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.
Statement of Federal Financial Accounting Standards 6 (SFFAS 6), Accounting for. Property, Plant, and Equipment, (paragraph 26) outlines the recognition requirements for. general property, plant, and equipment (G-PP&E). Paragraph 26 states that, âAll general PP&E shall be recorded at cost.