The County financial records shall be maintained in such a manner that will present fairly and with full disclosure the financial position results of financial operations of the fund and account groups in conformity with generally accepted accounting principles. Where conflicts between legal provision and generally accepted accounting principles occur the accounting system shall be maintained on a legal compliance basis but should include sufficient additional records to permit reporting based on generally accepted accounting principles.
(Code 1959, § 8-43; 1966, Chapter 702, § 1; 1969, Chapter 745, § 1; 1981, Chapter 64, § 1) (Bill No. 22-21, 10-25-2022)