- 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
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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Foundational Information for the Reporting of Assets by School Districts
Capital asset maintenance is an area often overlooked by school districts. Given the amount of background knowledge and manipulation required to ensure that assets are reported correctly, the task can seem intimidating. To successfully begin the process of maintaining asset … read more
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Tagged account codes, account coding, accounting, Arizona, capital assets, CPA, enterprise resource planning, ERP, financial reporting, Sarah Jacobs, school districts, USFR
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Arizona School District Travel Reimbursement Changes and Tips to Avoid Common Travel Reimbursement Noncompliance
Increased Mileage Rate The State of Arizona Accounting Manual was recently updated to allow for personal vehicle mileage to be reimbursed at 62.5 cents per mile, an increase from 44.5 cents per mile effective as of January 9, 2023! This … read more
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Tagged Arizona, Eugene Park, internal controls, mileage, school district, travel expenses, USFR
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