measurement, processing and communication of financial information about economic entities
The Office of the Auditor published a financial statement audit of the North Carolina Department of Public Instruction (DPI) for the year ended June 30, 2019. The independent audit discovered…
In 2016 Georgia granted $667 million in tax credits for film productions. In return, Georgia realized only $65 million in net new revenue, meaning the state self-inflicted a net revenue…
NORTH CAROLINA GENERAL ASSEMBLY Senator Donald G. Davis 5th District Office: 300 N.SalisburyStreet 523 Legislative Office Building Raleigh, North Carolina 27603-5925 Phone: (919)715-8363 Fax: (919)754-3159 Email: [email protected] Counties: Pitt andGreene…
Anthony Hennen of the Martin Center focuses on potential mislabeling of some higher education spending. Public colleges spend public money, but college officials are reluctant to make information about their…
Dan Way writes for Carolina Journal that Ronald Penny, State Revenue Secretary, warns that small municipalities in rural counties may not survive due to losing residents and tax base. State…
The University of Chicago is known for its imaginative admission application essay questions, questions such as “So where is Waldo, really?” or “Find x” or one year “How are apples…
We all know about the federal government’s rising debt, but Kathryn Watson of the Daily Caller urges us to consider another lingering liability. Taxpayers are on the hook for one…
Elizabeth Harrington reports for the Washington Free Beacon on financial shenanigans used to help prop up struggling Obamacare co-ops. Co-ops created under Obamacare reported net assets despite losing millions because…
The Governmental Accounting Standards Board, otherwise known as GASB, announced that two statements are now published that will improve the accounting and financial reporting by state and local governments for…
Buncombe County’s CAFR was stellar, just stellar. But curious were four references to depreciation of intangibles. I asked Finance Director Donna Clark exactly what that meant. Was goodwill wearing thin?…
Thomas Donlan explains in the latest issue of Barron’s why Detroit’s bankruptcy could prove helpful because of its “ray of light illuminating the management and reporting of state and local…
The Henderson County Commissioners are likely getting soft with funding for the Flat Rock Playhouse. After refusing to disburse their appropriation until the nonprofit tightened its accounting practices, Commissioner Larry…