Walton County Corrections on Agenda

[wrobert]

Debt? If memory serves I have read for years that Walton County had no debt and that the improvements made in the last few years were paid for as they occurred. So where did 39 million go?

Now that the CAFR has to comply with GASB, it is almost in english. Amazing to me the things that, while I do not think were hidden, the way they were reported, the layperson would not have seen.

$39 million. Where is it and who spent it? While the CAFR does not say, it does show the liability, so I have made the appropriate inquiries, will post the response when they get to it.

 

[Matt J]

Now that the CAFR has to comply with GASB, it is almost in english. Amazing to me the things that, while I do not think were hidden, the way they were reported, the layperson would not have seen.

$39 million. Where is it and who spent it? While the CAFR does not say, it does show the liability, so I have made the appropriate inquiries, will post the response when they get to it.

Speaking of English, could you clarify what CAFR and GASB are?

 

[wrobert]

Speaking of English, could you clarify what CAFR and GASB are?

You really should become more involved.


CAFR Comprehensive Annual Financial Report

GASB Governmental Accounting Standards Board

 

[Andy A]

I guess I'm not involved. I dldn't know, either. Thanks for the clarification.

 

[Matt J]

You really should become more involved.


CAFR Comprehensive Annual Financial Report

GASB Governmental Accounting Standards Board

I am to an extent that my employment and other activities will allow. I'd just never heard those acronyms and it's a real pain to try and google and acronym since it usually comes back with whatever the military has decided those letters mean.

 

[Andy A]

If you're military, you are taught to, on the first mention of an activity, to use the full name. From then on, you may use the apprpriate acronym.

 

[ShallowsNole]

Don't feel like the lone ranger. Until they take the one little required class in governmental accounting, most accounting majors have never heard of those acronyms either. :roll: