Small-dollar transactions, big responsibilities: five best practices for ASB fundraising and cash receipting
Whether from yearbook sales, prom tickets or direct donations, the money raised by Associated Student Body (ASB) groups are public funds.
Whether from yearbook sales, prom tickets or direct donations, the money raised by Associated Student Body (ASB) groups are public funds.
Most governments own a variety of assets that they track and inventory, beyond what they do for financial reporting purposes. We call them small and attractive assets here in Washington state, but across the nation, people refer to them as theft-sensitive assets, walk-away assets or controlled assets.
How long has it been since your government evaluated its credit card program? Was it when we published our original best practice resource in July 2019, just before the start of the COVID-19 pandemic?
Imagine you just bought a home, but you don’t like the kitchen because it’s outdated. Since this is potentially your “forever home,” it makes sense to update the kitchen so you can enjoy it for years to come. In a similar situation, a local government keeps its capital asset records for years – sometimes decades – so why not take the time to improve them? Like the kitchen, the investment in improving your capital asset management system is worth it because you can reap the long-term benefits.
Employees are on the road again, traveling to various in-person trainings and conferences. Given this, one cannot help but wonder about the internal control systems for processing employee reimbursements and travel claims. Are they ready to handle this activity and prevent waste, loss or abuse?
Originally published January 12, 2024
Updated April 24, 2025
This blog post was originally published in January 2024, but we've recently updated the Checklist for 2025 reporting year. You can find the new Checklist in SAO’s Resource Library. We've also updated the links in this post for your convenience.
What’s new?
As we performed federal single audits this year, a common issue arose – a lack of compliance with federal wage rate requirements. Much of the issue stems from local governments that managed federally funded construction projects for the first time but did not provide enough training to their staff on federal wage rate requirements.
One of the best tools in your fraud-fighting toolbox is a bank statement review. Whether you are a finance professional, a department head, or even an elected or appointed official, reviewing the bank statements can greatly increase your odds of deterring and detecting fraud.
Fuel prices can be volatile. When they rise, governments will feel it in higher fleet-operation budgets, and employees will feel it in their wallets. And here at SAO, we will likely see more local government reports of known or suspected fuel-related losses and frauds.
Accounts payable is a process that delivers significant payments to vendors for goods and services and keeps local government operational. While the tasks that make up your accounts payable process may seem repetitious and mundane, they serve a critical business function—and they are vulnerable to fraud and error. When was the last time you took a hard look at your accounts payable process to ensure it's still designed appropriately and functioning properly?