2013 Westmoreland Conservation District Audit
As mentioned in our current annual report, the District’s 2013 was delayed due to the District’s board decision to bring the process into compliance with the Governmental Accounting Standards Board Statement 34.
GASB contends that separate accounting and financial reporting standards are essential for governments because they operate differently from business enterprises.
Although conservation districts are quasi-governmental agencies and, in Pennsylvania, are not required to implement GASB 34 as long as it is addressed within their audit, the district board voted to adopt this accounting method, beginning with the 2013 audit, which was done by Delisi, Keenan & Associates, P.C. That accounting firm’s Financial Analysis of the District as a Whole can be viewed here.