Accounting and financial reporting of general fixed assets is required by both the Budgeting, Accounting, Reporting System (BARS) Manual of the state of Washington, Auditor’s Office, and generally accepted accounting principles (GAAP) as promulgated by National Council of Governmental Accounting (NCGA) Statement 1, Governmental Accounting and Financial Reporting Principles. (Ord. 1024-84 § 1, 1984.)