Author Archives: Diane Bradley

SEFA 101

For organizations requiring a Single Audit, preparing the Schedule of Expenditures of Federal Awards (SEFA) is the first and most crucial step in the process. Without an accurate SEFA, your audit firm will not be able to identify the appropriate … read more >

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What Happened to My County Aid?

July through September of each year are crunch times for Arizona public school districts. Expenditure activity is reviewed in detail to ensure funding sources are being utilized in accordance with laws and regulations and proper fiscal year reporting. Revenue activity … read more >

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New Financial Statement Governmental Fund Presentation for School District Clients

During this past year, our firm re-evaluated how the financial statements are compiled and decided to make a major change to how funds will be presented. In the past, all individual funds were presented (i.e. Title I Grants, Special Education … read more >

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GASB 94: P3s and APAs is Effective – Don’t Miss It!

GASB Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements may have not been on your radar, but this standard is effective for the fiscal year ending June 30, 2023, and all reporting periods thereafter. The standard is … read more >

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Using AI for Communication in Government Finance

If you’ve been to an industry conference lately, read articles in professional publications, or been closely watching the news, you’ve undoubtedly heard of the transformative impact that artificial intelligence (AI) is having on how we work. AI can help us … read more >

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Are Your Cash Receipts Properly Receipted?

Recording cash received is a significant process to almost all entities. It can be especially complicated for school districts in order to meet all requirements in the USFR Compliance Questionnaire. This article will discuss five important processes to consider in … read more >

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Taking Advantage of Failure

Failure is inevitable. So why are we all so afraid to fail? Encouraging failure is very easy to apply to highly competitive industries that rely on constant innovation in products or processes. Many notable leaders in tech industries have been … read more >

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