Blog - Page 2 of 2 - Certified Public Accountants. Governmental Accounting and Budgeting.

February 22, 2022

GFOA Awards Recognize Finance Officers for Their Contributions

Written by: Curtis Coonrod [Revised: 1/27/22] In December 2021, the Government Finance Officers Association (GFOA) announced the winners of its 2021 Awards for Excellence in Government Finance. Being one of GFOA’s most prestigious awards, this award recognizes the contributions and practices that illustrate excellence in financial management. This recognition is based on documented work that demonstrates leadership in the profession and improves public finance. The Awards for Excellence is just one of various awards that financial officers can receive from the GFOA. Since its inception in 1906, GFOA has represented and advocated for public finance officials in the US and Canada. A 20,000-member association, GFOA is comprised of federal, state, provincial, and local finance officials who plan, finance, and implement […]

October 19, 2021

Ten Ways to Raise Emergency Funds for Your Township

Written By: Curtis Coonrod [Revised: 10/19/2021] 1. Reallocate Local Income Tax (LIT) Townships generally receive a share of local income tax with the revenue being budgeted in one or more funds. However, the Township Trustee is not bound by that portion of the budget. In fact, the Trustee has the authority to make reallocations such as redirecting LIT revenue during the year. This is done ideally by obtaining a Board resolution, though it is not a requirement to do so. For example, suppose that one half of your township’s LIT revenue is budgeted in your Township Assistance Fund with the other half in the Fire Protection Fund. The Trustee can effectively redirect some of the LIT revenue so that only […]

January 5, 2017

NUMBER THREE IN A SERIES: HOW TO BE ASSURED THE MONEY IS GOING WHERE IT OUGHT TO GO

It seems every few months we read about a government clerk who has siphoned off thousands of dollars. We shake our heads and ask ourselves how could that be allowed to happen, but, be honest, how do you know it is not happening right now in your own unit of government? You may answer that you know and trust your people. But the people you read about were also trusted employees until they were caught. Sadly, trust is not an accounting control. Sometimes the auditors make these discoveries, but not often. A smart crook will always leave behind convincing documents for audit purposes. Usually, when a person is caught, it is a result of an anonymous tip, a mistake on […]

January 5, 2017

NUMBER TWO IN A SERIES: GHOST EMPLOYEES YOU DIDN’T KNOW YOU HAD

There are two kinds of ghost employees – do you know which kind is more dangerous? The kind of ghost employee that gets the most publicity is the least dangerous. We have all heard of the occasional government official who puts a friend or relative on the payroll, but does not expect that person to show up and work. Obviously that is unethical and probably illegal. But it is not a danger to you, as a public official, because you already know about it. If you are doing it, you know you are doing it. Granted, you may not be aware a trusted employee may be doing some personal or political work while he is on government time. Technically, that […]