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Tag Archives: Accounting Policy

Overton Accounting Policy Change Could Complicate ARP Spending

New accounting practice coming from the State’s Comptroller’s Office could have an impact on local American Rescue Plan projects. The policy called GASB 34 requires a county to keep up with asset depreciation. Overton County Executive Ben Danner said this means water utility districts will need to balance costs for possible water extension projects through ARP. “Because of GASB 34, ... Read More »