State Board of Accounts 211 Articles
- Can the library conduct a fundraising event?
- Are we allowed make payments through ACH?
- How do we account for an advance grant? Is an appropriation required?
- Under what circumstances can a home-ruled fund be established and how do we set up the home-ruled fund?
- At what value should donated capital assets be reported?
- If a city or town raises the capitalization threshold, do the items formerly reported on the capital asset ledger under a lower threshold remain on the capital asset ledger?
- For the Gateway Annual Financial Report (AFR) lease schedule, do we report capital leases only or do we also report operating leases?
- Who is going to track training hours when SBOA has a State Called Meeting?
- Are there any fund usage preference requirements to be aware of in administering MVH funds?
- If we do not meet the 50% Motor Vehicle Highway (MVH) requirement, what are the implications?
- Can we establish a beginning balance for Motor Vehicle Highway (MVH) Restricted funds?
- I hear talk of “Home Rule” and am not sure I fully understand. Can you explain?
- Our town hall needs some repairs – new roof, air conditioning, etc. Are there any rules as to how we pick a contractor or if we have to take bids, etc.?
- We have several pieces of equipment that we would like to sell and buy newer items. What do we have to do in order to sell these items?
- We want to purchase new equipment. What are the requirements for when bids or quotes are required?
- I have all these old records and I need to make room in my office. How long do I keep certain records and which ones can I destroy?
- What are the requirements for posting notice of council meetings or having Executive Sessions?
- What are the statutory responsibilities of a clerk-treasurer?
- What are the allowable costs that can be paid from the Public Safety Local Income Tax (LIT)?
- Can I use the County’s Elected Officer Training fund to pay for my Deputies training?
- Are we required to complete advance tax draws? Is there a minimum that has to be distributed?
- How do we account for Redevelopment Commission Funds? Do we have to change the bank where the funds are located?
- What is the proper procedure to designate an acting Trustee?
- What procedures should be followed when the value of a capital asset is not known?
- What percentage of telephone, cellular, and internet expenses are allowed to be reimbursed?
- What funds may be transferred to the Rainy Day Fund?
- Do substitute teachers need to have contracts with the school corporation to receive compensation?
- Is it allowable to have a faculty/staff fund accounted for in an extracurricular account?
- What funds may be transferred to the Rainy Day Fund?
- What are the proper procedures to follow to properly report commodities on the Schedule of Expenditures of Federal Awards (SEFA)?