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October 15, 2020 Newsletter 8 min read
Welcome to K-12 Perspectives, your hub for insights on everything from new auditing regulations and cybersecurity threats to capital improvement programs and integrating technology. Subscribe now.

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October 2020

K-12 federal awards: Are you prepared for the challenges ahead?
School districts are experiencing an influx of federal grant funds, comparable to levels during the Great Recession. We share tips to help you maximize the value of the funding, while staying compliant.

COVID-19 funding impact on single audits: Key questions and answers
If your organization received federal funds related to COVID-19, you might need a single audit. Our experts answer key questions about determining whether you do, completing the SEFA, internal controls, and preparing for the audit.

Coronavirus relief funds: What to know now
Coronavirus relief funds come with significant strings attached. Funds must be used for the specified purpose, costs carefully identified, and reporting and recordkeeping requirements strictly followed. Here’s what you need to know to stay in compliance.

Vendor security breaches: Four steps for risk reduction
Your organization could be the Fort Knox of cybersecurity when you consider these four steps for risk reduction.

GASB update: Are you on track?
There are several GASB updates coming over the next few years, and now is the time to prepare. This educational session will walk you through the upcoming changes and help you prepare.

GASB accounting standard update: Fall 2020
Download our fall update for an overview of important GASB activities and new standards.

Defined contribution plans & GASB Statement 97: Key considerations
With the issuance of GASB Statement 97, defined contribution plans can now enjoy some favorable treatment when it comes to applying GASB Statement 84. But government entities still need to consider a couple of key factors. We explain.

Plante Moran announces the election of 25 new partners
Plante Moran celebrates the election of 25 new partners in 17 offices across four states.

September 2020

Six-degree hacker assessment: Is your information at risk?
There are six key layers of control separating your data from unauthorized access or hackers. It’s important for leaders to understand how effective each layer is protecting your organization.

Optimization or transformation: Public sector ERP in a remote environment
In this session, we’ll provide tools for making enterprise software decisions in a remote environment, whether it is optimizing what you currently have or procuring new. We'll help you evaluate what factors to consider in your decision making.

Provider post-payment notice of reporting requirements update
You may have received CARES Act provider relief funding without realizing it. Here’s how to find out and what to do next.

Three tips to manage your end-of-life ERP system
If your ERP system is reaching end-of-life status, it’s time for you to reassess your needs and evaluate your options.

The great K-12 restart: Top IT and cybersecurity tips
With the possibility of large-scale remote learning on the horizon, is your district ready for new strain on your IT and cybersecurity systems?

GASB update: Are you on track?
There are several GASB updates coming over the next few years, and now is the time to prepare. This educational session will walk you through the upcoming changes and help you prepare.

Seven priorities for public sector finance officials to manage through disruption
You’re managing through the disruption caused by the COVID-19 pandemic and addressing the most obvious needs — cash flow, personnel matters, operation continuance strategies, and many more. But are you aware of these other high-priority items?

August 2020

The great K-12 restart: Top IT and cybersecurity tips
With the large-scale remote learning on the horizon, is your district ready for new strain on your IT and cybersecurity systems?

Manage through today, prep for tomorrow: Our public sector webinar series
While it’s difficult to see past the current COVID-19 crisis, public sector leaders need to think about tomorrow while managing through today. We’re offering a series of webinars to help you stay on top of emerging issues while navigating the impact of working in a remote environment.

Top three things to consider if you’ve received COVID-19 funding
If your government agency received federal COVID-19 funding, address these three areas to make sure you’re covered. Federal funding for COVID-19 is bringing welcome relief, but certain guidance from federal agencies is lacking. Here’s how to address compliance requirements in the meantime.

Are you prepared for the next disruption? An enterprise risk management guidebook
Risk management is critical to every organization, yet many leaders don’t think seriously enough about it until it’s too late. Enterprise risk management helps mitigate risks and, ultimately, realize value. Our guidebook pulls back the curtain to show how.

GASB 87, Leases: Our four most frequently asked questions
The deadline extension for the GASB 87, Leases, implementation came as a welcome relief during the COVID-19 crisis. But don’t delay it for too long —planning requires significant time and effort. These FAQs can help keep you on track.

Software replacement plans canceled? Optimize your existing enterprise system
If you can no longer afford a new ERP system, what’s your next best option? Finding ways to work with what you have. Consider these 12 ideas to optimize your current system to drive efficiency across your organization.

Amanda Ward named to the AICPA’s Governmental Audit Quality Center executive committee
Partner Amanda Ward has been appointed to serve on the executive committee of the AICPA Governmental Audit Quality Center.

September 2019

Ten tips for a successful K-12 ERP implementation
ERP implementations can be daunting, especially if you’re replacing a decades-old system. For K-12 school districts, the challenges are only compounded by limited staff and resources. Here are 10 best practices for a successful implementation project.

Data protection 101: Why you need security awareness training
Your organization has anti-virus software, firewalls, and intrusion detection systems. Isn’t this enough to protect your vital information? The simple answer is no.

GASB 87, Leases: Answers to your implementation questions
Preparing for GASB 87, Leases implementation? We answer your burning questions.

GASB 84: A Deeper dive into the GASB fiduciary activities standard
Unsure how to apply GASB 84 to fiduciary activities? Unclear on the impact of the GASB Implementation Guide 2019-2? Join our webinar to get prepared.

GASB issues additional guidance on GASB 84, Fiduciary Activities
Read GASB’s new Implementation Guide to truly understand how to think about fiduciary activities and apply the provisions of GASB 84.

Leadership at the Detroit Lions: CFO Allison Maki on coaching with kindness
Working as CFO in an organization of high-performing people, Allison Maki has learned the power of human kindness and authenticity while leading a team "doing ordinary work at an extraordinary place" where success equals games won versus a strong income statement.

Market perspectives
Explore emerging market trends and insights from our Investment Research team. If it’s top of mind for you, it’s top of mind for us.

December 2018 

GASB Statement 84: The changing landscape of fiduciary activities
GASB 84 outlines how to identify and report fiduciary activities for governmental units. Here’s what you need to consider as you plan to implement the new standard.

GASB 87, Leases: Four steps to a successful implementation
GASB 87 makes significant changes to how you report for leases. Are you prepared? Follow these four steps for a smooth implementation.

How to save money on school renovations
Ready to build or renovate? District leaders should follow these six steps to make sure they're optimizing the school district's limited dollars during construction.

Crisis communication: Five steps to engage stakeholders
In tough times, communicating with stakeholders is critical to minimizing negative impacts, maintaining control, and securing the support your organization needs to move forward. Here’s how to start.

The Road Ahead
PMFA’s 2019 economic outlook.

Learn from Leaders
Executives from the Detroit Lions, Carhartt, and PVS Chemicals share their best leadership tips.

September 2018

ERP change management: Five pillars of success
Change is a certainty when implementing any new ERP system. Use these suggestions to help you ensure, and your workforce embrace, a smooth and successful ERP implementation. 

The devil is in the data: Optimizing value in the digital age
Are you making full use of the data you collect? Here are some practical ways to gain the upper hand. 

Five benefits of cloud-based disaster recovery
Are you prepared for an IT disaster? If you think you’re immune, think again. Here’s how to get started on your disaster recovery plan and key considerations to weigh when thinking about cloud-based disaster recovery solutions. 

Protect your digital assets with these cybersecurity best practices
Looking for steps you can take to improve your data loss protection? Look no further. These cybersecurity best practices will help you stay a step ahead of hackers and can keep your school district safe.

July 2018

With knowledge gained over six decades of auditing and assisting schools, our team of K-12 specialists can help your district prepare for school accounting and auditing changes, anticipate challenges, manage risk, and streamline operations. In short, we’ll help you make the mark.

How to spot a fraudster
Occupational fraud continues to cost businesses, some quite severely. In most cases, the perpetrators share several traits and behavior patterns. Be on the lookout for these red flags.

How does the evolving K-12 ERP marketplace impact your district?
In today’s quickly evolving administrative system marketplace, options for new features and functionalities are abound. Is your existing ERP system delivering all it can? Here are five ways to tell. 

Your district has been hacked. What’s the first thing you need to do?
View our webinar series, beginning with Incident response triage: Where do we start to learn which actions you should take immediately after a cyberattack to minimize the damage. 

It’s time to implement GASB 75. Need a refresher on how this impacts school districts?

April 2018

What’s the difference between a construction manager, architect, and owner’s representative?
Failing to meet financial expectations, running behind schedule, or going over the budget from mistakes can increase a capital project’s costs exponentially. Owner’s reps are uniquely able to help higher education institutions plan and execute successful capital improvement programs. 

Fostering staff engagement by putting people first
Plante Moran was recently named one of Fortune magazine's "100 Best Companies to Work For" for the 20th year in a row. Why? Because of our people and our environment centered around high-touch relationships, transparency, and trust. Celebrate with us.