Government Entities

Our Qualifications

Decosimo dedicates a government services team that is passionately committed to government entities year round. We provide our governmental clients with access to certified public accountants from across our regional practice network who have undergone specialized training and have dedicated their careers to serving the tax-exempt sector. 

Our highly skilled team of government specialists attend conferences and continuing professional education seminars each year to ensure they possess the most up-to-date information concerning rules and regulations governing governments, including specific training in conducting Yellow Book and A-133 audits. Our assurance professionals possess an in-depth knowledge of governmental accounting standards and the Government Finance Officers Association (GFOA) Comprehensive Annual Financial Report (CAFR) review program.

Decosimo has the resources and knowledge to help governmental organizations of virtually any size succeed and meet reporting requirements. Ranging in size from $250,000 to $1.15 billion in assets, Decosimo serves more than 100 tax-exempt organizations including governmental entities such as: 

• Local Governments, Counties, Cities, Townships, Villages
• Airport Authorities
• Transit Authorities
• Port Authorities 
• Councils of Governments
• Public School Districts
• Mental Health Boards and Agencies
• Educational Service Centers

We Can Help

Contact our experienced government services team and ask us how we can help. Decosimo offers strategic financial and management solutions to state & local governments committed to serving their constituents. By developing innovative responses and creative solutions, we help our government clients meet the demands of today's public sector environment that stresses accountability, yet demands more services from less available resources.

Our government specialists deliver valuable recommendations and solutions to address operational efficiency, cost control and revenue enhancement matters in a proficient and cost effective manner.

Traditional Assurance and Reporting Services

Besides annual financial statement and single audits and IRS Form 990 filings, Decosimo’s governmental services team also supports our clients with the adoption, presentation and calculations for key GASB standards, including the following: 

• GASB 34 Basic Financial Statements - Management’s Discussion and Analysis - For State and Local Governments
• GASB 45 Accounting and Financial Reporting by Employers for Post-employment Benefits Other than Pensions
• GASB 54 Fund Balance Reporting and Governmental Fund Type Definitions
• GASB 7 Advance Refundings Results in Defeasance of Debt
• GASB 23 Accounting and Financial Reporting for Refundings of Debt Reported by Proprietary Activities
• GASB 51 Accounting and Financial Reporting for Intangible Assets
• GASB 53 Accounting and Financial Reporting for Derivative Instruments

Non-Traditional Services

• Cash to GAAP Conversions
• Tax Increment Financing (TIF) Analysis
• Accounting Management Services
• Performance Audits and Performance Management
• Operational and Efficiency Analysis
• Service Efforts and Accomplishments (SEA) Reporting
• Projections and Forecasts
• Arbitrage Calculations for Tax-Exempt Bond Offerings
• CAFR Preparation and Presentation
• Internal Audit Services

Decosimo personnel also will be there to identify and evaluate W-2, fringe benefit and payroll tax issues and other potential tax pitfalls.