmask]] On Behalf Of Marianne A. Blake Sent: Monday, December 17, 2007 4:46 PM To: [log in to unmask] Subject: Re: GASB Vicki, I'm also curious--why do you wish you hadn't done the GASB? Marianne in Windsor _____ See AOL's top <http://food.aol.com/top-rated-recipes?NCID=aoltop00030000000004> rated recipes and easy <http://body.aol.com/fitness/winter-exercise?NCID=aoltop00030000000003> ways to stay in shape for winter.