Government Archives

Sikich’s Guide to Implementing GASB Statement No. 96 – Webinar Training

To learn more about implementing GASB Statement 96, Subscription-Based Information Technology Arrangements, check out this video. If you need further guidance or assistance with…

Implementing GASB Statements 94 and 96

The latest in GASB updates The Governmental Accounting Standards Board (GASB) issued Statement 96, Subscription- Based Information Technology Arrangements (SBITAs), to provide accounting and…

Getting Technical with GASB-87: A Webinar Recap

Effective for fiscal periods ending June 30, 2022, and thereafter, the Governmental Accounting Standard Board’s (GASB) Statement 87 was issued to improve lease accounting…

Case Study: Calgary Economic Development

As one of Canada’s largest cities, Calgary spent years searching for the right mix of technologies to better manage contracts, customer relations and more….

City of Austin Grows an Equitable, Competitive Economy for Everybody

With the deployment of Microsoft Dynamics 365 CRM with Sikich Economic Development Accelerator, the City of Austin saw integrations with marketing, events management and…

Overhead vs. General and Administrative Costs – What’s the Difference?

As a government contractor, you are required to properly segregate and track your costs in accordance with the standards defined in the Federal Acquisition…

Reasons Indirect Cost Rates Change

Indirect cost rates are an important element of every government contract. They provide a ratio between the indirect costs and a direct cost base…

U.S. Department of Treasury Releases Final Rule on the American Rescue Plan Act

The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program designates funds from the American Rescue Plan Act (ARPA) to provide assistance to state,…

Accounting and Reporting: CARES Act Funds for Governmental Entities

In response to the novel Coronavirus, many governments had to incur unplanned costs as they dealt with the impacts of the virus in their…

Increased Cybersecurity and Fraud Risk for Government Organizations due to COVID-19

As local governments continue to face economic and social instability, nefarious individuals may identify more opportunities to commit and get away with fraudulent activities. Malicious individuals…

Rebuild Illinois Bond Funds to Local Public Agencies

Purpose The purpose of this white paper is to provide the necessary guidance in connection with the Illinois Department of Transportation’s (IDOT) Rebuild Illinois…

Webinar: Fraud and Effective Controls

Our experts identify those areas in which local governments are more susceptible and the numerous fraud risks faced by agencies such as: Identifying how…

How Your Government Can Benefit from a PAFR

While accountants could read financials from a day’s beginning to end, not many laypeople can digest your pages of numbers, spreadsheets and profit and…

GASB Statement No. 84, Fiduciary Activities: The Impact on Deferred Compensation Plans

To reduce reporting inconsistencies, the Governmental Accounting Standards Board (GASB) announced a new standard affecting governments and their reporting standards. In the past few…

Webinar: GASB S-87 Updates: Leases

FIND MORE RESOURCES ON LEASES HERE…

Attention Grantees and State Agencies in Illinois: What is GATA and How Does It Affect You?

An overview of the Grant Accountability and Transparency Act (GATA) The Grant Accountability and Transparency Act (GATA) was established with goals of eliminating…

Webinar Recording: GASB S-75 for School Districts

What is GASB Statement No. 75? Below is an overview of GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other…

GASB 75 and OPEB: The Community College Guide

Effective for fiscal years ending June 30, 2018, GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other than Pensions, provides guidance…

5 Ways to Stay Compliant and Diligent: A Guide for Contractors in Government

Increased scrutiny by governmental agencies like municipalities, school districts, transit agencies, and housing authorities, creates burdensome challenges for prospective contractors. Compliance requirements, contractor disclosures, data security provisions, and agency due diligence efforts require…

Sikich Series on Tax Reform – Tax Reform Moves Ahead – Senate Passes Its Tax Legislation

Tax reform took a major step forward early this morning as the Senate passed its version of tax reform legislation by a vote of…