Cost-Saving Ideas: Legal Requirements
Find specific sections of the law related to capital asset management.
Find specific sections of the law related to capital asset management.
The financing of justice courts is a local responsibility and maintaining a court may pose administrative and financial challenges. As a result, there is growing interest by citizens and local governments to explore consolidation of justice courts, when practicable. In these cases, towns and villages should consider consolidating their justice courts. Benefits of consolidation include, but are not limited to, maximizing services by pooling resources and streamlining the court system by centralizing services.
The internal auditor:
The internal auditor must report directly to the board.
In many local governments and school districts, employees have the option to receive health insurance coverage after retirement. Among other things, the retirees may be:
To ensure your fleet operation is cost effective and efficient, you should establish a management policy that each department can monitor for compliance.
Essential to this oversight is keeping good records, such as vehicle daily mileage logs, fuel usage logs, and the cumulative costs of parts, labor and overhead by a vehicle over its life.
Because your municipality’s fleet and usage are unique, use these guidelines to craft an effective fleet management system best suited to your needs.
The external auditor performs the legally required financial statement audit and renders an opinion on whether the financial statements are in accordance with Generally Accepted Accounting Principles (GAAP).
You can realize significant savings for your school district or local government by paying less for energy and consuming less energy. Reducing energy consumption also makes communities greener.
As an employer, you should always look for ways to contain health insurance costs without cutting current benefit levels.
When employees need to make small one-time purchases, it is often more convenient for them to pay with a credit card than to fill out a procurement request form and wait for it to be approved. This also saves time and energy for procurement staff.
The cost of this convenience is the heightened risk of inappropriate spending, such as wasteful or personal purchases. To ensure that credit cards are used only for approved and necessary expenses, local governments must have both a credit card policy and a system of internal controls in place.
To effectively manage your local government’s capital assets, you must develop a long-term plan. The plan should address how you monitor and maintain assets and how much you can spend within your budget.
By developing a structured approach for assessing and funding capital assets, you can help avoid the unexpected, such as sudden road or building closures or cost overruns.