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Commingling of Federal and local funds....?
I work for a department within a local government whose fiscal year is the same as the calendar year. We have a contract with the Federal government to complete certain work and when complete we are paid. Our local Podunk Controller doesn't understand that 1. you cannot commingle the Federal and local funds, 2. the funds are received because we have completed our side of a contractual obligation and 3. how to properly carry said funds over to the next fiscal year. Any ideas such as flow charts, coloring books, etc. I can give to this person (who by the way is also a CPA and was formerly a bank VP) so they can better understand what they are doing wrong. Also, why it is the locality actually owes my department, but more importantly the Federal government this money. Any and all help will be appreciated. Thank you, skiwitch ;D
Public Comments
- Maybe you should look into getting a new controller. If he can't figure this out then he needs to go.
