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Governmental/Public Services
TLB has a thriving and dynamic municipal and non-profit accounting, auditing and consulting practice. Each year we complete over sixty municipal and non-profit audit engagements and several special assignments and projects, in most cases for ongoing clients. TLB is a member of the American Institute of Certified Public Accountants’ Governmental Audit Quality Center, an organization dedicated to promoting the importance of quality governmental audits. As a member, TLB incorporates best practices and quality standards for audits performed under Government Auditing Standards and OMB Circular A-133. This participation helps to demonstrate our ongoing commitment to audit quality.
In the municipal arena we perform audits for Towns, School Districts, Water Districts, Fire Districts, Counties, Retirement Systems, Joint Purchase Groups, and other special purpose entities such as sewer districts, refuse districts, public pier corporations and more. Last year we performed work for approximately 22 Towns, 6 Regional School Districts, 3 Counties, 6 self-insurance joint purchase groups, 3 retirement systems, 9 water and fire districts and numerous other special purpose municipal entities.
In the non-profit arena we perform audits for all sorts of organizations, including human service agencies, social service agencies, benevolent organizations, foundations, economic development organizations, housing organizations, arts organizations, health and welfare organizations, unions, membership organizations, land conservation trusts and museums.
The cornerstone of our municipal and non-profit organization services usually begins the entities annual audit. TLB provides high quality, efficient and timely audit services by utilizing the following principles:
Staff Experience – TLB principals and staff have substantial experience in providing auditing, accounting and consulting services to municipalities and non-profit organizations. Our engagement teams typically have over thirty years experience and dozens of audit engagement experiences between them. All staff receive ongoing continuing education and are up to date on the latest developments in the field. In addition to our experienced engagement team – all work and audit issues are reviewed and vetted by an experienced concurring partner.
Team approach – our team approach allows us to complete multiple audit sections and tasks efficiently and simultaneously. Each of our team members is experienced and has the knowledge to efficiently and properly complete the task assigned to them. One of the benefits of our team approach is continuity of staff, which helps us provide you with the personal service you expect and deserve. Utilizing experienced staff and minimizing staff turnover on your annual audit engagement minimizes the time you will need to administer and respond to questions of the audit engagement. Your municipality or non-profit organization will not need to “train” or provide significant direction to our staff.
Partner participation – our partners and principals are significantly involved in each engagement to efficiently answer questions, resolve issues and provide proper supervision and guidance throughout the engagement and to minimize delays and questions at the end of the engagement.
Commitment to client service – each of our team members is trained and experienced in responding to your needs. Firm principals are accessible and readily available to assist you as needed.
Our audit process – TLB We use a national accounting services firm to provide general audit programs and planning and evaluation forms and checklists, as well as our own internally developed index and work papers designed specifically for each engagement. The combination of the general audit programs with our own Massachusetts and client specific work programs results in a higher quality audit with consideration given to all the relevant auditing and accounting standards and national and local trends. TLB continually re-engineers the audit engagement process to maintain efficiency, quality and relevance and to provide advice that will add value to your organization.
Our services and responsibilities do not end with the annual audit. TLB has substantial experience providing municipal and non-profit organizations with a wide range of consulting and interim services including the following:
Municipal year-end closing assistance
e-government consulting, design and process implementation
Interim accounting, treasury, and collector services
Internal control assessments and evaluations
Departmental procedural reviews
Fraud and forensic accounting investigations
Software evaluation and implementation
Chart of accounts design
Process management
Schedule A preparation
Municipal budget preparation/design
Utility rate studies and reviews
Capital budget design and planning
Student activity fund audits/reviews
School Building Assistance construction audits
School Department End of Year Report procedures
Cost Studies
Indirect cost rate design, evaluation and audit
Municipal reorganizations
Account reconciliations (cash and receivables)
Free cash certification assistance
Debt management and analysis
Tax rate certifications and recap preparation
Enrollment studies and evaluations
Enterprise fund organization
Self – Insurance accounting, reporting and evaluations
Preparation and review of Uniform Financial Reports (UFR’s) for Non-profits top of page^ |
