Weekly, plain-English explanations of the standards and requirements that drive public finance work in California, written for the people who have to apply them.
· 3 min read
The Financial Transactions Report is due seven months after year end with no extensions. Most of the work is not accounting. It is translation, and translation can be done once.
· 4 min read
Since 2015 every employer in a shared pension plan carries its slice of the plan's unfunded liability on its own books. It can feel like the state handed you its pension problem. Here is what actually changed, and what it means for a small agency.