- 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?
Tag Archives: Arizona
Capital Assets under the Capitalization Threshold
The common understanding under Government Accounting Standards Board (GASB) Statement 34 was that capital items under the capitalization threshold, typically $5,000, were not capitalized and that like items (laptops, furniture) would not be added together to create one asset. However, … read more
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Tagged Arizona, capital assets, capitalization, financial report, GASB, government, inventory, Michael Lauzon, school district, value
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GASB 42 Revisited
As accountants, auditors and consultants, we find ourselves living in a world that seems to change faster than we might be comfortable with. Normally, we focus on the changes that are on the horizon so that we may educate ourselves … read more
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Tagged Arizona, asset impairment, capital assets, CPA firm, financial statement, GASB, government, Jennifer Shields, school district
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Preparing for Your First Single Audit
With a record amount of federal relief funding released recently, it is expected that thousands of nonprofits and local governments may be required to undergo their first single audit. Single Audit Requirements A non-federal entity expending $750,000 or more in … read more
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Tagged Arizona, audit, COVID, federal programs, financial report, government, Jill Shaw, nonprofit, NPO, school district, SEFA, Single Audit, Texas
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ESSER I Moves into the Rearview Mirror
News Alert…ESSER I has come to an end! This is a bit hard to believe, yet at the same time, feels like it has been an eternity since the pandemic began. ESSER I, the first infusion of resources dedicated to … read more
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Tagged accounting, Arizona, CARES act, COVID, ESSER, Federal grant, funding, Karin Smith, reporting, school district
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Procurement Due Diligence & Written Determination
A.R.S. §15-213 requires school districts to follow procurement practices adopted by the State Board of Education. The School District Procurement Rules are based on the Arizona Procurement Code (A.R.S. Title 41, Ch. 23), which is the legislative authority and guidance … read more
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Tagged Arizona, ARS, compliance, cooperative, Emily Powell, procurement, purchasing, school districts, USFR
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Hidden Gems (or Boulders!) Found in the 2021 Legislative Session
The legislative session of 2021 was like no other in recent history. The session lasted a record 171 days going down to the wire on June 30, 2021. During the 2021 session, 1,774 bills were introduced and 474 bills passed … read more
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Tagged Arizona, ARS, budget, childcare services, classroom site fund, food services, Karin Smith, legislation, school districts
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Student Attendance and Average Daily Membership Changes
The pandemic changed the world and that is no different for school districts. It forced districts to adapt to what seemed like daily updates on the coronavirus that changed the way children learned substantially throughout the year. How many times … read more
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Tagged ADM, Arizona, school district, student attendance
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