Government Accounting & Financial Consulting Services Overview
Explore MBFS's comprehensive range of government accounting and financial consulting services. Experience excellence.
Financial Consulting Services
Financial Reporting and Compliance
MBFS offers comprehensive Financial Reporting and Compliance services tailored specifically for Government Agencies and School Divisions. Our services include:
Annual School Report Preparation Services:
Prepare comprehensive reports summarizing the financial performance and activities of school divisions over the fiscal year, including expenditure analysis, revenue sources, and program effectiveness.
MOE (Maintenance of Effort): Ensure compliance with federal and state requirements related to Maintenance of Effort, which mandates that local education agencies maintain a consistent level of funding for education programs from year to year.
Excess Cost Reporting: Assist school divisions in accurately reporting excess costs associated with providing special education services, as required by federal regulations under the Individuals with Disabilities Education Act (IDEA).
Federal Financial Reports: Prepare and submit financial reports required by federal funding agencies, such as the U.S. Department of Education, to account for the use of federal funds in accordance with grant requirements and regulations.
Consultation and Advisory Services: Offer expert consultation and advisory services to school divisions on complex financial reporting issues, compliance challenges, and regulatory changes, providing guidance and support to achieve financial transparency and accountability.
