Author: Chad Welty

Full Disclosure

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Now is the time to dust off your tax abatement agreements and take steps to comply with the GASB’s current tax abatement disclosures reporting standard.

New Auditor Of State Requirements Will Affect You

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Before you file your entity’s “unaudited” year-end financial statements, you are going to want to read up on important policy changes that were recently handed down by the Auditor of State (AOS). Read on for an overview.

Out With The Old, In With The New

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The way you file your annual financial report with the state is changing. Are you ready? If you’re an administrator for a school district or an educational service center (ESC) in the state of Ohio, you need to know about (and understand) the Auditor of State’s (AOS) new Internet-based financial data reporting system. The new … Continued

Tips for Fraud Prevention

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In today’s world, fraud is everywhere. In business. At the bank. On the playing field. And unfortunately, it’s even in the schools. You’d like to believe it’s not happening in your school district (and hopefully it’s not), and you want to feel like you can trust your team. But the fact of the matter is … Continued

What to Do With Your BWC Rebate

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Who doesn’t like a rebate? It’s money back in your wallet, or in your case, back into your school system. If you’ve received a rebate check within the past couple of months, then you’re one of the many schools that has benefited from the Ohio Bureau of Workers’ Compensation (BWC) wise investment strategy. Over the … Continued

Is Your Local School District Being Reimbursed For Its Fuel Consumption?

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Many schools may not know this, but public school districts, joint vocational schools and educational service centers (ESC) can request a reimbursement of $0.06/per gallon of fuel consumption. These requests must be related to the transportation of students, operation of service vehicles and use of lawn mowers. The resources used to reimburse schools and ESCs … Continued

Don’t Get Caught Off Guard by a 403(b) Audit

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Surprise! Some surprises can be fun and exciting. Others, not so much. How excited would you be to see a representative of the Internal Revenue Service (IRS) or the Department of Labor (DOL) at your door? That’s not something anyone wants to deal with! Over the past few years, the IRS and DOL have been … Continued

Understanding Everyone’s Role In a Government Audit

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For most local governments, the annual financial statement audit is as much a part of the yearly round of public finance as the approval of the operating budget. Despite its routine nature, however, the financial statement audit remains something of a mystery to most outside the auditing profession. Anyone entrusted with the responsibility for managing … Continued

New Registration Requirement for Booster Clubs and Parent-Teacher Associations

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Most charitable organizations in Ohio have already been required to register with the Ohio Attorney General’s (OAG) office under the Ohio Revised Code Section 1093.23-.33. Under an amended rule, qualifying booster clubs and parent-teacher associations (PTAs) will now be subject to register effective September 1, 2012. Qualifying organizations that have $25,000 or more in gross … Continued