James Laino

Succession Planning

A good succession plan can help: Transfer ownership when the time comes Maintain your lifestyle in retirement Provide for your heirs financially Prepare the business to handle unexpected events A succession plan is very important because life happens and unless you...

Proposed Budget – Private School

On January 18, 2022, Governor Hochul issued the New York State proposed budget. While the main focus of the budget was on public schools, the proposed budget included some increases in areas beneficial to private schools. Special Education Schools: The budget included...

2022 WORKSPACE TRENDS

As we enter 2022, we continue to see a shift in the physical workplace and what the future of offices will be. Here are some trends we are seeing as we enter into 2022: Downsizing: Going by the average, a standard office lease for a nonprofit in the USA will be around...

Press Release: Cerini & Associates, LLP Partner Promotions 2021

FOR IMMEDIATE RELEASE Contact:Kelli-Anne Cerini Marketing Coordinator Cerini & Associates, LLP P: 631-582-1600 ext. 401 E: kacerini@cerinicpa.com January 04, 2021 – Bohemia, NY – Cerini & Associates, LLP, a leading audit, tax, and business advisory firm...

Underwater Endowments

FASB’s Accounting Standards Update 2016-14 will be effective for calendar year-end entities in 2018 and fiscal year-end entities in 2019. Non-profit organizations will see changes in how they must present net assets on their statement of financial position. An...

Press Release: Cerini & Associates, LLP Strengthens its Practice Appointing Shari Diamond to Partner, Multiple Promotions and New Hires

FOR IMMEDIATE RELEASE Cerini & Associates, LLP Strengthens its Practice Appointing Shari Diamond to Partner, Multiple Promotions and New Hires                        January 25, 2019 – Bohemia, NY – Cerini & Associates, LLP, a leading audit, tax, and business...

Community Eligibility Provision

With the uncertainty in the job market, many districts have been experiencing an increase in the number of students who can qualify for free or reduced-price lunches. Looking for a way to get more revenue and have less headaches from collecting household applications?...

SED Proposes Methodology Increases

The Board of Regents approved priority legislation of a statutory growth index for tuition reimbursement. NYSED recommended the following to the Division of Budget: Both Preschool and School Age The 2018-2019 tuition rate setting methodology for both preschool and...

LEA + MOE = ? Calculate That!

Beginning with the fiscal 2018 school year, school districts must use the LEA Maintenance of Effort (MOE) Calculator. Huh? Let’s try this again. In the past, New York State Education Department (NYSED) has never required LEAs to submit information that verifies...

Appropriate Use of Public Funds

We are often asked as claims auditors if a school can pay for community or PTA events, or certain items in honor of an employee or Board member. Our role is to ensure that schools protect the integrity of public funds. Overall, school law states that school districts...
Succession Planning

Succession Planning

A good succession plan can help: Transfer ownership when the time comes Maintain your lifestyle in retirement Provide for your heirs financially Prepare the business to handle unexpected events A succession plan is very important because life happens and unless you...

read more
Proposed Budget – Private School

Proposed Budget – Private School

On January 18, 2022, Governor Hochul issued the New York State proposed budget. While the main focus of the budget was on public schools, the proposed budget included some increases in areas beneficial to private schools. Special Education Schools: The budget included...

read more
2022 WORKSPACE TRENDS

2022 WORKSPACE TRENDS

As we enter 2022, we continue to see a shift in the physical workplace and what the future of offices will be. Here are some trends we are seeing as we enter into 2022: Downsizing: Going by the average, a standard office lease for a nonprofit in the USA will be around...

read more
Underwater Endowments

Underwater Endowments

FASB’s Accounting Standards Update 2016-14 will be effective for calendar year-end entities in 2018 and fiscal year-end entities in 2019. Non-profit organizations will see changes in how they must present net assets on their statement of financial position. An...

read more
Community Eligibility Provision

Community Eligibility Provision

With the uncertainty in the job market, many districts have been experiencing an increase in the number of students who can qualify for free or reduced-price lunches. Looking for a way to get more revenue and have less headaches from collecting household applications?...

read more
SED Proposes Methodology Increases

SED Proposes Methodology Increases

The Board of Regents approved priority legislation of a statutory growth index for tuition reimbursement. NYSED recommended the following to the Division of Budget: Both Preschool and School Age The 2018-2019 tuition rate setting methodology for both preschool and...

read more
LEA + MOE = ? Calculate That!

LEA + MOE = ? Calculate That!

Beginning with the fiscal 2018 school year, school districts must use the LEA Maintenance of Effort (MOE) Calculator. Huh? Let’s try this again. In the past, New York State Education Department (NYSED) has never required LEAs to submit information that verifies...

read more