Our consulting team is a group of seasoned accountants who have experience as employees in the educational client environment. VTD understands educational financial issues facing clients like no other consulting practice. We can deliver timely, resourceful solutions because we know your market from the inside-out.
Our advisory team helps your staff to operate efficiently, keep public records accurately, and meet government deadlines on time. We train your staff so that Federal, State, and Local revenues are received and expenditures are reported in accordance with the guidelines for educational financial statements.
The result of our work with your staff improves your entity’s financial communication with your community. VTD provides timely, accurate financial information in a format that is understandable and useful to your stakeholders and in accordance with generally accepted accounting principles.
Our staff utilizes Microsoft software products to analyze and organize your financial data. Your staff is trained on these methods to greatly reduce the tedious work associated with data management and recordkeeping. The result is an efficient use of your staff’s time.
Budgeting is an art and a science. It can be a learned skill. VTD can help you and your staff prepare line item budgets that improve Business Office credibility with stakeholders. Effective budgeting can help you make better program and financial decisions, improve operations and enhance relationships inside and outside the organization.
Transitioning the books from cash to accrual at year end is a task for the experienced, seasoned accountant. Our firm’s experts teach your staff how to construct the appropriate entries unique to governmental accounting to prevent errors and omissions from the financial statements. VTD knows that year-long preparation can make this annual event, a “non-event.” Our firm will share the secret to making this a successful transition from one year to the next.
Accurate financial reporting leads to better decision-making. Understanding financial statements and cash flows helps you to guide your organization through perilous times and excel during secure times. VTD promotes comprehension of difficult accounting topics so that you can focus on what the financial data means to your organization.
The Federal and State government offers many revenue opportunities for local agencies to operate successful educational programs. Our firm can help your organization budget priorities, track revenues and expenses, and maintain compliance with funding agency requirements.
GASB 34 reporting of fixed assets, and GASB 45, reporting of post-retirement benefits, are the two most frequently requested services for GASB implementation. Our firm can assist your staff in reconciling construction project costs and proposing entries for conversion from modified accrual to full accrual. We also help your organization make sense of an actuarial report so that you can make informed decisions regarding the costs associated with post-retirement benefits.
VTD’s Microsoft-Access based construction tracking software is simple to use and creates reports for multi-funded, multi-year projects. It also generates Office Of Public School (OPSC) construction expenditure reports. This software is helpful to any organization that has passed a General Obligation Bond, and receives Federal, State, and local construction funding.
Negotiation between organized workers and their employer to determine wages, hours, rules, and working conditions requires a lot of data analysis that is time consuming and sometimes difficult to research. VTD assists your entity in preparing for the process, acting as an at-table expert, or building a supportive case in fact finding. Our team can assist in the preparation of the required public disclosures once a settlement is in sight.
VTD has over 25 years of experience in assisting County Offices Of Education (COE) in their fiscal oversight responsibilities. Our team of experts can help the COE with their external business function and serve as a fiscal expert within K-12 School Districts.
Whether your organization is fully staffed, understaffed, or in transition, our firm can help with an “extra set of eyes,” fill a temporary accounting need, or offer professional development in a one-on-one or group setting.
California Public School revenue is based on dollars per student attendance day. Educational revenue depends upon accurately capturing the data and reporting it to the State. Our firm is familiar with compliance, reporting and best practices for encouraging student attendance. VTD offers professional development in a variety of delivery options, from one-on-one instruction to large group workshops.
Safeguard your donations and fund-raising proceeds. Learn proper cash handling and recordkeeping procedures. Maintain responsibility and accountability by implementing best practices. VTD offers professional development in a variety of delivery options, from one-on-one instruction to large group workshops.
The revenue limit is a complex blending of State and local taxes to fund California K-12 public education. Each calculation is unique to each entity. Let our firm guide your staff in completing this calculation. VTD provides “hand-on” professional development that explains the detail.
Transform your organization by having VTD analyze staff duties and make recommendations for improvement. Through the use of an external source, your organization can take the first step to implementing change.