News & Insights

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, […]

GASB Statement No. 101, Compensated Absences, requires that liabilities for compensated absences be recognized for (1) leave that has not been used, and (2) leave that has been used but […]

Subsequent events are in the spotlight these days. The Public Company Accounting Oversight Board (PCAOB) recently initiated a project to modernize outdated auditing standards related to these events. The PCAOB […]