Human & Social Services
EOHHS 3.75% Payment Contracts: AAFCPAs advises on where and how to record quarterly payments
Human & social services providers who do not yet have a regulation establishing a rate of payment for certain social services programs are now beginning to receive their expected quarterly payments from the Executive Office of Health and Human Services (EOHHS) for programs affected by Chapter 257. Where and how do providers record payment? Purchase […]
3.75% Payment Contract for Human & Social Services Providers Affected by Chapter 257
For human & social services providers who do not yet have a regulation establishing a rate of payment for certain social services programs, AAFCPAs reminds you that you will begin receiving quarterly payments on or around August 15, 2015 provided that you have timely executed a 3.75% Payment Contract with the Executive Office of Health […]
Navigating Charity Evaluators
How nonprofits can positively impact their rating Communication and transparency are paramount for companies looking to win over advocates in the information age, and the nonprofit sector is no exception. Just as Yelp transformed business reviews and TripAdvisor changed the way the world chooses vacation destinations, evaluation tools are impacting donor perception of charities. The […]
Proposed Nonprofit Financial Statement Format Changes
On April 22, 2015, the FASB issued a proposed Accounting Standards Update (ASU) entitled Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities. The proposed ASU is intended to improve the financial reporting of not-for-profit entities (NFPs) and to provide more useful information to the donors, creditors, […]
UFR Reporting Guidance for Child Care Contractors With EEC Infant/Toddler Contracts
As a reminder, effective July 1, 2014, the Massachusetts Department of Early Education and Care (EEC) unblended the Infant/Toddler contract rates. In recent guidance issued by the EEC, the previously combined programs must now be reported separately on the Uniform Financial Report (UFR). For example, child care contractors who receive EEC funding and have a […]
Judge Orders State to Update Human Service Provider Rates
The new Baker administration has been ordered by a Superior Court judge to fully implement Chapter 257 by the beginning of the state’s 2016 fiscal year. The State has 60 days to appeal. Chapter 257 is a 2008 law aimed at updating rates paid to human service providers, and places authority to update these rates […]