On February 7, the Bandera City Council approved resolution 2023-001, authorizing City Administrator William Cox, to enter into a contract with DebtBook Software, a company that provides local governments with the tools needed for complete debt, lease and subscription management and accounting standards compliance.The negotiated cooperative purchasing contract is $5,850.The City of Bandera must comply with GASB 87, the Governmental Accounting Standards Board’s new lease accounting standard that accurately portrays lease obligations and improves governmental financial statements.According to Bakertilly tax firm, this changes the financial reporting requirements of organizations that enter into contractual relationships that meet the definition of a ...