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  y Steve Gust

The fate of the ChisholmTrail Mural, artwork depict-ing Yukon's heritage, hangsin the balance as efforts con-tinue to restore it.

The mural, a creation of Joy Willingham of Verden, isat Fourth and Main in Yukonand highlights an colorfulchapter of American andYukon history, the 19th cen-

tury Old West cattle drive.A former University of Central Oklahoma professor,Bob Palmer, is joining her inhelping to restore the mural.

"This was such an impor-tant part of history for oureconomy," Willingham said.

In 1989 she drew inspira-tion from the longhorn cat-tle owned by the late actor Dale Robertson.The famous Oklahoma born actor, knownfor his cowboy roles, died in 2013. Robert-son had a ranch just north of Yukon. He also

helped dedicate the mural the morning of the first festival. Willingham was a big fan."I loved him," Willingham said. "I really

wish he was still here."At the time, Willingham lived in Yukon

and was involved in the chamber. The mural,done in time for the first Chisholm Trail Festi-val, has adorned the Yukon landscape since.The problem now is that many seasons of rain, snow and blistering sun have taken atoll. The colors have faded and it's in direneed of a restoration.

To effectively do that, it's going to cost$7,500, Willingham said.

"Back when it was done I had a budget of $3,700 and we know what costs have donesince then," she said. Some of the expensewould include use of a scissors lift and otherscaffolding. So far, fund raising is at the$1,000 mark and Willingham hopes formore.

She has enlisted the help ofPalmer, a for-mer art professor at the University of CentralOklahoma. Besides funding challenges, theduo are also facing a deadline.

They want the restoration done prior tothe start of the popular Yukon Czech Festival

Oct. 3."They probably get 15,000 people for

that, so it would be good to have it done bythen," Willingham said.

Palmer is no stranger to putting art on awall.

"I've probably done over 1,800," he said."I told Joy I would be glad to help."

Originally Palmer thought about paintinga new mural, but Willingham told him publicinput favored restoration of the existingmural. At age 68, Willingham knows thismay be one of her last opportunities tomake sure the mural continues in Yukon.

"We will be using paints this time whichshould keep the mural vibrant for manyyears," she said.

Anyone interested may visit a Go FundMe page Willingham has set up.

http://www.gofundme.com/ut2gwm9k

Page 26 September 17, 2015 Edmond Life & Leisure

The Veraden is an up and com-ing independent and assisting living

community that will be opening itsdoors in the summer of 2016. Getready Edmond, because this com-munity has some unique offeringsas well as just bringing you comfortand wellness in retirement.

Anita Kelley is the Sales andMarketing Director for TheVeraden. “We are a retirementcommunity that is going to offerindependent and assisted living, aswell as memory care,” says Kelley.“We are also going to have a newservice called Care Complete. It’snine levels of assisted living. So wewill be able to go further in caring forresidents. You don’t see that muchin Oklahoma. They’ve done this in

Texas and they have been verysuccessful there.”

The Veraden offers all sorts ofactivities and things to do like swimin their heated, outdoor swimmingpool, participate in fitness classes,personal training and more. Therewill be a calendar of special activi-

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Downtown Edmond and otherplaces for shopping and dining. TheVeraden will also have its own chef-prepared meals throughout the dayand each apartment comes with itsown kitchenette for late nightsnacking.

You will never have to worryabout the safety of your loved oneswhile they are at The Veradeneither. “We will have an under-ground tornado shelter,” saysKelley. “But it is not just a concretebunker, it will have a theater as wellas a little café and an activity areaso if we are there, there will be com-

fortable seating and things to do.”Kelley says another thing that will

set The Veraden apart is that goodol’ country feel. “There will be lots oftrees and it’s out a bit…a reallybeautiful part of Edmond. So I thinkit will be very pleasant. Not ascrowded and not very much traffic.”

The Veraden is owned bySegora Senior Living company out

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The word “veraden” actually hasa meaning behind it and a reasonfor why it was chosen. “The stateflower is the red rose and so theypicked the word vermillion (mean-ing red), and then Edmond isknown as the jewel of Oklahoma.And the celadon is a jewel.” Sothey combined the two words, andviola!

The Veraden will have plenty ofevents as it gets closer to opening

next summer so you can go andtake a tour. There are only a limit-ed number of apartments availablefor assisted and independent livingso give Kelley a call for more infor-mation at 359-1230 or visit theirwebsite at www.veradenlife.com.

 – Alexx Harms

The Veraden359-1230

2709 E. Danforth Rd.www.veradenlife.com

y LaDonna Sinning

I’m hearing lots of acronyms from our audi-tors. Would you please decode those?

Those of us working in technical fields tend totake lots of shortcuts in our conversations. Un-fortunately, we don’t always remember to inter-pret those for our friends. The most commonacronyms in the accounting world are GAAPand FASB. GAAP stands for Generally AcceptedAccounting Principles and are those principlesset by FASB. FASB, or the Financial AccountingStandards Board, promulgates accounting standards for UnitedStates companies. Following these standards results in financialstatements completed in accordance with GAAP. The individualaccounting standards are referred to with references such as

FASB ASC 320-10-35-17. This example is specifically referring tothe Financial Accounting Standards Board’s Accounting StandardCodification topic code 320 (Investments – Debt and Equity Se-curities), subtopic 10 (Overall), section 35 (Subsequent Measure-ment), paragraph 17 (Scope of Impairment Guidance). Thus theacronym FASB ASC with some numbers after it is referring tospecific guidance issued.

I now have some idea of what they are talking about. I’m alsohearing PCC and VIE. What do those mean?

PCC is the Private Company Council. Established fairly re-cently, the PCC is working to recommend standards to FASB thatare options designed specifically for private companies. You mayhave heard the term “big GAAP and little GAAP” which refers toGAAP for large, publicly-traded companies versus GAAP for

smaller privately-owned companies. The PCC has recommendeda handful of standards which are now available to private compa-nies. One of those has to do with the consolidation of VIEs. AVIE is a variable interest entity. A VIE is essentially an entity thatone company controls while not also owning a majority interest.One of the most common forms is when one company ownsreal estate and rents that to another company for operations. Aspecific example would be a manufacturing company owned bya family. The family owns another company which holds all theland and buildings used by the manufacturing company andcharges the company rent. In this situation, the manufacturingcompany may have control over the real estate company eventhough it doesn’t directly own the company. One way this couldhappen is if the manufacturing company guarantees debt on the

real estate or otherwise ensures payments are made. The PCCnow gives the option for a private company to not review such aVIE for consolidation into the financial statements. An exception,if you will, for companies that are not publicly traded.

There are many other acronyms that we could discuss. Hope-fully this gets you started in being able to follow along with yourauditor.

LaDonna Sinning is a Certified Public Accountant, Certified Fraud Examiner and partner at Arledge and Associates, PC, an Edmond-based accounting firm. Arledge & Associates, PC is a recognized leader in the accounting industry offering practical solutions in the areas of tax planning, auditing, consulting, ac- counting advisory services and client accounting.

Lost in a mazeof many acronyms

Sinning

Artist seeking donations to help

restore metro area Old West art

Ex-UCO professor joins cause

PHOTO PROVIDED

In 1989, famed Oklahoma actor Dale Robertson posedwith artist Joy Willingham at an Old West mural he dedi-cated.