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.
DEFINITION OF THE LOCAL GOVERNMENT FINANCIAL REPORTING ENTITY. The Governmental Accounting Standards Board (GASB) issued Statement No. 14, The Financial Reporting Entity, in June 1991. This Michigan statement is provided to define the financial reporting entity of local units of government in Michigan by applying the provisions of GASB Statement No. 14.