- 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: Michael Lauzon
FLSA Overtime Salary Changes
Government and nonprofit organization’s budgets have been burdened by inflation and increases in wages necessary for retaining employees, but a new challenge is on the way. The Department of Labor’s Wage and Hour Division (DOL) issued a final rule on … read more
Posted in Articles
Tagged CPA, DOL, exemption, FLSA, Michael Lauzon, Mike Lauzon, overtime, payroll, salary, wage and hour
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Michael Loren Lauzon, CPA, MBA
Areas of Expertise: Working with governments and non-profits Tribal entities and community grant schools Single Audits (OMB Uniform Guidance) Agreed-upon procedures Compliance reviews Presenter at events sponsored by the Government Finance Officers Association of Arizona, Arizona Society of Certified Public … read more
Posted in Profiles
Tagged Arizona, audit, CPA, Flagstaff, GASB, government, grant school, MBA, Michael Lauzon, municipality, NAU, nonprofit, NPO, school district, tribal, USFR
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GASB 101 – Compensated Absences
I’m sure if you have been to one of HeinfeldMeech’s recent trainings you may have heard that the Governmental Accounting Standards Board (GASB) just crossed 100 issued Statements. While GASB Statement 101 won’t have quite the same financial impact that … read more
Posted in Articles
Tagged compensated absences, employee leave, financial statements, GASB, government, Michael Lauzon, school district, unvested leave, vested leave
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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
Posted in Articles
Tagged Arizona, capital assets, capitalization, financial report, GASB, government, inventory, Michael Lauzon, school district, value
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Are You Ready for PPP 2.0?
On December 27, 2020 a new COVID-19 relief bill was signed into law. This relief bill contains a new version of the Paycheck Protection Program (PPP) and some updates to the old PPP that are important as well. New funding … read more
Posted in Articles
Tagged Arizona, COVID-19, CPA, loan, Michael Lauzon, nonprofit, not-for-profit, NPO, paycheck protection program, Payroll Protection Program, PPP
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Common SEFA Errors and How to Avoid these Hazards
What is the Schedule of Expenditures of Federal Awards (SEFA)? Oh yeah, it’s one of those documents my auditors are always asking about. Although it might seem like just another part of the audit preparation, the SEFA serves several very … read more
Posted in Articles
Tagged federal programs, financial report, government, grants, Michael Lauzon, nonprofit, Single Audit
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