Public Authorities Articles
2025 Exempt Conference Resources
Posted by Seth Hennard on December 04, 2025
View the 2025 Exempt Conference resources here.
Understanding the 2024 Yellow Book Update
Posted by Jenna Sheehan on December 03, 2025
Mark your calendars; the long-awaited revisions to the 2018 Yellow Book will take effect December 15, 2025. The changes were released in early 2024, but soon they will be the standard that government auditing is held to.
Five Things to Know About Outsourcing Your Government Accounting Function
Posted by Jeremy Smith on September 15, 2025
Local government leaders across the country are consistently tasked with finding ways to stretch shrinking budgets and dwindling staff. Here are just a few of the benefits Lumsden McCormick can offer government entities looking to maximize resources.
Energy Tax Credit Changes Under the One Big Beautiful Bill Act
Posted by Sara Dayton on September 12, 2025
With the passing of the One Big Beautiful Bill Act (OBBB), a number of the tax incentives created or strengthened by the Inflation Reduction Act (IRA) of 2022 have been repealed. Learn about the credits that will be expiring early under the new tax legislation and consider taking advantage of them before the window to do so closes.
Capital Planning 101
Posted by Kyle Januszkiewicz on June 06, 2025
Capital planning is a critical component of management for governments and public institutions. Here, we break down the capital planning process into four parts.
Audit Readiness Tips: How Government Agencies Can Best Prepare for an Audit
Posted by Jeremy Smith on May 16, 2025
Federal, state, and local government agencies are subject to external audit requirements, so it’s in your agency’s best interest to practice something known as audit readiness.
Strategies for Managing Budget Constraints in 2025
Posted by Matthew Cronmiller on March 28, 2025
Facing budget cuts? Learn practical, cost-saving strategies to help government agencies maintain essential services and maximize efficiency amid federal funding uncertainties.