The Moment of Truth

For the past nine months, the Presidentially-created bipartisan “National Commission on Fiscal Responsibility and Reform” has been working to develop specific recommendations to address the national deficit.  Released on December 1, 2010, “The Moment of Truth” is a simply written document outlining specific recommendations to address the country’s deficit financial condition. Highlights within the report … Read moreThe Moment of Truth

Ongoing Debate Regarding Financial Risk Associated with Water Shortages

Water availability is a concern that is not new to water utilities, especially in certain parts of the country. The Natural Resources Defense Council (NRDC) recently reported that more than 1,100 counties in the United States will face high risks of water shortages by mid-century and more than 400 of the counties will be at … Read moreOngoing Debate Regarding Financial Risk Associated with Water Shortages

Tips for New Auditors: Year-End Budget Transfers and Budget Amendments

Before closing out the books for 2010, there are a few things that a new Auditor should note.  First, be sure to review the 2010 budget and make sure all budgeted transfers have been completed.  Any transfers or budget line items that the governing board decided not to complete or that you feel should be … Read moreTips for New Auditors: Year-End Budget Transfers and Budget Amendments