Balancing your budget with the needs and expectations of those you serve is an ongoing challenge for any government entity. Yet each one has its own unique challenges and opportunities. Working with experienced government accounting professionals who will learn your situation and are accessible year-round can create the collaborative environment you need to do more with your resources.
Our team of professionals are recognized leaders nationally and locally in organizations such as the GFOA, AGA, and the AICPA, and work with government clients of all sizes across the country. Our experience in governmental accounting standards means that no matter what issues you are facing, we can help you find solutions that make sense. One of our Senior Managers, Janeen Hathcock, is currently a GASB Fellow, which is tremendous asset to our firm and government clients.
Our clients also benefit from our advanced technology solutions we provide them. The public sector is undergoing a digital transformation similar to other industries. We’ve effectively digitized and streamlined the processes at hundreds of government agencies, including state and local government. Our tech solution team can conduct a deep-dive into your processes, a system discovery project or a department-wide implementation, helping address our clients’ challenges and improve efficiency.
Whether you are struggling to streamline your operations, increase and manage revenue streams, eliminate arbitrage confusion, prepare for or conduct an audit, fortify cybersecurity, boost business intelligence, communicate better and work smarter with constituents and vendors, or plan for the future, our government accounting professionals are inspired to help you do the most with your resources. We can transform the way you do business.
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"It’s a dream that we could grow this, replicate it, expand it so that all the county departments could have this single view to the needs of our constituents."
Eide Bailly's depth of knowledge within school districts has been very comforting. Their professionals have been helpful in explaining new regulations and keeping me up-to-date. I actually enjoy having them here for our audit."
As a small agency, cost containment is always a priority. The Eide Bailly Special Districts team has a very good perspective on how to address our costs because they have worked with a diverse group of clients."
"Eide Bailly has helped us make a fair presentation of our financials and helped in the adoption of new reporting requirements and reporting standards. The Eide Bailly staff has a good depth of industry knowledge and accounting standards. They do their homework and are well prepared for the issues we encounter."
Our prior audits had numerous findings, adjustments, and internal control deficiencies. Eide Bailly helped us to turn that around in the first year and we have had perfect audits going forward."
The Eide Bailly team has helped streamline our financial reporting process and dramatically reduce my workload. With their help we've been able to improve our internal processes overall and provide our board of directors information that is imperative to making sound financial decisions."
Eide Bailly has done a great job leading us from where we were to where we are today. They have assisted our Board of Directors in standardizing practices and understanding the financial impacts."
"Eide Bailly helped us with some very large administrative and financial changes we wanted to make, which included transferring our treasury, setting up our new payroll vendor and navigating payroll taxes. Their expertise has helped us create more flexibility and oversight of our funds."
Eide Bailly has helped us adjust procedures and create efficiencies that have allow the Commission to confidently move forward, with sound financial policies and procedures."
"The Eide Bailly Special Districts team has a remarkable depth of knowledge in public finance. There hasn’t been a time where they weren’t able to help us or meet a required deadline. They have met or exceeded every goal we’ve had."
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Transform your government entity with a team of advisors who know and understand your challenges.
In these complex times, it’s become increasingly difficult to operate efficiently and productively. If you are still operating the way it’s always been done, transformation is long overdue. No matter what size or type of government entity, there are certainly areas that need improvement.
When you have a team of government accounting advisors working on your behalf, you will be able to make better decisions. You will be more equipped to collaborate more effectively within your organization, as well as engage more with your constituents. Having direct access to the right advisors, tools and resources will give you an invaluable advantage. Be sure not to delay the transformation process any longer.
Inspired to Transform the Public Sector
Transform your government entity with a team of experienced advisors who understand the complexities and challenges you face. We’re here to guide you, help you remain compliant and maximize resources.
When you work with an Eide Bailly advisor, you can keep your focus on improving operations.
The challenges in the government sector are diverse and unique. Accounting and finance decisions have added weight because you are not only handling public money, but doing so with incredible scrutiny. Balancing the day-to-day needs of this responsibility with the necessity of finding time to do big-picture thinking and strategizing can be difficult.
You don’t have to carry this burden alone. Advisory services can relieve the stress of critical government functions that you either don’t want to do or don't have the deep expertise on staff to complete successfully. Our advisory services include:
Maximize your resources.
In addition to a comprehensive array of advisory services, we can help guide you through other common challenges that government agencies face:
Agreed-Upon Procedures - Positioning you to receive all entitled revenues. It's important that your government receives its full share of revenues from sources outside traditional taxes and service fees. Special revenues can include lease agreements, franchise taxes and utility billings.
Determining the accuracy of the procedures being performed by outside vendors can help ensure that you are receiving the revenue you are owed. In addition, evaluation of your internal controls helps identify the effectiveness of processes you have in place.
We have helped government agencies collect missed revenue and understand the importance of efficient internal controls. Our professionals are nationally recognized leaders in the government industry who will take the time to learn your unique circumstances.
Arbitrage – Save money and stay in compliance by understanding arbitrage.
Government entities issue debt financing to fund necessary infrastructure projects and must seek IRS-required arbitrage. Arbitrage requirements can be complex, so you need a solid understanding of the requirements to avoid IRS penalties.
It is important to understand the complexities of arbitrage and provide the necessary calculations during the following:
By making the necessary arbitrage calculations, you can stay in compliance with IRS regulations. We have experience providing arbitrage calculations for state and local entities with debt balances ranging from thousands to millions of dollars. We can provide you with the peace of mind that your arbitrage calculation will be handled properly and in a timely manner.
Internal Audit - Reduce risk and improve operational performance. When your government agency strategically evaluates and manages risk by conducting an internal audit, it often results in:
An internal audit is a vital component of governance and strategic risk management. It provides an additional element to risk assessment across your organization, facilitates improved processes and controls, addresses regulatory or other compliance issues, and ensures processes are efficient through the COSO framework.
Our internal audit professionals bring strong process, procedure, internal control and risk management experience to your organization. We bridge these skills with specialized insight related to risk and compliance and specific industry knowledge, to help your organization reduce risk and improve operational efficiency.
Performance Audit - Gain unparalleled results, tailored to your needs.
Performance audits are complex in scope and nature, and unique to the programs they are examining. Engaging the right team is critical to creating objectives that will help you improve program performance and operations, reduce costs, facilitate decision-making and contribute to public accountability.
When you work with Eide Bailly, you’ll get an experienced team who concentrates on performance audit engagements. You’ll get results tailored to your needs and objectives, from professionals who understand your unique situation. Our approach is different than many others. We utilize a wealth of performance audit methodologies to profile and assess the performance of your programs and operations. In addition, we believe frequent communication is the key to delivering the best results, on-time and within budget. We communicate proactively and constructively regarding the status of the project and any noted issues, problems, or concerns. We want to ensure you receive value‐driven results.
State and Local Government Consulting - Understanding standards and risks results in effective governing. State and local governments are continually evolving due to:
Your state, county, municipality or public agency can navigate these complex times with the help of an experienced government advisor. Through training, internal audit, forensics, internal controls analysis and testing, GASB implementation consulting, audit finding resolution, GFOA review, performance analysis and other specialized engagements, your organization can stay on top of changes.
Eide Bailly's professionals play an active role in developing and applying governmental accounting standards. We're at GASB board meetings and serve on the GASB’s task forces, taking our clients' concerns directly to decision makers. We serve on the AICPA State and Local Government Expert Panel and chair national boards that comment on proposed standards. Eide Bailly understands your government because we've served as preparers, auditors and nationally recognized thought leaders for decades.
What inspires you, inspires us. Get help from a team of professionals who will take the time to understand your unique government agency and its goals. We aspire to become a valued extension of your team.
Government agencies constantly need to improve their methods of serving constituents. With the help of Eide Bailly advisors and Salesforce, they modernized the way they capture, analyze and manage their customers’ data. Moving to this powerful CRM tool has helped transform the way they operate and serve their constituents.
Are you ready to take the first step in improving processes and increasing productivity in your government agency?