Grayson County is located in the Western Coal Field region of Kentucky, in the West-Central part of the state, with an area of 493 square miles.
In the last three years, GFEBS grew from one million transactions and $1.2 billion in obligations in fiscal year 2009 to 20 million transactions and $30.8 billion in obligations in fiscal year 2011. GFEBS currently processes approximately one million transactions a day and $140 billion of the general fund annually.
AASB 1018 144.5.1 The statement of financial performance is prepared in accordancewith the requirements of this Standard unless this Standard isoverridden by another Standard. In addition to disclosures requiredby a Standard, the entity may disclose additional information aboutfinancial performance..3.1 Paragraph 5.3 requires a reconciliation between the expenses disclosed on the face of the statement of financial performance andthe classification of expenses by nature or by function disclosed inaccordance with paragraph 5.2.