- Documenting Board Approval for Payroll Contracts
- Travel Reimbursements – Tips for Uncommon Scenarios
- Why Segregation of Duties Matters in an IT Environment
- Don’t Hold Your Breath: Why Water and Wastewater Rates in Arizona Aren’t Falling Anytime Soon
- Do Your Due Diligence!
- What Happens When Cash Isn’t Reconciled
- Adjacent Ways Projects: Capitalize or Expense?
- Excel Made Easy – VLOOKUP and XLOOKUP
- Physical Inventory Considerations
- I Submitted a December Budget Revision, Now What?
Author Archives: Diane Bradley
GASB 103: Turning Numbers into Digestible Narrative in Your MD&A
Given my chosen career, I read a lot of financial statements, and I can tell you firsthand that some are more interesting than others. While the statements alone can paint a picture, it is the story that accompanies the statements … read more
Posted in Articles
Tagged ACFR, Arizona, audit report, financial statements, GASB, government, Jennifer Shields, MD&A, public entities, school district
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Understanding the Latest GASB Audit Updates: What You Need to Know About Statement 101
Why the Change? The goal of GASB 101 is to standardize and clarify the accounting treatment of compensated absences, ensuring consistent recognition of leave-related liabilities across governmental entities. These changes are meant to enhance transparency and comparability in financial reporting. … read more
Posted in Articles
Tagged accounting, Brittney Williams, compensated absences, employee leave, financial statements, GASB, GASB 101, government
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Managing Grant Balances
Arizona school districts receive various federal and state grants each year. Almost all these grants operate on a cost reimbursement basis, meaning funds are expended by the district on allowable and budgeted costs, and then a reimbursement request is submitted … read more
Posted in Articles
Tagged accounting, Arizona, compliance, financial statements, grants, Kristen Conway, school district, USFR, year-end balance
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Why Audits Are Important
Oh no, did the IRS or a governing body send you a letter saying you need an audit and now you don’t know what to do? An audit is stereotypically required because an entity did something wrong and the IRS … read more
Posted in Articles
Tagged ADE, Arizona, audit, Bryan Ruprecht, compliance, financial statement, GASB, goverment, school district
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Avoiding Roadblocks: Top Causes of USFR Transportation Findings for Arizona School Districts
by Cecilia Saez de Jauregui, Staff Associate II Additional Resource: ADE School Finance Guidelines & Manuals
Posted in Videos
Tagged Arizona, audit, Cecilia Saez, compliance, internal control, school districts, transportation, USFR
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GASB Statement No. 100 – Part I
The GASB statements hit the century mark with the issuance of GASB Statement No. 100, Accounting Changes and Error Corrections. The statement amended GASB Statement No. 62 and is effective for fiscal years beginning after June 15, 2023, and all … read more
Posted in Articles
Tagged accounting, auditing, Christopher Heinfeld, financial statements, GASB, government, school districts
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Designing and Maintaining Effective Documented Procedures
Have you had an employee leave their position suddenly? Have you needed to reevaluate a process to adhere to new rules or regulations? Have you received consistent findings for failing to demonstrate compliance with the same requirements in consecutive audits? … read more
Posted in Articles
Tagged accounting, best pratices, business office, compliance, documented procedures, goverment, nonprofit, organization procedures, school district
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