Kansas government accounting principles

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The Kansas Legislative Division of Post Audit (dead link) is the audit agency of Kansas government. The Legislative Post Audit Committee is a bipartisan committee comprising five senators and five representatives. Audit reports (dead link) are published online. Barbara J. Hinton is Kansas Legislative Post Auditor.[1]

In a report published in May 2012, The Institute for Truth in Accounting (IFTA) rated Kansas “Tardy” in filing the state’s Comprehensive Annual Financial Report (CAFR) – The annual report of state and local governmental entities. IFTA rated 23 states timely, 24 states tardy, and 3 states excessively tardy. IFTA does not consider the state's CAFRs, and those of the other states, to be accurate representations of the state’s financial condition because the Generally Accepted Accounting Principles (GAAP) basis does not include significant liabilities for the pension plans and for other post employment benefits, such as health care.[2] Kansas’ CAFRs are published online by the Division of Accounts and Reports. Kent Olson is Director of the Kansas Division of Accounts and Reports.[3]

Accounting transparency checklist

Truth 2.png

Comprehensive Y
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Balanced budget Y
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Timeliness P
Usability P

The good

  • The website has Comprehensive Annual Financial Reports (CAFR) dating back to 2003.[4]
  • An independent auditor’s report is published on page 3 of the document.[5]
  • It provides supplements to the budget workup, such as non-major Governmental funds, starting on page 106 of the document.
  • The budget is posted using organized and consistent methods of financial reporting.
  • Kansas law requires a balanced budget.[6]
  • It includes all costs incurred by the government, including future liabilities, starting on page 147 of the document.
  • The CAFR compares estimated and actual budgetary numbers, such as on page 99 of the document.

The bad

  • The Kansas office was not precisely timely in submitting the budget.
  • The CAFR is posted in PDF format, so it’s not searchable online.

External links