A CHARTER ORDINANCE EXEMPTING THE CITY OF DEERFIELD, KANSAS, FROM K.S.A. 1982 SUPP. 75-1120a WHICH REQUIRES CERTAIN MUNICIPALITIES TO MAINTAIN FIXED ASSET RECORDS FOR BUILDINGS AND LAND.
WHEREAS, K.S.A. 1982 Supp. 75-1120a requiring certain municipalities of the State of Kansas to maintain fixed asset records for buildings and land, does not apply uniformly to all municipalities of the State of Kansas, and
WHEREAS, The City of Deerfield, Kansas, wishes to exempt itself from the said provisions.
Section 1. The City of Deerfield, Kansas, a mayor-council city of the third class, by the power invested in it by article 12, section 5, of the constitution of the State of Kansas hereby elects to and does exempt itself from the provisions of K.S.A. 1982 Supp. 75-1120a and while still conforming with all other generally accepted accounting principles makes inapplicable to said city that portion of said statute which would otherwise require said city to maintain fixed asset records for buildings and land.