What The True-Up?

Recently, the Ohio Department of Education (ODE) determined they were making either overpayments or underpayments to community schools based on the schools’ annual full-time equivalent (FTE) counts. Read on to learn more.

How GASB 65 Will Affect You

What’s on your to-do list right now? Do you see change financial statement format on there? While your primary focus is probably getting through the rest of the school year, you should also be looking ahead to the next school year. Why? Because you will soon have another significant financial statement change to deal with. … Continued

How Strong Are Your Internal Controls?

As a business or government leader, how do you monitor what’s going on inside your organization? Could there be fraudulent activity taking place right under your nose? Have you ever established internal controls? And if you have these controls, have you ever considered how strong your internal controls are? Internal controls are methods in which … Continued

Are You Properly Recording Casino Tax Payments?

Seems like only yesterday voters were arguing about whether or not to allow casinos in Ohio. Actually, that was back in 2009 and now four casinos are open in the state – and you’ve already received your first check. As a beneficiary of the state casino tax, you’re beginning to see the fruits of this … Continued

Are You Ready For Your Upcoming Audit?

Fall audit season is quickly approaching and now is the perfect time to start maintaining records for the auditors. Relieve some of the stress caused by the audit and get a jump start on the requested items. Here are some items to get you started: Maintain copies of bank statements and reconciliations at year end. … Continued