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Posts by Eric Lowell

Tax Increment Financing Now Available to Some Washington Local Governments

Tax Increment Financing Now Available to Some Washington Local Governments

September 16, 2021  by  Eric Lowell
Category:  Finance Public Works Finance New Legislation and Regulations

In an effort to help local governments spur economic development in stagnant communities, the legislature passed HB 1189 early this year, which authorizes the use of tax increment financing for cities, towns, counties, and port districts.

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2022 Budget Suggestions Is Here!

2022 Budget Suggestions Is Here!

July 29, 2021  by  Eric Lowell
Category:  Budgets and Budgeting

MRSC has published the 78th edition of Budget Suggestions, a publication that offers a wide variety of finance-related information to help cities and counties develop their 2022 budgets.

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Treasury Issues Guidance for Local Fiscal Recovery Funds

Treasury Issues Guidance for Local Fiscal Recovery Funds

May 13, 2021  by  Eric Lowell
Category:  Revenues COVID-19

This blog post reviews the May 10 guidance provided by the U.S. Department of Treasury regarding how Local Fiscal Recovery Funds may be spent under the American Rescue Plan Act (ARPA), including allowed uses, replacing lost revenues, and reporting requirements.

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Cybercrime: A Hard Lesson

Cybercrime: A Hard Lesson

April 22, 2021  by  Eric Lowell
Category:  Cybersecurity

This blog looks at precautions a local government can take to counter vendor fraud perpetrated by cyber criminals. 

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American Rescue Plan Provides More Relief to Local Governments

American Rescue Plan Provides More Relief to Local Governments

March 17, 2021  by  Eric Lowell
Category:  Revenues COVID-19

The American Rescue Plan Act ("ARP" or "ARPA") provides significant new funds for local governments, as well as an optional expansion of FFCRA leave. While we don't yet know all the logistics, this blog post provides a preliminary overview.

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New Federal Funding for Rent and Utility Assistance

New Federal Funding for Rent and Utility Assistance

March 1, 2021  by  Eric Lowell
Category:  Revenues COVID-19

This blog provides an overview of new funding available through the Coronavirus Response Relief Supplemental Appropriations Act (CRRSA) to help with rent and utility assistance for any households impacted by the COVID-19 pandemic.

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The Annual Financial Report for 2020

The Annual Financial Report for 2020

February 25, 2021  by  Eric Lowell
Category:  Financial Reporting

This blog post reviews a few of the major updates to the Annual Financial Report for reporting year 2020.

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W-2 Reporting for FFCRA Wages and Social Security Tax Deferrals

W-2 Reporting for FFCRA Wages and Social Security Tax Deferrals

January 14, 2021  by  Eric Lowell
Category:  Accounting Leave Policies COVID-19

This blog reviews how to properly report Families First Coronavirus Response Act leave wages and Social Security tax deferrals on Form W-2.

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What’s New with Form 1099?

What’s New with Form 1099?

January 7, 2021  by  Eric Lowell
Category:  Accounting Financial Reporting

This blog discusses new changes to Form 1099 and Form 1096.

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Meet Eric Lowell, MRSC

Meet Eric Lowell, MRSC's Newest Finance Consultant

December 17, 2020  by  Eric Lowell
Category:  MRSC News and Updates

MRSC welcomes Eric Lowell onto the team as our newest Finance Consultant. Prior to joining MRSC, Eric served as the Finance and IT Director for Timberland Regional Library.

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