David Kelleher
AAFCPAs Speaks on Navigating School Facilities Expansion
On December 11, 2024, AAFCPAs’ David Kelleher, CPA, CGMA, Partner spoke at the Association of Independent Schools New England’s (AISNE) virtual webinar, How Schools Confidently Navigate Facilities Expansion. This session featured insights for Heads, Assistant Heads, CFOs, COOs, advancement leads, and others involved in the financial planning of major facilities projects. Panelists explored the practicalities […]
Shift in EEC Funding Model Requires Business Process Assessment
Effective October 1, 2024, the Massachusetts Department of Early Education and Care (EEC) shifted its contract reimbursement from a primarily unit-rate model to a mix of unit-rate and cost-reimbursable contracts. Under the new contracts, childcare seats will be reimbursed on a unit-rate basis while administrative and supportive services will be funded through cost reimbursement contracts. […]
How Schools Confidently Navigate Facilities Expansion
While the design and construction of a new academic facility can be an ambitious and exciting undertaking, it may present financial challenges. To ensure project success and to mitigate risk, it is critical to proactively plan for accounting and financial implications before you break ground. Take for example one of AAFCPAs’ independent school clients that […]
GASB: Subscription-Based Information Technology Arrangements
AAFCPAs would like to remind entities following government accounting rules, including clients in the Charter School industry as well as other quasi-governmental organizations, of the Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription Based Information Technology Arrangements, which is required to be adopted in FY 2023. GASB 96 applies to all subscription-based information technology arrangements […]
GASB Subscription Accounting Standard
Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription Based Information Technology Arrangements, applies to entities following government accounting rules, including AAFCPAs’ clients in the Charter School industry, as well as other quasi-governmental organizations. This guidance applies to subscription-based technology arrangements (SBITAs), defined as a contract that conveys control of the right to use another party’s […]
AAFCPAs’ Dave Kelleher to Present Educational Session for Nonprofits and Board Members
AAFCPAs Partner David Kelleher, CPA, CGMA has been selected to present Exploring Nonprofit Financial Statements for Nonprofit Professionals on September 24th in collaboration with Philanthropy Massachusetts. In this interactive workshop, attendees will learn how to find the stories that nonprofit financial statements are telling. Attendees will get comfortable interpreting the numbers, reviewing financial statement disclosures […]
AAFCPAs to Present Workshop on Internal Controls & IT Countermeasures to Mitigate Risks
AAFCPAs’ Vassilis Kontoglis and David Kelleher will present an educational workshop on Best Practices in Internal Controls and IT Security to assist in mitigating risk at The Massachusetts Association of Early Education & Care (MADCA) Administration and Management Conference, in Worcester, MA on November 28th. Risk Management requires continuous improvement, and organizations must stay vigilant, […]
The MA Attorney General Launches Online Payment System (ePay) to Accept Fees from Charities
The Massachusetts Office of the Attorney General (AGO), Division of Public Charities office has announced the launch of its statewide, online payment system to accept annual filing fees from registered charities. Any public charity that is registered with the AGO and has an Attorney General Number may now use the ePay site to remit their […]
AAFCPAs highlights key items new to Head Start eligibility standards
In March, 2015, the Office of Head Start, an office of the U.S. Department of Health and Human Service (HHS), Administration for Children and Families, issued updated performance standards for Head Start programs. AAFCPAs reminds our clients that the updated standards will be utilized in Head Start monitoring visits beginning October 1, 2015. AAFCPAs offers […]