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A NEW FINANCIAL REPORTING MODEL FOR GOVERNMENTAL FUNDSPosted March 1, 2017 in IGFOA updates• Your General Fund reporting could change…significantly! • What do you think about doing a cash flows statement for your entity-wide statements? • What about doing a cash flows statement for your governmental funds? What about …
Tips to assure you receive information emailed from IGFOAPosted October 18, 2016 in IGFOA updatesList IGFOA as a Trusted SenderInput the following e-mail addresses in your e-mail contact list, address book, trusted sender list or approved sender list: info@igfoa.org execdir@igfoa.org Whitelist websites and email service providers used by the IGF…
Technical Accounting Review Committee (TARC)Posted May 6, 2016 in TARC updatesMonitors and comments on activities and rulings of the Governmental Accounting Standards Board (GASB). The committee provides testimony on GASB standards and educates the IGFOA membership on those standards.
TARC Recommends Accounting Treatment for PPRT Revenue MisallocationPosted April 29, 2016 in TARC updatesBackground In late April, local governments received a notice from the Illinois Department of Revenue (IDOR) that a misallocation of Personal Property Replacement Taxes (PPRT) had resulted in an overpayment of an estimated $168 million to local gover…
White Paper on GASB Statement 61, The Financial Reporting Entity: OmnibusPosted January 31, 2014 in TARC updatesGASB Statement 61, The Financial Reporting Entity: OmnibusIGFOA – Technical Accounting Review Committee (TARC) White PaperJanuary 2014 General Overview of the StatementsMost state and local governments in Illinois are required to have an annual…
