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At Sikich, we are committed to providing high quality, timely services to state and local units of government. We have a team of professionals that serve the State and Local government industry year round. We have devoted six partners and thirty staff members to our State and Local Government industry team. When Sikich is chosen to provide professional services to state and local governments, we staff the engagement with professional staff from this team.
This enables our firm to staff our state and local governmental engagements with qualified professionals in the industry, providing valuable services and resources to our governmental clients during the engagement and throughout the year, as well as insuring consistency and quality of staffing multi-year engagements. We can assure our clients that none of the staff assigned to an engagement would need any “on the job accounting or financial reporting training” by the government’s staff.
During the most recent calendar year, our state and local government team provided services to more than 200 cities, villages, towns and other units of government, including the second, fifth and eighth largest cities and the second and third largest park districts. We helped the second largest city in Illinois become one of the first in the nation to implement GASB 43 and 45. Recently one of our clients was upgraded to a AAA bond rating becoming one of only three park districts in the State of Illinois to achieve this distinction.
Many of these have been long standing clients and are evidence of our dedication to the state and local government industry and our abilities to provide high quality, timely services within this specialized industry. These clients and related work have enabled our Firm to develop an extensive nationally recognized expertise in governmental accounting, auditing and financial reporting procedures and practices. We have led the industry in implementing complex pronouncements issued by the Governmental Accounting Standards Board (GASB).
Our Firm’s expertise not only enables our clients to apply for and receive the coveted Certificate of Achievement for Excellence in Financial Reporting but also to correctly implement new and existing statements and interpretations issued by the Governmental Accounting Standards Board (GASB), new requirements established by industry standards and to streamline and improve their financial reporting techniques and methods of communicating financial results.
Auditing and Accounting Services
- Auditing/Attestation Services
- Annual audits
- Single audits of federal expenditures
- Limited procedure engagements/Agreed Upon Procedures
- Grant specific audits
- Tax Increment Financing compliance audits
- Revenue compliance audits
- Escrow verifications
- Accounting Services
- Monthly, quarterly and annual accounting and bookkeeping assistance
- Payroll processing
- Temporary staffing
- Electronic filing of Pension Fund Annual Financial Reports
- Electronic filing of local government Annual Financial Reports
- Financial Reporting Police and Fire Pension Funds
Management and Operations Consulting Services
- Revenue and expenditure forecasting
- Current and long-term budget development and analysis
- Debt management and policies
- Cash management and policies
- Internal control evaluation and implementation
- Accounting procedure manuals
- Cash flow analysis
- Strategic planning
- Rate modeling
- Implementation of new GASB pronouncements
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998 Corporate Blvd Aurora, IL 60502-9102 Phone: 630-566-8400 Fax: 630-566-8401
6815 Weaver Rd, Ste 100 Rockford, IL 61114-9940 Phone: 815-282-6565 Fax: 815-282-6666
1000 Churchill Road Springfield, IL 62702 Phone: 217-793-3363 Fax: 217-793-3016
More Sikich locations
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