By Lisa Bush, Senior Solutions Consultant
Printing utility bills can be a timely and costly job for most municipalities, but since utilities are a main source of revenue, it’s also one of the most important.
For the most part, larger municipalities have been outsourcing their monthly billing to full-service print companies because it’s more economical. Small and mid-sized cities haven’t jumped on the outsourcing bandwagon as quickly; they don’t necessarily have the minimum volume required for printers, and they also prefer to use their local post offices.
By Rosemary Buchanan, BBA, CPA, CA, Customer Solutions Consultant for USTI
On May 1st, 2017 the Public Sector Accounting Board (PSAB), a division of Financial Reporting & Assurance Standards Canada , released its Exposure Draft on Revenue . Comments were accepted on the draft document prior to August 15 th and the board will be reviewing those comments between September, 2017 and June, 2018 when the Exposure Draft is expected to become effective as part of the CPA Handbook. The Exposure Draft was written to address a recognized lack of guidance with respect to revenue recognition in the public sector. This deficiency has resulted in inconsistent revenue recognition between various public sector bodies, which has reduced the value of comparisons between like organizations. It was clear that a prescribed solution was needed.
By David Entrekin, Director, USTI
Even though the trend to move to Cloud-Based Applications in the general consumer market started several years ago, it has not been widely adopted by the small local government market. However, this has started to change with 2017 budgets.