A CHARTER ORDINANCE EXEMPTING THE CITY OF MINNEAPOLIS, OTTAWA COUNTY, KANSAS, FROM K.S.A. 75-1120a PERTAINING TO MUNICIPAL FISCAL PROCEDURE.
BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF MINNEAPOLIS, OTTAWA COUNTY, KANSAS:
The City of Minneapolis, Ottawa County, by the power vested in it by Article 12, Section 5 of the Constitution of the State of Kansas, hereby elects to exempt itself from K.S.A. 75-1120a as amended by the 1981 supplements thereto, and makes said statues inapplicable to said City insofar as said statutes require the City of Minneapolis, Kansas to utilize accounting procedures and fiscal procedures in the preparation of financial statements and financial reports that conform to generally accepted accounting principles as promulgated by the national committee on governmental accounting and the American institute of certified public accountants and adopted by rules and regulations of the municipal accounting board.