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How Businesses Can Use Stress Testing to Improve Risk Management

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If you’ve been following the news lately, you’ve surely heard or read about the sudden rise in concern about the banking industry. Although the story is still unfolding, an important […]

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MPSERS 147c(2) One-Time Deposits

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The State School Aid Act was recently amended to include one-time distributions under section 147c(2) to participating districts of the Michigan Public Schools Employees Retirement System. These additional payments will […]

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GASB 96 – Subscription-Based IT Arrangements

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The Governmental Accounting Standards Board (GASB) Statement No. 96, subscription-based IT arrangements (SBITAs) is effective for the District’s 2023 year-end. This Statement’s objective is to require recognition of certain lease […]

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The Ripple Effect of Failed Banks

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Several banks have come under scrutiny as depositors have lost trust in the safety of their deposits and, so far, three banks have failed: Silvergate Bank, Silicon Valley Bank, and […]

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President Biden’s Proposed Budget Includes Notable Tax Provisions

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President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous […]

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