Private School

Internal Controls: The 5 Components

What are internal controls? Why do we need them?
Internal controls are one of the most essential elements within any organization. Internal controls are put in place to enable organizations to achieve their goals and missions.

Bonus for NYS Healthcare Workers – Cerini Short

Bonus for NYS Healthcare Workers Cerini Short We have been hearing for months about New York State making certain bonuses available to direct healthcare workers of up to $3,000 each. Governor Hochul allocated $1.2 billion from the State's 2022/23 budget for the...

GOVERNOR HOCHUL ANNOUNCES APPLICATIONS OPEN FOR $343 MILLION IN CHILD CARE PROVIDER GRANTS TARGETING WORKFORCE

There is another round of Day Care Subsidiary funding available! Applications are now available through November 30, 2022. Please see the press release below that provides more information and links to the application. Please let us know if you have questions or need...

School Board Analysis

Most school leadership, from executive management to the Board, are extremely focused on ensuring students are getting a strong education that will allow them to get into the top-tiered colleges, looking to develop strategies towards new modes of learning, and finding...

Lease Accounting – Schools

Background For many schools, the largest non-labor cost is facilities. For years this has created some disparity in the comparability of financial statements between schools, as some schools own their facilities while others rent. Several years ago, the Financial...

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...

NY ABLE Accounts

When you have a child, you make many plans. One of the most important plans is for their future finances.  This applies for any child, but when parents have a child with special needs often there is more concern.  For parents that have a child who developed a...

Guest Article: School Insurance

Over 11 million K-12 students were enrolled in private schools in the US in 2018, and that number is only expected to grow. Private and charter schools allow students to experience elite academics, arts, and technical training that public schools cannot provide, which...

Guest Article: Cybersecurity – School from home IT Concerns

With the COVID pandemic, everyone has been forced to operate more remotely and this is even more prevalent in schools where remote learning is a standard, as parents are afraid to send their children to physical buildings or governmental regulations have prohibited...

Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2014-09 – Revenue Recognition – Not-for-profit (“NFP”) entities (including private schools )

Nonprofit organizations are required to adopt the new revenue recognition standards during 2021. For schools, this means that if they haven’t already early adopted the new standard, they will need to adopt it for the 2020/2021 fiscal year. The new revenue recognition...
Q&A on Healthcare Worker Bonus Program

Q&A on Healthcare Worker Bonus Program

*Information as of August 17, 2022* Ken Cerini, Managing Partner and Edward McWilliams, Tax Partner of Cerini & Associates, LLP gave a background of the Healthcare Worker Bonus and answered participant questions. General Program Background:- Healthcare Worker...

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Internal Controls – Cerini Short

Internal Controls – Cerini Short

Internal Controls Cerini Short In this Cerini Short, Nicholle Mezier, CPA, Manager explains Internal Controls. WHAT ARE INTERNAL CONTROLS? WHY DO WE NEED THEM? Internal controls are one of the most essential elements within any organization. Internal controls are put...

read more
Internal Controls: The 5 Components

Internal Controls: The 5 Components

What are internal controls? Why do we need them?
Internal controls are one of the most essential elements within any organization. Internal controls are put in place to enable organizations to achieve their goals and missions.

read more
Bonus for NYS Healthcare Workers – Cerini Short

Bonus for NYS Healthcare Workers – Cerini Short

Bonus for NYS Healthcare Workers Cerini Short We have been hearing for months about New York State making certain bonuses available to direct healthcare workers of up to $3,000 each. Governor Hochul allocated $1.2 billion from the State's 2022/23 budget for the...

read more
School Board Analysis

School Board Analysis

Most school leadership, from executive management to the Board, are extremely focused on ensuring students are getting a strong education that will allow them to get into the top-tiered colleges, looking to develop strategies towards new modes of learning, and finding...

read more
Lease Accounting – Schools

Lease Accounting – Schools

Background For many schools, the largest non-labor cost is facilities. For years this has created some disparity in the comparability of financial statements between schools, as some schools own their facilities while others rent. Several years ago, the Financial...

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
NY ABLE Accounts

NY ABLE Accounts

When you have a child, you make many plans. One of the most important plans is for their future finances.  This applies for any child, but when parents have a child with special needs often there is more concern.  For parents that have a child who developed a...

read more