Current matters and resources related to an improved understanding of governmental accounting at the national, state, and local level. Also matters related to the accounting of Nonprofits are included.
Monday, February 28, 2011
Governors say recovering not recovered
and that being fragile, we "don't need a hiccup right now", pertaining to the compromises being made to prevent government shutdown. Concerns about the muni bond market as well. http://www.google.com/hostednews/ap/article/ALeqM5j5Hhee4ylImKG7dneaOyD477h06g?docId=a4bf24d1fd6d4881b4df7701ff4dfa53
Optimistic no government shutdown
From the Hill's blog briefing room http://thehill.com/blogs/blog-briefing-room/news/146323-van-hollen-optimistic-on-shutdown
Saturday, February 26, 2011
Governmental resources
at this site. Especially useful may be under connections tab, the links to bureaus and to programs http://commerceconnect.gov/
Tuesday, February 22, 2011
Public Employee Pension Transparency Act
sponsored by Republicans has been gaining some support. http://oregonbusinessreport.com/2011/02/public-employee-pension-transparency-act-gains-support/ A Wall Street Journal article on 2/22/11 also addressed this. The act would require states and municipalities to meet new reporting standards and would ban federal bailouts of pension funds.
Thursday, February 17, 2011
A governor who didn't vaporize
when he suggested that Social Security age should be raised. http://www.nj.com/news/index.ssf/2011/02/nj_gov_christie_says_us_should.html
Monday, February 7, 2011
GAO 2010 audit is critical of the SEC
and Congress is not wanting to give it a budget hike; also noted some accounting weaknesses http://www.allheadlinenews.com/briefs/articles/90033133?GAO%20report%20hits%20SEC%20for%20accounting%20weaknesses
Thursday, February 3, 2011
Some IRS 990 errors
causine certain NFP forms at Guidestar to be inaccurate http://www.bkd.com/media/articles/insights/npg/2011/2011-02alertsNPG-1.htm
Tuesday, February 1, 2011
State pension obligations
to be factored and looked at differently by Moodys. More like a real debt. Illinois is specifically mentioned.in this blog related to The Economist. http://www.economist.com/blogs/freeexchange/2011/01/fiscal_policy