Government

More than ever before, government organizations are managing their operations, resources and services with less money and more restrictive budgets. BST has an unrivaled depth of knowledge and expertise in this area, understanding that government entities – whether at the state or local level – have unique financial requirements. Through continued growth, training and diversification, BST’s team has developed a cadre of services, ranging from traditional auditing, accounting and financial consulting to highly diverse and specialized services to meet the needs of governmental clients.  Our board representation and frequent presentation of training programs demonstrate our active involvement in many professional organizations that support the government industry.

The firm has extensive experience serving governments of all shapes and sizes throughout the State of New York, ranging from the local municipalities to large State level public authorities.  

Clients Served

  • Counties
  • Cities
  • Towns
  • Villages
  • Municipal electric utilities
  • State agencies
  • Fire districts
  • Local Government Public Authorities
  • New York State Public Authorities

Traditional Services

  • Financial statement audits (U.S. GAAP and Other Comprehensive Basis of Accounting)
  • Government Auditing Standards audit engagements
  • Program and single audits in accordance with Uniform Guidance
  • Assistance with preparation of the Office of the State Comptroller’s Annual Financial Report Update Document (AFRUD or AUD)
  • Compliance attestation engagements (Investment compliance, debt covenant compliance and others)
  • Uniform Justice Court Act audits
  • System processes and internal control reviews

Specialized Services

  • Accounting and recording systems for the development of work orders, time allocation and fixed asset records
  • Acquisition or valuation studies
  • Annual budget reviews
  • Assistance with Comprehensive Annual Financial Reports (CAFR)
  • Assistance with U.S. GAAP financial statement conversions from regulatory basis.
  • Development of indirect cost proposals and plans in accordance with OMB Circular A-87 and Uniform Guidance
  • Employee benefits alternatives assessments
  • Escrow verifications for debt refinancing
  • Expert witness and valuation services for eminent domain condemnation proceedings
  • Feasibility and utility rate revision studies (water, sewer and electric)
  • Fidelity bond claim preparation
  • Fraud, defalcation and malfeasance research and documentation
  • Internal cost allocation studies
  • Records reconstruction
  • Revenue bond issuance and refinancing research and documentation
  • Revenue generation/cost reduction studies

Professional Organizations

  • AICPA – Governmental Audit Quality Center (GAQC)
  • New York State Association of Counties
  • Association of Government Accountants (AGA)
    • Board representation
  • Government Finance Officers Association (GFOA)
    • Y. State Board representation
    • Volunteer reviewers – Certificate of Achievement for Excellence in Financial Reporting
  • Long Island Clerks and Treasurers Association
  • Municipal Electric Utilities Association (MEUA)
  • New York Conference of Mayors (NYCOM)
  • New York State Society of Municipal Finance Officers

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