Government
An integrated wellness approach to impact employee engagement and productivity
Contributed by Ali Payne, M.S., Area Vice President, North Central Region, Wellness Practice Leader at Arthur J. Gallagher & Co. As new data comes to light regarding the minimal impact of stand-alone, physical-based wellness programs, organizations are beginning to evolve their strategy. In the past, it was considered cutting-edge to have a wellness initiative tied […]
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Sales and use tax for school districts
Sales tax applies to the sale, lease, or rental of tangible personal property and to services. Use tax applies when you buy, lease, or rent taxable items or services for your own use without paying sales tax. School districts are responsible for collecting tax, filing on or before the due date, and paying the tax […]
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Leases and all things related – government
Leases are a common way for school districts to finance the purchase of equipment. After you have entered into a lease agreement you need to determine if you have an operating lease or a capital lease as the process for recording these types of leases differs significantly. A capital lease is considered a purchased asset, […]
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Government accounting standards board update – 2014
Several new pronouncements from the Governmental Accounting Standards Board (GASB) will have significant impacts on School Districts’ June 30, 2014 and June 30, 2015 financial statements. This article will briefly review the provisions of: GASB Statement No. 65 – Items Previously Reported as Assets and Liabilities GASB Statement No. 67 – Financial Reporting For Pension […]
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Government Audits: Providing Assurance – Matt Mayer
Meet Matt Mayer, KDV Government Audit Partner.
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Fraud – It Can Happen in Your Organization
A Recent Example The latest November 2012 example, in the City of Dixon, Illinois confirms the risk of fraud. A 32 year employee of the City recently plead guilty to embezzling over $ 53 million to fund a lavish lifestyle, including quarter horses and horse ranches, vacation homes and numerous extras in life. The basics […]
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Common Legal Compliance and Internal Control Findings
Each year, auditors invade your work spaces and are given the task of evaluating your compliance with various state statutes and reviewing the adequacy of the internal control system. Noncompliance with state statutes and internal control findings are reported to management and the oversight agencies at the close of the audit.
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