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:
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
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