At JCox CPAs & Advisors, P.C., we specialize in providing expert accounting, auditing, and consulting services to local governments, public entities, and non-profit organizations with governmental ties. With a deep understanding of the unique challenges faced by these entities, we are committed to delivering solutions that enhance financial transparency, ensure compliance, and drive operational efficiency.

We serve a broad range of local governmental entities including counties, cities, municipalities, towns, townships, special districts, school districts, public authorities, and non-profit organizations with governmental ties. Our comprehensive approach to governmental accounting and financial management helps these organizations maintain sound fiscal practices and comply with all relevant regulatory frameworks.

Our Comprehensive Governmental Accounting Services Include:

1. Assistance with Governmental Accounting

• Accounting System Setup and Maintenance: We help set up and maintain accounting systems that comply with Governmental Accounting Standards Board (GASB) regulations, ensuring your financial operations align with best practices.

• Comprehensive Reconciliation Services: Our team handles the reconciliation of key accounts to maintain accurate financial records, including:

  • Bank Account Reconciliation

  • Accounts Payable Reconciliation

  • Accounts Receivable Reconciliation

  • Credit Card Reconciliation

  • Interfund Activities Reconciliation

2. Governmental Fund Accounting

We support all aspects of governmental fund accounting, which includes:

• General Fund: Ensuring accuracy in tracking revenue and expenditures.

• Special Revenue Funds: Helping you manage and reconcile funds designated for specific projects or purposes.

• Capital Projects Funds: Accurately tracking and reporting capital project-related expenditures.

• Debt Service Funds: Ensuring proper accounting for debt repayment and related interest expenses.

3. Proprietary and Enterprise Funds Accounting

For entities such as utilities, we provide support for enterprise funds, ensuring proper accrual accounting for operating revenues, expenses, and capital asset management.

4. Grant Management and Compliance

Our experts assist with the management of federal, state, and local grants, ensuring compliance with all applicable regulations, including:

• Grant Application and Proposal Development

• Post-Award Grant Management

• Financial and Programmatic Reporting

• Audit and Compliance Assistance

5. Audit Preparation and Compliance

We help ensure that your organization is fully prepared for both Single Audits and Yellow Book Audits by performing internal control reviews, grant compliance testing, and financial statement preparation. We ensure all records are audit-ready and meet governmental reporting requirements.

6. Budgeting and Financial Reporting

We assist with developing, monitoring, and adjusting budgets to ensure your entity remains on track financially. Our services include:

• Annual Budget Development and Monitoring

• Budget-to-Actual Analysis

• Comprehensive Financial Statement Preparation

• Government-Wide and Fund-Specific Reporting

7. Specialized Services for Local Governments

At JCox CPAs & Advisors, P.C., we work closely with local governments, including counties, cities, and municipalities, helping them maintain accurate and compliant financial records. We assist with:

• Municipal Fund Accounting

• Public Safety Fund Management (Police, Fire)

• Public Works and Infrastructure Fund Accounting

• Property Tax and Revenue Compliance

8. Services for Towns, Townships, and Special Districts

Our firm provides tailored services for towns, townships, and special districts, including those responsible for:

• Water and Sewer Districts

• Public Transportation Authorities

• Fire Protection Districts

• Parks and Recreation Districts

We ensure that these entities meet all accounting and reporting standards, including managing their unique revenue streams, expenditures, and capital projects.

9. School Districts and Public Education Entities

We offer specialized accounting services for school districts, ensuring compliance with state and federal funding requirements and efficient tracking of educational expenses, including:

• Revenue and Expenditure Management

• School Fund Accounting

• Financial Reporting for Educational Institutions

10. Public Authorities and Commissions

We assist public authorities and commissions in managing specialized funds and ensuring accurate financial reporting, including:

• Transportation Authorities

• Housing and Urban Development Authorities

• Economic Development Commissions

11. Non-Profit Organizations with Governmental Ties

We also serve non-profit organizations that receive substantial funding from governmental sources. We ensure these organizations meet the necessary financial reporting standards and compliance requirements, including:

• Grant Compliance

• Fund Accounting

• Revenue and Expenditure Tracking

12. Training and Capacity Building

• Custom Training Programs: We provide specialized training for your finance and accounting staff, focusing on governmental accounting, fund management, and compliance with GASB and other regulatory requirements.

• Workshops and Webinars: Our interactive workshops and webinars help your team stay up-to-date on best practices in governmental financial management.

13. IT System Conversion and Support

• Accounting System Conversion: We assist in transitioning to modern accounting software tailored to governmental entities, ensuring a seamless conversion with minimal disruptions.

• System Integration: Our team helps integrate various systems (e.g., payroll, procurement) to ensure smooth data flows and improve financial reporting accuracy.

Why Choose JCox CPAs & Advisors, P.C.?

• Expertise in Governmental Accounting: With extensive experience in serving local governments, public entities, and non-profits with governmental ties, we bring a deep understanding of the unique financial management needs of these organizations.

• Tailored Solutions: We offer customized services that are specifically designed to meet the needs of your entity, whether you are a small town or a large public authority.

• Proactive and Comprehensive Services: We provide proactive guidance, ensuring compliance with regulations and helping you optimize your financial operations.

• Commitment to Training and Development: We empower your staff with the knowledge and skills needed to manage your finances effectively and sustainably.