Friday, July 22, 2016

What does a West Buechel Financial Statement look like?

This is the Quarterly Financial Statement for the City of West Buechel, Kentucky for the quarter ending 12/31/2015. It was prepared by City Clerk-Treasurer Kimberly Richards and it was submitted to the West Buechel City Council by Mayor Richard Richards. This report is called a Profit & Loss Statement and, as you can see, it is not a GASB compliant Financial Statement. It is a KRS 424.220 Financial Statement.

This report suffers from quite a few factual inaccuracies.

For example, Police Department payroll for the quarter was reported as $91,954.01

In fact, Police Department payroll for the quarter was $176, 158.02


Tom Fox, J. D.
Southern Specialty Law Publishing Company
Louisville, Kentucky

A division of Accountable Kentucky Incorporated
a Kentucky Non-profit corporation

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This is not legal advice and I am not a lawyer.

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