Single audit applicable to funds from the

Financial Recovery Act.  This AICPA article is a nice summary of the issues that may be relevant to organizations that never had to worry about the Single Audit Act before.  Also check out the links at the bottom of that page to other governmenal audit resources.  A few of the links are to subscription only, but not all.  There are some informative powerpoint slideshows related to webcasts that you can link to. http://www.journalofaccountancy.com/Issues/2010/Jun/20092145.htm

A guide to charitable giving

http://www.charitynavigator.org/
This web site gathers data on nonprofits and reports various top 10 lists.  Some of the lists you would want to be on, others you would not.  Check out your favorite charity.  Very easy site to peruse.

Do you have your $42,000 to pay down your share of the national debt?

The United States hit 13 trillion dollars in the red...Check out this Smart Pros article that helps disseminate the bad news

http://accounting.smartpros.com/x69706.xml

NFP white paper issued by Grant Thornton

that helps explain the appropriate balance of reserves to retain within the organization to balance the multiple objectives.  http://www.gt.com/portal/site/gtcom/menuitem.91c078ed5c0ef4ca80cd8710033841ca/?vgnextoid=fc46f802382b8210VgnVCM1000003a8314acRCRD&vgnextfmt=default

GASB proposed pension reform will get some attention

http://accounting.smartpros.com/x69680.xml   To have government underfunded pensions be looked at more realistically, some recommendations have been made

The States who file but may not have to pay income tax

http://www.taxfoundation.org/publications/show/26336.html

I thought this map was interesting showing the data on the 50 states, as to who files, but may not have a tax liability.

State and local governments shifting to selling taxable bonds

http://www.bondbuyer.com/issues/119_352/monthly_muni_volume-1012894-1.html
While this article in the Bond Buyer newspaper indicates May was the fourth heaviest bond issuance for May since the information has been tracked, it also has some complexities as governments are shifting their financing somewhat to non-tax exempt issuances.  Read to see why this is happening