In late March, we told you about flexibility in the single audit reporting deadline offered by the U.S. Office of Management and Budget (OMB) to those entities affected by the COVID-19 pandemic. OMB's memorandum
We know that moving to paperless processes has been a goal for some local governments. If you were on the fence, the pandemic might be prompting you to explore your options now. Here is some information we frequently share when asked about going paperless.
Where to find guidance
Many of you are attempting to anticipate the length or depth of the financial impacts of the pandemic. This will be difficult to predict, which makes financial planning challenging. One important tool available to help you in these circumstances is scenario planning.
Scenario planning is the purposeful act of preparing forecasts based on different underlying assumptions. It might include a worst case, a best case, and maybe two more possibilities in between.
Why you should use scenario planning
With the Association of Washington Cities hosting its conference this week – via video conference – we curated this latest issue of our regular newsletter with an eye toward municipalities, aiming to address the questions and needs they might have.
Click on the image below to see articles regarding accounting and reporting changes caused by COVID-19, new resources for cities, online training and more!
The Center for Government Innovation, a service to local governments provided by the Washington State Auditor's Office, has been working hard to bring some new resources to local governments, including cities. We'd like to tell you about a few new items, plus what's on the near horizon to be published!
Just released: Cash Receipting Guide
Greetings,
Late Wednesday, June 17, legislative leadership surprised us with a second extension of the annual financial report filing deadline.
The new filing deadline is July 1.
We've encouraged local governments to step up their documentation practices, and for good reasons. Sometimes documentation is required by law or by the Budgeting, Accounting, and Reporting System (BARS) manuals. In other situations, documentation is a best practice for conducting government business and can help you in so many ways. Preparing your documentation at the time the event or transaction occurs ensures you capture the most accurate and complete information – both for you and for auditors who often review decisions and actions that happened in the past.
Greetings,
As promised, I wanted to let you know as soon as possible that a limited extension of the annual financial report filing deadline has been approved by legislative leadership. The new filing deadline is June 17.
At least initially, the general fund typically bears all general operating costs, such as for information technology, human resources, accounting, and facilities maintenance. But some local governments develop a plan to share these overhead costs with other funds that jointly benefit from the services provided. A cost allocation plan is optional and requires some work to set up and carry out, but it can take some pressure off of the general fund. This blog post will share some helpful tips and resources should you decide to go that route.
As a supervisor or manager, you play a key role in reducing the stress of your team members in times of disruption. Here are five things you can do to help your employees through an unexpected change such as teleworking during the coronavirus pandemic.
Self-care first