Given these factors it is evident that both preparers and auditors of state and local government
financial statements need to clearly understand how to assess materiality.
There will be no need for confidentiality, so all of the state and local government
officials from the various locations will know, up front, that each site has competition from other cities and counties for the potential new jobs and capital investment that the proposed expansion promises.
Nondiscrimination protections--including the employer's obligation under the Americans with Disabilities Act (ADA) to provide reasonable accommodations to enable a person with a disability to perform job-related functions--do not apply to state and local governments
exactly as they do for most private sector employers.
The local government
shall also have powers to levy taxes, fee, rate, rent, toll, charge or surcharge but it will be subject to publication of the tax proposals and inviting and hearing public objections.
Its election manifesto calls for abolishing conditional subsidies to local governments
, eliminating in principle the regional bureaus of government ministries, and relieving local governments
of the obligation to shoulder part of the cost of public works projects carried out by the central government.
The result is a radical privatization of many local government
functions, both in concept and in execution.
are eager to give them public money.
The idea of "combine and conquer" is not new to local government
A significant number of state and local governments
maintain their internal accounting records and prepare their annual financial statements using a basis of accounting other than generally accepted accounting principles (GAAP).
13 presented big government with a great opportunity to centralize authority by attaching myriad conditions to aid to local government
The need for local government
to maintain those services, essential services of police and fire protection, is paramount from a public policy perspective,'' said Rob Stutzman, Schwarzenegger's director of communications.
State and local governments
must change their financial reporting.