FOR IMMEDIATE RELEASE
Contact: Bruce Loucks, Lee
County Administration, (941) 335-2221 or
Donna Harn, Clerk of Courts, 335-2300
LEE COUNTY WINS PRAISES FOR FINANCIAL STATEMENTS
MYERS, Fla. (June
11, 2002) – Lee County Government and the Clerk of Courts Finance Department
are being commended by the Governmental Accounting Standards Board (GASB) as one
of the first governments to issue financial statements that comply with new
reporting requirements that give more information to taxpayers.
Governmental Accounting Standards Board is the national independent,
professional body that establishes standards of accounting and financial
reporting for state and local governmental entities.
GASB standards are officially recognized as authoritative by the American
Institute of Certified Public Accountants and by many laws and regulations that
apply to state and local governments.
Statement No. 34 requires improvements in reporting cost-of-services information
and the overall financial position of the government to taxpayers, governing
boards, and other financial statement users.
One of its requirements includes valuing all of the county’s
infrastructure, including roads, and depreciating it to show useful remaining
Allen, chairman of the Governmental Accounting Standards Board, recently wrote
Lee Commission Chairman Bob Janes praising the county’s efforts.
also want to commend you and the county’s governing body for supporting the
efforts to provide your citizens and other financial statement users with a more
comprehensive reporting of the county’s financial position in advance of the
effective date of the standard,” Allen wrote.
implementation of GASB No. 34 is not required until 2003.
singled out several people in the Clerk of Courts Finance Department and county
budget operations for their outstanding effort.
early implementation is a tribute to your general accounting manager Terry
Mallow; accountants III Michele Crowell, Sean O’Neill, Tracy Schatzman; debt
analyst Marcia Simons; accountant II Cindy Uzzell; senior internal auditor Heidi
Payne; budget director Tony Majul; budget services manager Sue Gilpin; capital
projects program manager Beverly Dearborn; engineer Mike Carroll; and your
auditors KPMG LLP, for their expertise and assistance to the county.
view the county’s Comprehensive Annual Financial Report, go to the Clerk of
Courts web site at http://www.leeclerk.org/Finance.htm.