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Federal grant programs can come with administrative requirements that can overburden staff. If your organization has accepted—or plans to accept—federal grant money, it’s important to understand the requirements that come along with it.
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Over the past few weeks, the US Treasury Department and the Minnesota Management & Budget (MMB) have issued updated Coronavirus Relief Fund guidance. We’ve broken down some of the key items from this guidance that may be important for your organization.
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For many entities, the Coronavirus Relief Fund (CRF) has provided much-needed economic relief—or at least a bridge to next year’s budget. At the same time, however, the fund has also created a significant amount of confusion. Here’s what all Minnesota local governments should know about this MMB reporting requirement.
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In the midst of the recent challenges, budgeting season looms, bringing with it a difficult question: How will COVID-19 impact your organization’s 2021 budget? Here are a few steps you can take to begin formulating an answer.
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Automation is about eliminating redundancies, minimizing paper, and avoiding inaccuracies. It’s about making life easier for your employees as well as your most important stakeholders—your residents. Learn about a few ways your residents can benefit from automation.
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For many organizations, the thought of establishing a performance-based compensation system can be daunting. Although it can’t be done overnight, this type of change is possible. And it’s likely to help solve a persistent challenge: retaining high performers.
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Automation, when implemented correctly, can bring about several benefits. Implementing an electronic work order system, for instance, is an automation tactic that directly benefits fieldworkers. Here’s how it could benefit fieldworkers within your organization.
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GASB 87 will impact you if you’re leasing property as a lessee or lessor. Generally speaking, the statement narrows the existing definition of a lease and modifies how it should be recorded on your financial statement.
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GASB 84 establishes criteria for identifying fiduciary activities. In a nutshell, it narrows the existing definition of a fiduciary fund and clarifies how these funds should be treated in the financial statements.
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Automation tends to involve software, but it’s never about reducing an organization’s head count. Instead, it’s about eliminating redundancies, paper, and inaccuracies while empowering employees to focus on meaningful work.
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