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Commissioner Keigher - Financial and Management Services (Budget and Finance) - To Amend the FY2026-2027 Gaston County Budget Ordinance to Authorize Technical, Non-Cash Accounting Entries Required for Financial Reporting (No Budget Impact or Change in Appropriations)
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STAFF CONTACT
Taylor Ricci - Budget Director - 704-866-3122
Kyle Sutherland - Finance Director - 704-866-3130
BUDGET IMPACT
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No budget impact. This amendment authorizes technical, non-cash accounting entries required for financial reporting and does not increase appropriations requiring cash, affect fund balance, or change the tax levy.
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BACKGROUND
Governmental Accounting Standards Board (GASB) Statements No. 87 (Leases) and No. 96 (Subscription-Based Information Technology Arrangements) require certain lease and subscription agreements to be recorded as capital expenditures with corresponding other financing sources for financial reporting purposes. These are non-cash accounting entries that do not affect the County's cash position or tax burden.
This amendment adds a new Section XII to the FY2026-2027 Budget Ordinance authorizing the Finance Officer to make these technical budgetary adjustments administratively to ensure compliance with GASB reporting requirements, eliminating the need for routine Board approval of these year-end accounting entries. This authority is limited to technical accounting adjustments and does not authorize additional cash appropriations or expenditures.
POLICY IMPACT
No policy impact.
ATTACHMENTS
FY2026-2027 Budget Ordinance (Amended)