Thought Leadership

Pen Crossing Checklist Box

Puh-LEASE Be Prepared for GASB 87

Are you prepared for the new lease accounting standard for governments? Statement No. 87 (Leases) of the Governmental Accounting Standards Board (GASB) will require major changes in the way governments account for a variety of lease arrangements. It takes effect for reporting periods beginning…

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Mastering the New Data Collection Form for Single Audits

Even though changes in Form SF-SAC (Data Collection Form) from the Federal Audit Clearinghouse (FAC) may not sound significant, there are some potential “gotchas” entities should be aware of. Most importantly, you must now include text describing audit findings, the associated corrective action…

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GASB Update No. 84: Identifying and Reporting Fiduciary Activities

To improve guidance for state and local government fiduciary funds reporting, the Government Accounting Standards Board (GASB) issued Statement No. 84, Fiduciary Activities in January 2017. That statement is effective for all fiscal years beginning after December 15, 2018, so cities, schools,…

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Cash Under Control: Four Steps for School Districts

From the football concession stand to the kindergarten teacher collecting field trip money, cash can be a controller’s nightmare. But it doesn’t have to be. Some thoughtful planning and a little bit of employee and volunteer training can go a long way to keeping your district out of trouble — and…

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Cheerleaders' Pom Poms

Ten Keys to Controlling Activity Funds

How many times have you seen a headline such as “Cheerleader mom pilfers trip funds”? It’s a nightmare scenario for an administrator, discovering that large sums of student money are unaccounted for— even if the problem was poor management rather than intentional fraud.

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Government Insights - GASB Statement No. 83

State and local governments face asset retirement obligations (AROs) when certain tangible capital assets, such as power generation facilities, sewage treatment plants or medical equipment items are retired.

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