News & Insights

Under U.S. Generally Accepted Accounting Principles (GAAP), property, plant and equipment (PPE) assets aren’t immediately expensed. Instead, they’re capitalized on your company’s balance sheet and gradually depreciated over their useful […]

Business Managers have plenty of tasks that keep them busy, and it seems like more are added each year. Between monitoring grants, managing staff, getting vendors paid, and putting out […]

By Erica Metcalf Effective fiscal management is critical to the success of any school district, and Michigan schools face unique challenges in navigating the complexities of financial regulations, reporting requirements, […]

Reading and understanding a local government financial statement can be overwhelming and confusing. Although the Uniform Budgeting and Accounting Act may mandate the audit, board members often miss the opportunity […]

Section 147g allocations have been based on prior year data and were included in districts’ February 2025 State School Aid payments.  Districts should begin reimbursing eligible employees with their actual, […]