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Baker Tilly has a long history of serving government clients with reliable and timely business solutions. The skilled and knowledgeable Baker Tilly professionals who work with state and local governments build on that history. They also stay alert to the exacting challenge of helping you make the most of your resources right now. State and local government specialists at Baker Tilly provide a range of accounting and advisory services that help you address many critical issues. These include services in accounting and assurance, economic development, financial analysis, operations and management, CIVIC Systems software, and municipal utility creation. The members of our Baker Tilly team have more than 30 years of experience in managing public sector and government issues. We understand first hand the demands you face and the important impact of thoughtful solutions. Through active participation in state, regional, and national organizations, we connect with emerging issues that matter to you.
| Recent Insights for State and Local Government Agencies |  | What the Governing Body & Management Should Know About GASB No. 54 March 2, 2010
The Governmental Accounting Standards Board (GASB) has recently issued Statement No. 54. This Statement clarifies the definitions of governmental fund types which may result in some of your funds, in particular-special revenue funds, becoming part of your general fund for external financial reporting unless your government takes specific action. These changes will affect your financial statements for the year ended December 31, 2011.GASB No. 54 could have financial impact on your local government if action is not taken. |
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