info@myfloridacpas.com | (800) 368-3959| File Upload

Blog

Get Tax Updates & Advice Here!
27
MAR
2014

GASB 67 & 68 Implementation Toolkit

Posted By :
Comments : 0
GASB Statement No. 67, Financial Reporting for Pension Plans, revises existing guidance for the financial reports of most pension plans for state and local governments. Implementation Toolkit Statement No. 67 will take effect for pension plans in fiscal years beginning after June 15, 2013 (that is, for years ended June 30, 2014 or later). GASB Statement No. 68, Accounting and Financial Reporting for Pensions,...
Read More
05
DEC
2013

According to the GFOA, an expected rate of return of 7.75% is in line with market consensus.

Posted By :
Comments : 0
According to the December 5, 2013 GFOA newsletter: The latest Milliman Public Pension Funding Study results indicate that most plans have set their interest rate assumptions and measured their pension liabilities in a realistic, actuarial manner that is consistent with long-term market return expectations. Overall, funded ratios are down slightly, by 2.6%. In addition, 29 of the 100 plans in the study have...
Read More
05
DEC
2013

FDOT Reimbursement Rate Audit – 2013 changes

Posted By :
Comments : 0
Effective with the 2013 reimbursement rate audits, the Florida Department of of Transportation will reimburse the costs of permits as a separate direct cost rather than through the direct expense percentage submitted annually as part of the reimbursement rate audit. See the attached letter to FDOT consultants for more information: FDOT 2013 Notice to Consultants  
Read More
04
NOV
2013

“Availability” and Governmental Fund Revenue

Posted By :
Comments : 0
  According to GASB codification Section 1600.106, the following excerpt attempts to explain the “availability” concept. Revenue Recognition .106 Revenues and other governmental fund financial resource increments (for example, bond issue proceeds) are recognized in the accounting period in which they become susceptible to accrual—that is, when they become both measurable and availableto finance...
Read More
1234

Twitter

About Us

FooterLogo

Our firm’s practice is based on personal, as well as professional, relationships with our clients. We work together with our clients to plan engagement timetables and develop mutually agreed-upon expectations. We believe this is key to building long-term relationships and continuity, which leads to optimum efficiency. Our clients can feel confident in knowing we are familiar with their history and dayto-day each year.

What’s Popular

Post Different Thumbnail

5 Comments

Post With Slider Thumbnail

3 Comments

Post Full Width

1 Comment
  1. We welcome any feedback, questions or comments

Contact Us!

  1. Name *
    * Please enter your name
  2. Email *
    * Please enter a valid email address
  3. Message *
    * Please enter message
Copyright 2013 All Right Reserved | Designed & Developed byBrandAid