News & Insights
Recent Posts
- Self-employed? Don’t Overlook a Roth IRA
- Knowing What’s Coming: Why Every Local Government Needs a Capital Improvement Plan
- Is an Advisory Board the Right Solution for Your Nonprofit?
- Three Key Considerations for Effective Grant Management in Local Governments
- What You Can Do to Protect Your Business from Rising Costs
- When Outstanding Invoices Indicate Underlying Operational Issues
- What You Need to Know About Business Insurance
- Tax Identity Theft: Businesses Are at Risk, Too
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Accounting for the Fall 2021 Child Care Relief Funds (aka Child Care Sustainability Grant)
Beginning the week of January 10, 2022, districts that applied and were approved for Fall 2021 Child Care Relief Funds began receiving these grant payments. Additional grant award amounts will…
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Accounting for the Receipt and Expenditures of Emergency Connectivity Fund (ECF) Funding
Congress authorized the Emergency Connectivity Fund (ECF) as part of the American Rescue Plan Act of 2021 (CFDA/ALN 32.009). The ECF Program will cover reasonable costs of laptop and tablet…
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Accounting for Food Service-related Revenues and Expenditures (Updated)
NEW (January 2022): Accounting for Pandemic EBT (P-EBT) Local Costs Grant The P-EBT Local Level Administrative Cost Grant is a federal award (CFDA#10.649). Accounting guidance for these funds is as…
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Accounting for Emergency Relief Funds Under the American Rescue Plan Act
Revenue and Expenditure Recognition Considerations Elementary and Secondary School Emergency Relief (ESSER III) Formula Funds received under the American Rescue Plan (ARP) Act through MDE should be recorded as federal…
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ERISA Update and Outlook for 2022
Employers have spent the last two years dealing with many challenges and disruptions, and they are now looking to move forward in 2022 against a backdrop of economic and pandemic-related…