- Wildfire and Disaster Funding Opportunities for Arizona Cities and Towns
- Preparing for the Future of Single Audits: Navigating the Latest AICPA Guidance
- Common Audit Requests for Selections and the ADM 15
- 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?
Tag Archives: Arizona
GASB “101” – An Introduction to How the GASB Issues New Statements
As a public accounting firm specializing in governmental accounting and auditing, we often share articles on accounting pronouncements issued by the Governmental Accounting Standards Board (GASB). Whenever a new GASB statement is issued, we often hear comments from our clients … read more
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Tagged ACFR, Arizona, audit, financial reporting, GASB, GASB statement, government, Jennifer Shields, school district
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Grants Management – Basic Grants Guide for ESEA Title Grants & IDEA Grants
Arizona school districts receive various grants from local, state and federal funding sources. Many of the state and federal grants are passed through and managed by Arizona Department of Education. ADE uses the Grants Management Enterprise system (GME). This article … read more
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Tagged Alex Cooksey, Arizona, ESEA Title grant, federal programs, grants management, IDEA grants, school districts
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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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Tagged Arizona, county aid, financial report, funding, Jared Young, school district
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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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Tagged accounting, ACFR, Arizona, Cristina Oropeza, financial statement, govermental fund, school district
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GASB 87 Leases – Year 2 Trials and Tribulations
Let’s be honest – implementing GASB 87 for leases was no easy task! From reviewing your organization’s agreements, determining incremental borrowing rates, ensuring amortization schedules were accurate for the financial statements and whole host of other things, the process was … read more
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Tagged accounting, Arizona, capital asset, financial report, GASB, government, Joshua Jumper, leases, school district
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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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Tagged accounting, Arizona, cash receipts, internal controls, Katherine Shell, school districts, USFR
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GASB 96 – Subscription-Based Information Technology Arrangements (SBITA)
With the fiscal year winding down, school finance professionals are focused on closing their books, preparing the AFR, and getting ready for the audit. It’s also the time of year that new accounting standards are evaluated for their impact. This … read more
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Tagged Arizona, Chris Goeman, GASB 96, SBITA, school district, USFR
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