WHEREAS, the City of Ozawkie, Kansas, has determined that the financial statements and financial reports for the year ended December 31, 2005, to be prepared in conformity with the requirements of K.S.A. 75-1120a(a) are not relevant to the requirements of the cash basis and budget laws of this state, and are of no significant value to the Ozawkie City Council or the members of the general public of the City of Ozawkie, Kansas.

WHEREAS, there are no revenue bond ordinances or other ordinance or resolutions of the municipality which require financial statements and financial reports to be prepared in conformity with K.S.A. 75-1120a(a) as they apply to the City of Ozawkie, Kansas, for the year ended December 31st, 2005.

Be it further resolved that the City Council of the City of Ozawkie, Kansas, shall cause the financial statements and financial reports of the City of Ozawkie, Kansas, to be prepared on the basis of cash receipts and disbursements as adjusted to show compliance with the cash basis and budget laws of this State.