At LSL CPAs we are experts in California governmental accounting. We have three offices statewide to serve you including Brea, Sacramento and Santa Ana, California.
Expenditures for federal grants can be from both direct and indirect costs. Direct costs are those that can be easily assigned to a federal award program, they include cost of goods and services directly related to the grant activity as well as compensation and related fringe benefits of employees who Read more…
For government websites, ADA compliance must be more than a box on a to-do checklist. Since it was the government that put these regulations in place, it will be your visitors, as well as other public and even private sector entities, that will be looking to you to understand these Read more…
When you work in local government finance, it’s not a surprise that there is risk. But, is a risk assessment really necessary? And if so, what is it all about? Risk and Local Governments Local governments are complex organizations that often include many different business segments, divisions, and functions. Each Read more…
Click HERE to listen to our GASB 75 Webinar presented by Partner, Debbie Harper. Debbie HarperIt’s more than just a job, performing audits of municipalities in California. Debbie views her role at LSL CPAs as helping government work better for citizens. She is the primary quality control reviewer for the Read more…
Now that we have pension accounting under our belt, it is time to take the same concepts and implement the Other Postemployment Benefits under GASB 75 guidance. There are important aspects to consider when implementing GASB 75 that will be a little different for most of the governments that implemented Read more…
Now in its third year of implementation, most organizations should be at least familiar with the compliance requirements of the Uniform Guidance. Even so, certain compliance and internal control findings are still commonplace for many auditees. Some of the most common single audit findings fall into the following categories: Allowable Read more…
Many local governments issue municipal debt to provide funding for various types of projects. It is something we all are very familiar with, but have you recently evaluated your debt policies? If the answer is no, you may be at an increased risk for financial and compliance issues. In working with local governments over the years, we have seen a Read more…
Are you on track to adopt required updates to your procurement policies for federal grants under the Uniform Guidance? Chances are, if you are like the majority, you have been putting it off. Well, you have been very fortunate in that the guidance has allowed for several additional grace periods Read more…
In the May issue of the CSMFO magazine, I had written an article entitled “The Viewpoint from the Managing Partner of a CPA Firm”. This was an article that was written from the heart and was sparked by the numerous and recent incidences of fraud occurring in local governments. In Read more…
Here are some tips for a smooth implementation: CalPERS has already implemented GASB 74 so entities with a CERBT Trust for their OPEB plans do not need to implement GASB 74 on their own financials. Entities with irrevocable trusts other than CERBT that are funding their OPEB benefits need to Read more…
