RICHARD TRACY NAMED TO GASB

Richard C. Tracy, director of audits for the city of Portland, Ore., has been named to the Governmental Accounting Standards Board (GASB), effective July 1. He replaces Barbara Henderson, former finance director of Fullerton, Calif., who is retiring from the board. Except for the chair, GASB members work part-time and are permitted to remain with their current employers.

Tracy's appointment was announced by Manuel H. Johnson, president and chair of the board of the Financial Accounting Foundation, which is responsible for overseeing, funding, and selecting members of both GASB and FASB. Johnson said that "the trustees welcome Dick to GASB and believe he will make a
fine addition to the board. His work in Portland in the areas of performance reporting, financial condition assessment, and popular reporting aimed primarily at citizens is particularly pertinent to projects GASB will be addressing as soon as the reporting model is complete."

Tracy has been director of audits in Portland since 1983. He currently chairs the Government Auditing Standards Advisory Council of the U.S. General Accounting Office. Additionally, he has served as chair of the Pacific Northwest Intergovernmental Audit Forum and president of the National Association of Local Government Auditors. He also has served as a member of the City Club of Portland, a citizens' group devoted to improving government. He is the author of several articles on performance reporting and is a frequent speaker on the subject. *

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