skip to main content

The Audit Connection Blog

Results for: Financial management


Are your government’s finances ready for an earthquake?

June 9, 2022

Earthquakes and other natural disasters can be costly if your area is directly affected, and even more so if your government is unprepared. Your government may have an emergency response plan, but as financial managers, have you been included in some of those discussions? This article outlines steps governments can take to financially prepare for potentially large earthquakes and other disasters.

… CONTINUE READING →

Overtime is too costly to ignore. Use your data to monitor it.

June 2, 2022

Monitoring your overtime costs allows you to detect irregularities, such as a mistake or system glitch that might have resulted in overpayments. You can also see if the overtime that employees are working is significant and then assess whether it is sustainable. Before you start monitoring your overtime costs, you first need to establish expectations for a reasonable range of overtime activity. Then, compare your expectations to the actual data and follow up on any variances. In this article, SAO offers tips to help you monitor your overtime data.

… CONTINUE READING →
Financial Intelligence Tool (FIT) logo

How FIT are you?

December 9, 2020

We know local governments face significant challenges this year. The Center for Government Innovation can help governments be well informed when making difficult financial decisions.

… CONTINUE READING →
Reviewing bank passbook saving account balance and cash flow statement analysis for a return on investment, ROI, and business performance

Lessons learned: Schedule 06 and documenting bank reconciliations

September 29, 2020

We’re jumping into some lessons learned from the 2020 filing season regarding Schedule 06 – Summary of Bank Reconciliations. Even if you don’t file a Schedule 06, these tips are useful when preparing any bank reconciliation, or other schedules or reports. These were identified as the most common areas of emphasis when SAO staff helped clients in 2020.

… CONTINUE READING →