MRSC Insight Blog
Posts for Financial Reporting
SBITAs, or subscription-based IT arrangements, are one of the new reporting requirements public agencies must consider when filling the 2023 Annual Comprehensive Financial Report. Agencies should review all IT-related contracts to determine which qualify as a reportable SBITA.
The addition of a few new notes as well as the removal of others are just a few of the changes local governments will encounter when they begin the annual financial report filing process. The deadline for filing is May 30, 2023, for both cash basis and GAAP entities.
What is the process for local governments to receive donations? Can local governments make donations without violating the state's gift of public funds provisions?
In the final installment of this four-part series, this blog post compares cash-basis and GAAP-reporting options for filing the required annual financial report.
This blog article describes the annual financial reporting options available to local governments in Washington State.
This 2-part series highlights changes to the annual update to accounting and reporting requirements (BARS Alerts & Overview of Significant Changes). This post focuses on changes to Notes to Financials and in the Supplemental Schedules.
In this 2-part series, Financial Consultant Toni Nelson will be highlighting changes to the annual update to accounting and reporting requirements (BARS Alerts & Overview of Significant Changes) from the State Auditor's Office. Part 1 focuses on changes to the Chart of Accounts.
As financial reporting to the State Auditor's Office wraps up, Toni Nelson explains some other types of financial reports you should be providing to management and elected officials.